Startups incorporated till March 2024 to get income tax benefits: Finance Minister Nirmala Sitharaman

The government on Wednesday proposed to extend income tax benefits to startups incorporated till March 2024. Finance Minister Nirmala Sitharaman also said that the government proposes to increase the benefit of carrying forward losses for startups to 10 years. Sugar cooperatives can claim payments prior to 2016-17 made to sugarcane farmers as expenditure, the minister added.