Finance Minister Nirmala Sitharaman has presented the Union Budget 2021-22 in Parliament.To help India's startups amid the corona pandemic, tax holidays for these businesses have been extended by one year till March 31, 2022. The capital gains exemption given to startups was also extended by a year more.

While presenting the Union Budget 2021-22 on Monday,  Finance Minister Nirmala Sitharaman said, ""Tax holidays for startups extended by one year, till 31st March 2022."The capital gains exemption given to startups was also extended by a year more. FM said, "Definition of small companies under Companies Act 2013 to be revised. Companies with paid-up capital up to Rs. 2 crore and turnover up to Rs. 20 crore will fall under small companies, benefiting more than 2 lakh companies in compliance required."

This time budget was paperless. National Informatics Centre and the Department of Economic Affairs (DEA) develop theUnion Budget Mobile app. With this app, users  can access all budget-related documents and other information. The application is available for Android and iOS smartphones. The app includes all the documents which were presented in the parliament and will be available in a hassle-free manner. 

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