Budget Quote from Mr Rishabh Jalan, CEO & Co-Founder Last Journey

“Fin-Min Nirmala Sitharaman’s proposal to extend the period of incorporation for income tax benefits to eligible start-ups by one more year till March 31, 2024 is also a welcome move. Proposal for extending the benefit of carry forward of losses on change of shareholding of start-ups to 10 years of incorporation, from the current seven years can act as a cushion and allow more room for both rectifications as well as growth. Moreover, the announced deployment of 100 Joint Commissioners to adjudicate small appeals will be imperative in reducing the pendency of appeals.”