India: Tax incentive for startups increased by one year, says FM Sitharaman

India: Tax incentive for startups increased by one year, says FM Sitharaman

Indian finance minister Nirmala Sitharaman. Photo: Reuters

Tax incentives for startups operating in India will be increased from three to four years from the date of incorporation, Indian finance minister Nirmala Sitharaman said while presenting the Union Budget for the fiscal year 2022-23.