tax deduction, Startup India, startup boost, boost for startup, Angel Tax, Business news

Promotion of startups: Listed companies and relatives of the founder can also get exemption from Angel Taxes.

In order to promote startup funding, the central government is considering increasing the tax exemption for Angel Investors, in addition to the listed companies, relatives of the founders and some ‘recognized investors’. They may be allowed to fund up to Rs 50 crore possibly in startups. Under current provisions, they get tax rebates on funding […]

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Zomato, swiggy, online food supply chain, FSSAI, BigBasket, Business news

FSSAI has issued revised guidelines, which will also affect the delivery of online food delivery platforms like Swiggy and Zomato.

The Food Safety and Standards Authority of India (FSSAI) has issued revised guidelines, which will also impact on food delivery platforms such as Swiggy and Zomato with online grocery store like Grofers and bigbasket. They told that in the interest of the customers and they’re increasing the monitoring system of e-commerce food companies. FSSAI said […]

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patanjali, ramdev baba, patanjali business down, financial data , tofler

Patanjali’s business is going down due to hard competition and GST, worst performance since 2013

Yoga Guru Ramdev’s company Patanjali Ayurveda’s sales and its profits have come down significantly in the financial year ending March 2018. One of the reasons for this is that in order to answer Patanjali, especially multinational companies have launched a number of natural and herbal products. Among them, Patanjali Goods and Services Tax was trapped […]

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