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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.

  • More questions

    • 1. IRDAI set up a Committee of 13 members to review regulatory framework on micro-insurance. Who is the head of the committee?

    • Options
    • A. Suresh Mathur
    • B. Girish Joshi
    • C. Amit Rathi
    • D. Rajinder Singh
    • Discuss
    • 2. The cheif minister of this state launched a water conservation scheme 'Jal Amrutha'.

    • Options
    • A. Assam
    • B. Tamil Nadu
    • C. Karnataka
    • D. Andra Pradesh
    • Discuss
    • 3. Which state government sets a limit that the weight of school bags not more than 10% of the child's weight?

    • Options
    • A. Tamil Nadu
    • B. Karnataka
    • C. Andra Pradesh
    • D. Uttar Pradesh
    • Discuss
    • 4. Who is the author of the book "From Inside the Steel Frame: The Memoirs of an Administrator"?

    • Options
    • A. Sujata Sanghamitra
    • B. R Sivapriya
    • C. Ashok Pandey
    • D. Vikas Swarup
    • Discuss
    • 5. Which team won the 115th Aga Khan Gold Cup tournament in New Delhi?

    • Options
    • A. Madhya Pradesh Team
    • B. SHA Team
    • C. Army XI Danapur
    • D. SAIL Hockey Academy
    • Discuss
    • 6. Who has adopted a resolution on Sexual-Violence condemning rape as a weapon of war?

    • Options
    • A. NATO
    • B. UNGA
    • C. UNSC
    • D. UNICEF
    • Discuss
    • 7. Name the IPS officer who has been conferred with the 2019 McCain Institute Award for Courage and Leadership.

    • Options
    • A. Sanjukta Parashar
    • B. Chhaya Sharma
    • C. Rajni Sekhri Sibal
    • D. Chadalavada Umesh Chandra
    • Discuss
    • 8. World Malaria Day is observed on April 25. The theme of 2019 World Malaria Day is;

    • Options
    • A. Invest in the future: defeat malaria
    • B. Zero malaria starts with me
    • C. Ready to beat malaria
    • D. End Malaria For Good
    • Discuss
    • 9. Which among the following bank has collaborated with India's health insurance company, Max Bupa to launch 'AnyTimeHealth machines' for distributing health insurance products?

    • Options
    • A. Axis Bank
    • B. HDFC Bank
    • C. ICICI Bank
    • D. IndusInd Bank
    • Discuss
    • 10. The 3-day National Cardiology Conference 2019 was held in __________.

    • Options
    • A. Lucknow
    • B. Mumbai
    • C. Chennai
    • D. Delhi
    • Discuss


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