Startup recognition and deduction u/s 80-IAC and exemption u/s 56(2)(VIIB) of the act

| Last updated: 24 April 2024

Points to Remember Introduced 1 April 2017 Benefits Section 80-IAC allows eligible startups to claim 100% tax deductions for any three consecutive years. Eligibility Company must be incorporated between March 31, 2016, and April 1, 2025. LLP o
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CA Varsha Nanwani

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Taxation Manager

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