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Tax Benefits for Eligible Startups Limited to Only 1% of Indian Startups, Experts Say

  • In the Union Budget for 2023-24, finance minister Nirmala Sitharaman announced tax benefits for eligible startups.
  • These tax benefits are only applicable to 1% of Indian startups.
  • The date of incorporation for startups to avail the tax benefits has been extended to March 31, 2024.
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