Budget 2024: Startups get tax exemption, manufacturers left out

Budget 2024: Startups get tax exemption, manufacturers left out

The interim budget has proposed a one-year extension of the timeline for startups, sovereign funds and certain businesses in Gujarat International Finance Tec-City (GIFT-City) to claim tax breaks. However, a similar extension has not been given to new manufacturing companies. “Certain tax benefits to startups and investments made by sovereign wealth or pension funds as … Read more

Sunshine to startups: money for ideas

Sunshine to startups: money for ideas

The ₹1 trillion innovation fund announced by finance minister Nirmala Sitharaman in the interim budget on Thursday is expected to give a big boost to local technology development and manufacturing, and help India move beyond providing high-tech services towards development of products, experts said. In her interim budget speech on Thursday, Sitharaman said the fund … Read more