News & Media 3rd Feb 2025
The Finance Minister Nirmala Sitharaman’s announcement to extend the deadline for incorporation of startups by five years until April 1, 2030, has brought cheer to the ecosystem.
The extension allows startups, recognised by the Department for Promotion of Industry and Internal Trade (DPIIT), to avail tax benefits under Section 80-IAC of the Income Tax Act, 1961.
Against this backdrop, Rahul Charkha has been quoted in an article, “Budget: 5-year extension of incorporation deadline brings cheer to startups” written by Udisha Srivastav published in Business Standard.
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