Govt plans to offer tax holiday to companies investing in India1 min read . Updated: 12 May 2020, 01:16 PM IST
- Proposal to give a 10-year full tax exemption to companies making investment upwards of $500 mln is being evaluated
- Another variant of the program will be to provide a four-year tax holiday to companies that invest $100 million or more
India’s trade ministry is proposing a tax holiday for companies bringing new investments as the government explores measures to support the economy amid the coronavirus pandemic, according to people familiar with the matter.
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