https://www.taxtmi.com/article/detailed?id=7849 Tax concessions for start-ups are expanded by extending the incorporation window, applying the turnover ceiling to seven previous years from incorporation, and enlarging the eligible business definition to include innovation, improvement and scalable models with high employment or wealth-creation potential; these amendments take effect from April first, 2018. Employment-linked deductions are rationalized by extending the relaxed minimum employment-period to footwear and leather industries and permitting claim where a new employee falls short of the minimum in the first year but meets it in a subsequent year; these changes take effect from April first, 2019. en-us Fri, 02 Feb 2018 11:58:37 +0530 Fri, 02 Feb 2018 18:05:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7849 Tax concessions for start-ups are expanded by extending the incorporation window, applying the turnover ceiling to seven previous years from incorporation, and enlarging the eligible business definition to include innovation, improvement and scalable models with high employment or wealth-creation potential; these amendments take effect from April first, 2018. Employment-linked deductions are rationalized by extending the relaxed minimum employment-period to footwear and leather industries and permitting claim where a new employee falls short of the minimum in the first year but meets it in a subsequent year; these changes take effect from April first, 2019. Articles Budget - Tax Proposals Fri, 02 Feb 2018 11:58:37 +0530 https://www.taxtmi.com/article/detailed?id=7849