Union Budget 2022: Startup Tax Holiday Extended By Another Year

At the Union Budget 2022, finance minister Nirmala Sitharaman proposed extending the startup tax holiday scheme to startups incorporated till March 31, 2023, in addition to the startups that had already been eligible for the exemption. Till now, the tax holiday was available for startups incorporated till March 2022. Last year, the FM had announced a similar one-year extension to the startup tax holiday policy.