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Govt may provide tax incentives for startups in Budget

Monday, December 30, 2019, 5:24 PM

The government is expected to provide tax incentives to start-ups in the forthcoming budget to support the growth of budding entrepreneurs, sources said. The DPIIT has suggested several measures to the finance ministry for start-ups in the budget. The recommendations include extension of tax incentives to incubators supported under Atal Innovation Mission; reduction in GST rates on AIF management fees, they said.