Consider the following statements:
1. An entity shall be considered a start-up upto 10 years from its date of incorporation.
2. An entity shall be considered a start-up if its turnover for any of the financial years has not ever exceeded Rs. 200 crore.
Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
The Government has widened the definition of start-ups to partly address angel tax woes by increasing the time period for such ventures to be treated as start-ups, increasing the turnover criteria and also raising the tax exemption limit for investments made.
"An entity shall be considered a start-up up to 10 years from its date of incorporation, instead of the existing period of 7 years.
The Government has also expanded the turnover criteria. “Now a firm can be a start-up, even if its turnover for any of the financial years since its incorporation has not exceeded Rs. 100 crore, instead of the existing cap of 25 crore”.
Uptill now the limit for tax exemption was Rs. 10 crore. But now the eligible start-ups for shares issued or proposed to be issued by all investors shall be exempt up to an aggregate limit of Rs. 25 crore. This was aimed to grant relief to the start-ups.
A spherical balloon of radius r subtends angle 60° at the eye of an observer. If the angle of elevation of its centre is 60° and h is the height of the centre of the balloon, then which one of the following is correct?
Miscellaneous · Easy
The main source of energy in Sun is :
Miscellaneous · Easy
Match the underlined word in each of the sentences with the correct parts of speech and indicate your response on the answer sheet accordingly. Oh no! I am getting late for the function.
Miscellaneous · Easy
The first and sixth sentences are given as S1 and S6. The middle four sentences in each have been jumbled up and labelled as P, Q, R and S. You are required to find the proper sequence of the four sentences and mark your response accordingly S1: Our Constitution makers were fully conscious of the fact that the Scheduled Castes and Scheduled Tribes had been oppressed and underprivileged sections of our society over the centuries and they deserved a special dispensation so that their condition may be vastly improved. P: Similarly, they were also sensitive of the difficulties and problems which were likely to be faced by the persons belonging to the Anglo-Indian community in the country. Q: One such provision related to the reservation of seats for these communities in the Lok Sabha and State Legislative Assemblies. R: This provision found place in Article 330 and Article 332 of the Constitution. S: For this purpose, several special provisions were incorporated in our Constitution. S6: Consequently, adequate safeguards were provided for these communities in our Constitution. The correct sequence should be:
Miscellaneous · Easy