For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Upfront Capital Infusion For Government Banks: Sitharaman

|

Finance Minister, Nirmala Sitharaman today said that the government will release Rs 70,000 crore upfront state-run banks, as announced in the budget. "This will benefit all Corporate and retail borrowers."

 

The government also announced some relief for Angel tax.

 
Upfront Capital Infusion For Government Banks: Sitharaman

Angel Tax Relief under Section 56 2(B) of the Income Tax Act, related to the angel tax, will not be applicable to startups registered with the DPIIT. A dedicated cell under the CBDT will address any income tax problems faced by startups.

Read more about: finance minister income tax
Story first published: Friday, August 23, 2019, 17:59 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X