Tax benefits for startups in India
India is an emerging economy, thanks to the 1.2 billion plus population and business-friendly policies. This has created an ecosystem of startups to flourish. So many startups have made their way into the markets in the last few years that the government came up with schemes to support and encourage emerging startups under the 'make in India' and 'startupIndia' schemes.
Under the following schemes various tax and non-tax incentives have been provided to businesses. The policies have been formed in such a way so that investors will start investing more in startups and businesses. These policy changes were reflected in the ease of doing business rank of India improving from mid-nineties to seventies. The schemes have focused on taxation rules for investors and business owners both.
If you want to know more about the tax benefits for startups, click here.