Multiple Choice Questions on How much extension does the Union Budget of 2022 23 provide to the startups for availing the tax inc........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

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

General Awareness (SEBI) Indian Economy
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    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)
    View All SEBI Previous Year Papers

    31 August 2022 

    Incorrect Answer

    30 September 2025

    Incorrect Answer

    31 December 2024

    Incorrect Answer

    31 March 2023 

    Correct Answer

    30 April 2022

    Incorrect Answer
    Explanation:

    Here’s what the Union Budget 2022-23 actually did for startup tax incentives:

    - The budget extended the *period for startups to avail the tax holiday* under Section 80-IAC. This means startups get more time to opt for a tax break.

    - The extension went from 31 March 2022 to 31 March 2023.

    - Any recognized startup incorporated before 31 March 2023 could apply for this incentive.

    - None of the other dates—31 August 2022, 30 April 2022, 31 December 2024, or 30 September 2025—were proposed in the Budget for this purpose.

    Correct Answer:

    Option: 4 — 31 March 2023

    By: Parvesh Mehta
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