{"id":14202,"date":"2024-06-14T15:55:54","date_gmt":"2024-06-14T15:55:54","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=14202"},"modified":"2024-06-14T15:55:54","modified_gmt":"2024-06-14T15:55:54","slug":"union-budget-tax-incentives-to-help-startups","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/union-budget-tax-incentives-to-help-startups\/","title":{"rendered":"Union Budget: Tax incentives to help startups"},"content":{"rendered":"<p>The startups in the state will benefit from the Union governments proposal to extend the period of incorporation of eligible startups by one more year till March 31, 2023, for providing tax incentives, said<u>Kerala Startup Mission<\/u>former CEO<u>Saji Gopinath<\/u>.<\/p>\n<p>He added that it normally takes three to four years for a new startup to start making profits.<br \/> Finance minister in her<u>Budget<\/u>speech said that the country has seen a manifold increase in successful startups over the past few years.<\/p>\n<p>Startups will be getting one more year of tax benefit. It will make a huge difference for those into hardware units, which take around six to seven years to start making profits. Especially for those <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n           <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>      <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> startups whose profit will come a little later, this is a huge benefit, Gopinath said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The startups in the state will benefit from the Union governments proposal to extend the period of incorporation of eligible startups by one more year till March 31, 2023, for providing tax incentives, saidKerala Startup Missionformer CEOSaji Gopinath. He added that it normally Join Our Telegram Channel takes three to four years for a new &#8230; <a title=\"Union Budget: Tax incentives to help startups\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/union-budget-tax-incentives-to-help-startups\/\">Read more <span class=\"screen-reader-text\">Union Budget: Tax incentives to help startups<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1099],"tags":[1049],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Union Budget: Tax incentives to help startups - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/union-budget-tax-incentives-to-help-startups\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Union Budget: Tax incentives to help startups\" \/>\n<meta property=\"og:description\" content=\"The startups in the state will benefit from the Union governments proposal to extend the period of incorporation of eligible startups by one more Subscribe on YouTube year till March 31, 2023, for providing tax incentives, saidKerala Startup Missionformer CEOSaji Gopinath. 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