Government will give Diwali gift to those doing their own business, will get exemption on this tax for 2 years – Modi government may announce to Indian startups LTCG Tax deduction for investors-Indian startups, modi government, LTCG, LTCG Tax, Tax deduction, ltcg tax, ltcg tax rate, funding in Indian startups, corona virus

New Delhi: Due to the spread of Corona virus across the country, Indian startups are facing a lot of problems on the funding front. According to information received from sources, the Central Government may soon make a big announcement for Indian startups. News is coming that those investing in unlisted startups can get tax exemption for up to 2 years. Since the pandemic, startup companies across the country are facing funding problems. Keeping this in mind, the government can take this decision soon.

You can get exemption in LTCG tax
Let us tell you that the government has imposed strict restrictions on all investments coming from China. After this, domestic Indian startups are left with very limited resources for funding. In such a situation, the government can take a big step to solve this problem. CNBC Awaaz has received information from sources that if domestic investors invest in unlisted startups, they can get exemption in LTCG tax for two years.

Also read: PMGKY: Government preparing to bring third stimulus package, free grains and cash can be available till March!

#Funding Indians struggling with the problem of #startups The government can make a big announcement for this. Investing in unlisted startups can provide tax exemption for up to two years. know the full news @aloke_priya from | @startupindia pic.twitter.com/QU1dRZp9Sz

— CNBC-AWAAZ (@CNBC_Awaaz) October 26, 2020