Budget 2021: Startups gets another year of tax holiday

Finance Minister Nirmala Sitharaman, who presented the Union Budget 2021 on Monday in Parliament, has proposed the extension of tax holiday for start-ups by one year.

Tax holiday for affordable housing has also been extended for one more year till March 31, 2022, Nirmala Sitharaman announced.

“Tax holiday for startups extended by one year. Exemption on capital gains on investment in startups extended by one year,” Nirmala Sitharaman announced.

Nirmala Sitharaman also announced that details of capital gains and interest from banks, post offices, etc will be pre-filled to further ease the filing of I-T returns.