India to come up with new 'startup' definition, to offer tax breaks & simplify compliance norms

India to come up with new 'startup' definition, to offer tax breaks & simplify compliance norms

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India is working on a fresh definition for startups that will make them eligible for tax benefits and simple compliance rules, ahead of Prime Minister Narendra Modi‘s Start Up India, Stand Up India action plan, slated for a launch on January 16, according to a report in The Economic Times.

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