Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, while presenting the Union Budget 2023-24 in Parliament today said that Indian economy is on the right track, and despite a time of challenges, heading towards a bright future.
She also stated that India’s rising global profile is due to several accomplishments like unique World Class Digital Public Infrastructure namely, Aadhaar, Co-Win and UPI; COVID-19 vaccination drive in unparalleled scale and speed proactive role in frontier areas such as achieving the climate related goals, mission LiFE, and National Hydrogen Mission.
At Engineers Corner we make sure that every Engineer, architects, students know about the facts and highlights of the budget
The Budget proposes to extend the date of incorporation for income tax benefits to start-ups from 31.03.2023 to 31.03.2024. It also provides the benefit of carry forward of losses on change of shareholding of start-ups from 7 years of incorporation to 10 years.
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