Amrita Pritam and Startup cell
What’s in news?
Google celebrated the birth anniversary of one of the most prominent Punjabi writers with a gorgeous doodle.
About Amrita Pritam:
- Born date: August 31, 1919
- Father: Kartar Singh Hitkar
- Produced over 100 books of poetry, fiction, biographies, essays, a collection of Punjabi folk songs and an autobiography that were translated into several Indian and foreign languages.
- First prominent woman Punjabi poet, novelist and essayist.
- First woman to win the Sahitya Akademi Award for her long poem, ‘Sunehade’ (Messages).
- She is most remembered for her poignant poem “Ajj Aakhaan Waris Shah Nu” (Today I Invoke Waris Shah).
- She has written 3 autobiographies: Rasidi Ticket, Kala Gulab’ (Black Rose) and Shadows of Words.
- In 1986, she was nominated to the Rajya Sabha. She died in 2005.
Awards and Honours:
- She won the Bharatiya Jnanpith for the novel ‘Kagaz Te Canvas‘.
- She was conferred with the Padma Shri in 1969 and the Padma Vibhushan in 2004.
- Also awarded the highest honour conferred by the Sahitya Akademi – ‘Immortals of Literature‘ in 2005.
- Most famous books: Pinjar, Raseedi Ticket, Fifty Fragments of Inner Self, Shadows of Words.
What’s in news?
A five-member special cell would be established to address the grievances.
- The Central Board of Direct Taxes (CBDT) would be establish the ‘Startup Cell’ which will be headed by the member (Income Tax and Computerization) of the Board.
- The startup cell would address the grievances of startups with relation to Angel Tax and other tax-related issues.
- The cell will work towards redressal of grievances and mitigate tax-related issues in case of startup entities with respect to administration of Income-tax Act, 1961.
- Last week, Finance Minister Nirmala Sitharaman had announced the creation of such a cell in the CBDT during a press conference and announced exempting startups from the so-called Angel Tax.
- CBDT also mentioned that small startups with a turnover of up to Rs 25 crore will continue to get the promised tax holiday which provides deduction for 100 percent of income of an eligible startup for three years out of seven years from the year of its incorporation.
Condition for tax exemption:
Startups have to be registered with the Department for Promotion of Industry and Internal Trade (DPIIT).
Links to note: