DPIIT proposes relaxation in income tax law to help start-ups raise funds

"Start-up promoters presently need to hold 100 per cent shares for carrying forward of losses. The requirement needs to be reduced to 26 per cent, as it will encourage new investors to invest in start-ups," they said.

DPIIT proposes relaxation in income tax law to
DPIIT proposes relaxation in income tax law to help start-ups raise funds, Photo: PTI

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