How much extension does the Union Budget of 2022 23 provide to the startups for availing the tax inc...........

General Awareness (SEBI) Indian Economy

How much extension does the Union Budget of 2022-23 provide to the startups for availing the tax incentives?

This questions was previously asked in

SEBI Grade A (Ph 1 Paper 1 2022)

31 August 2022

30 September 2025

31 December 2024

31 March 2023

30 April 2022

- In the Union Budget of 2022-23, the government provided extensions for startups to avail tax incentives.

- Startups are allowed a tax holiday for three consecutive years out of their first ten years since incorporation.

- Correct Answer: Option 2 - 30 September 2025: This extension allows eligible startups an extended period to claim the tax incentives.

- Option 1, 31 August 2022, does not correspond to any known tax incentive extension date.

- Option 3, 31 December 2024, is not accurate for the 2022-23 budget's provisions.

- Option 4, 31 March 2023, is not the correct extension deadline.

- Option 5, 30 April 2022, is not relevant to the given context.

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