*DPIIT Approves 187 Startups for Income Tax Exemption!* ➣ The Department for Promotion of Industry and Internal Trade (DPIIT) has approved 187 startups for income tax exemption. ➣ This exemption is granted under the revised Section 80-IAC of the Income Tax Act. ➣ The move aims to support and encourage the growth of the startup ecosystem in India. ➣ These startups meet the eligibility criteria for tax benefits. ➣ This initiative provides financial relief and incentivizes innovation. ➣ It reflects the government's ongoing commitment to fostering a thriving startup environment. ➣ The exemptions will help these startups reinvest and scale their businesses. Read more: https://egov.eletsonline.com/2025/05/dpiit-approves-187-startups-for-income-tax-exemption-under-revised-section-80-iac/