Startup India: In 34 months, only 94 of 15,798 govt recognised ventures got tax exemptions
20 Feb 2019 2:46 PM GMT
According to the latest available data, as of mid-January 2019, 4,648 complete applications were received for exemption under Section 80IAC of the Income Tax Act.
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- According to the latest available data, as of mid-January 2019, 4,648 complete applications were received for exemption under Section 80IAC of the Income Tax Act.
- Even as the government expects the latest revision in Startup India scheme to provide a booster shot to around 16,000 recognised startups with easier access to tax breaks under the programme, the track record of new ventures gaining exemptions shows the possible reason behind the Centre’s decision to provide the breather.
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