The government reconstitutes an inter-ministerial board to review applications from startups for tax reliefThe benefit under section 80IAC allows startups with up to ₹25 crore in sales to deduct their entire income from eligible operations while calculating taxable income
2 min read30 May 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared