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Key Takeaways from Union Budget 2021-2022

Key Takeaways from Union Budget 2021-2022

Folks at HSA Legal have done a great job on the key takeaways from Union Budget 2021-2022. These are the items relevant to startups.

There are many other takeaways that might be relevant to you – HSA Legal would love to take you through all points.

  • Increase in FDI limit for Insurance sector
  • Several measures have been taken to further simplify the GST regime. The capacity of GSTN system has been announced
  • Start-ups with turnover of below INR 25 crore could avail tax holidays on long term capital gains for another year, if they were invested in government notified fund
  • Investor exemption from capital gains tax also extended by a year
  • Simplified governance model for OPCs (One Person Company) under Companies Act
  • Relaxations in governance model for ‘small companies’ under Companies Act
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