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flag India grants tax exemptions to 187 startups, boosting innovation and economic growth.

flag The Indian government has granted income tax exemptions to 187 startups under the revamped Section 80-IAC, allowing a 100% tax deduction on profits for three consecutive years within ten years of incorporation. flag Since the scheme started, over 3,700 startups have benefited, aiming to support innovation, job creation, and economic growth. flag The eligibility now extends to startups incorporated before April 1, 2030, with applications reviewed more efficiently within 120 days.

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