DPIIT Approves 187 Startups For Income Tax Exemptions

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SUMMARY

While 75 startups were cleared for exemptions during the 79th IMB meeting, another 112 received the government’s nod during the 80th meeting

With this, more than 3,700 startups have now been granted tax exemptions under the scheme since its inception in 2017

FM Sitharaman, in Budget 2025-26 speech proposed extending the eligibility window for startups to apply for benefits provided under Section 80-IAC for an additional period of 5 years to 2030

The Department for…



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DPIIT Approves 187 Startups For Income Tax Exemptions


SUMMARY

While 75 startups were cleared for exemptions during the 79th IMB meeting, another 112 received the government’s nod during the 80th meeting

With this, more than 3,700 startups have now been granted tax exemptions under the scheme since its inception in 2017

FM Sitharaman, in Budget 2025-26 speech proposed extending the eligibility window for startups to apply for benefits provided under Section 80-IAC for an additional period of 5 years to 2030

The Department for…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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