How much exemption can employees claim as per section 80 IAC
kindly reply
Menu
U/s 80 IAC how much exempt for employees
Replies (1)
Section 80-IAC is a corporate tax exemption meant strictly for eligible startups, allowing them to deduct 100% of their profits for 3 years. Individual employees cannot claim deductions under this section. However, employees of such startups can benefit from deferred tax on ESOPs under Section 192(1C).
Recent Topic
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
- Fee received as Independent Director
- Correct way to show income from annuity in ITR
- ITR 3 issues
- What after death of proprietor
- TDS paid under old regime instead of new
Related Topics
CAclubindia
