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Sandip Kaur
Hey I am on Medialย โขย 1y
Essential Tax Tips Every Indian Startup Shld Know- Navigating taxes can be tricky for startups, but mastering them is crucial for growth. Hereโs what every Indian entrepreneur shld keep in mind: โขStartup India Exemptions: If your startup is recognized by the DPIIT, you can benefit from a 3-year tax holiday within your first 10 years. Itโs a great way to reinvest profits into scaling your business. โขGST Benefits: Understanding GST can help you manage cash flow better. Opt for the Composition Scheme if your turnover is under โน1.5 croreโit simplifies filing and lowers tax rates. โขR&D Deductions: Invest in innovation? You can claim up to 150% deduction on expenses related to in-house R&D. โขAngel Tax Exemption: If your startup meets certain conditions, you can avoid the angel tax on investments, easing fundraising efforts. By leveraging these tax benefits, you can stretch every rupee and focus on what mattersโgrowing your startup! Keep these tips in mind to navigate the tax maze like a pro.
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