Union Budget 2022 Tax Incentive Period Increased for Startups by One More Year

2022 Union Budget: Tax Incentive Time Increased Beginning for One Extra Year

Union Budget 2022: Tax Benefit Increase for One Additional Year

“Incentives for people to start emerging as a way to grow our economy over the past few years,” Sitharaman said.

At the Union’s 2022 budget session, Finance Minister Nirmala Sitharaman said appropriate initiatives established before March 31, 2022, would be taxed for the next three years, for the first 10 years of introduction, due to the coronavirus. – an epidemic caused. Sitharaman said, “I propose to extend the duration of the relevant startup by one more year. That will come March 31, 2023, by providing these tax benefits. “He added,” Starting incentives have emerged as the catalysts for our economic growth over the past few years. The country has seen a double increase in successful startups. ”

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Tags: Nirmala Sitharaman, startup tax, startup tax extension, Union Budget 2022, union budget 2022 tax incentive period startup increase one year march 31 2023 nirmala sitharaman union budget