Interim budget: India govt proposes to extend tax benefits to startups for one more year – English Mathrubhumi

The government on Thursday proposed to extend the tax incentive for startups and investments made by sovereign wealth or pension funds for one more year till March 2025. Finance Minister Nirmala Sitharaman said that certain tax benefits to startups and investments made by sovereign wealth or pension funds as also tax exemption on certain income of some IFSC (International Financial Services Centre) units are expiring on March 31, 2024.