Startups India has got four tax incentives as per the Finance Bill 2016 in tune with this government's big resolve to create a culture of entrepreneurship in India. The amendment and insertion of law in the Income Tax Act have been proposed to fund the startup, motivate to setup and earn tax free profit and easy tax compliance. So, as per the proposed tax relief to startups , one can sell his residential house and will not have to pay capital gains , or if invests in specified bonds etc.
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