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  • Question
  • Which department has relaxed income tax rules in order to facilitate fundraising by start-ups which is a part of the 'Startup India Vision 2024'?


  • Options
  • A. Department for Promotion of Industry and Internal Trade (DPIIT)
  • B. Department of Commerce
  • C. Department of Heavy Industry
  • D. Department of Export Promotion Council

  • Correct Answer
  • Department for Promotion of Industry and Internal Trade (DPIIT) 

    Explanation
    The Department for Promotion of Industry and Internal Trade (DPIIT) has brought relaxation in the income tax rules related to residential properties' sale and carry-forward of losses, in order to facilitate fundraising by start-ups.The relaxation laws are part of the 'Startup India Vision 2024' that's been prepared by the DPIIT.The DPIIT recommended amendments in Section 54GB of the Income Tax Act, that is, capital gain on transfer of residential property not to be charged in certain cases and Section 79 that states, carry forward and set off of losses would be done for specific companies.The DPIIT has proposed to reduce shareholding requirements of founders from 50% to 20% and compulsory tenure from 5 years to 3 years. iv. Start-up promoters need to hold 100% shares for carrying forward of losses.

  • Miscellaneous problems


    Search Results


    • 1. UNICEF and __________ has signed a LOI for children Empowerment.

    • Options
    • A. Ministry of Human Resource Development
    • B. Ministry of Home Affairs
    • C. National Development Council
    • D. NITI Aayog
    • Discuss
    • 2. Which IIT inked MoU to launch Centre of Excellence for Waste to Wealth Technologies?

    • Options
    • A. IIT Delhi
    • B. IIT Roorkee
    • C. IIT Mumbai
    • D. IIT Pune
    • Discuss
    • 3. Name of the world's fastest bullet train that is tested by Japan recently.

    • Options
    • A. ALFA-X
    • B. Renfe AVE
    • C. Korail KTX
    • D. Maglev
    • Discuss
    • 4. What is the name of the world's first complete parent-wise genome assembly of buffalo developed by National Dairy Development Board (NDDB)?

    • Options
    • A. NDDB_ABRO_Murrah
    • B. NDDB_AGRO_Murrah
    • C. NDDB_AVNI_Murrah
    • D. NDDB_ACRO_Murrah
    • Discuss
    • 5. WHO has partnered with the International Food and Beverage Alliance (IFBA) to eliminate industrial trans-fat by which year?

    • Options
    • A. 2021
    • B. 2023
    • C. 2025
    • D. 2030
    • Discuss
    • 6. SEBI ordered NSE to pay more than ________ in the case of misuse of its co-location facility.

    • Options
    • A. ?510 crore
    • B. ?625 crore
    • C. ?730 crore
    • D. ?825 crore
    • Discuss
    • 7. Under which scheme does,Central Government has made compulsory for Electric Vehicle (EV) manufactures in India to locally source at least 50% components for receiving subsidies?

    • Options
    • A. Jago Grahak Jago
    • B. FAME II
    • C. FAME I
    • D. Kishore Vaigyanik Protsahan Yojana
    • Discuss
    • 8. Government and this institute signs MoU to set up a Centre of Excellence for Waste to Wealth Technologies.

    • Options
    • A. IIT-Delhi
    • B. IIT-Mumbai
    • C. IIT-Kolkata
    • D. IIT-Madras
    • Discuss
    • 9. Who distributed 1 lakh bee-boxes under the 'Honey Mission' recently?

    • Options
    • A. Madras Sarvodaya Sangam
    • B. KVIC
    • C. National small Industries Corporation Ltd, Chennai Branch Office
    • D. Khadi Gramodyog Bhabvan
    • Discuss
    • 10. Who plans to launch #VaccinesWork to emphasize on the importance of vaccines?

    • Options
    • A. UNICEF
    • B. WHO
    • C. Care International
    • D. Save the Children
    • Discuss


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