Learn the ins and outs of bootstrapping in startup funding. Discover how entrepreneurs build their businesses from their own sources.
There are very few eligible startups which are allowed to claim deduction under section 80IAC by ministry. Hence the startup must use this tax exemption wisely. Before filling Income Tax return (ITR) and claiming deduction under section 80IAC, the startup must keep following points in mind. Otherwise, it may result in disallowance of deduction and increase […]
The Union Cabinet has approved government guarantee of Rs. 30,600 crore for Security Receipts issued by National Asset Reconstruction Company (NARCL) as part of bad debt resolution will be valid for five years. The Government of India incorporated two companies namely National Asset Reconstruction Company Ltd. (NARCL) and India Debt Resolution Company Ltd. (IDRCL) National […]
Section 80JJAA of the Income Tax Act was created to encourage firms to hire new employees on a regular basis. Section 80JJAA deduction is for the recruitment of new or additional employees. Section 80JJAA DEDUCTION: 30% of additional employee cost for three years. ELIGIBILITY for Section 80JJAA Deduction: Applicable to all Assessees having business income. […]
