Startup: Over 400 entrepreneurs seek tax benefits

New Delhi:  Over 400 budding entrepreneurs have filed applications with the Department of Industrial Policy and Promotion (DIPP) for recognition as innovative startups to avail tax breaks and other benefits. An inter-ministerial committee, which assessing such applications, has already considered 189 requests and out of that 148 applicants have been asked to properly attach relevant documents and 10 applications have been rejected as there was no innovation involved in that, an official said.