Income Tax : The eligibility period for startup tax exemption has been extended to March 31, 2030. Startups must meet DPIIT and compliance cond...
Income Tax : Learn the rules for set off and carry forward of income tax losses in India. Covers intra-head and inter-head adjustments, restric...
Income Tax : Eligible Indian startups can get 100% income tax exemption for 3 years under Section 80-IAC. Learn eligibility, DPIIT recognition,...
Income Tax : Indian startups can claim 100% income tax exemption for three consecutive years within their first decade. Learn about DPIIT recog...
Income Tax : DPIIT's Startup Recognition Program offers benefits like tax exemptions (80IAC), funding access, IP protection, and compliance eas...
Income Tax : On August 5, 2024, it was clarified in the Lok Sabha that there are no specific tax incentives or waivers currently in place for t...
Income Tax : 4 Major Tax Exemptions to Startups includes Income Tax Exemption on profits under Section 80-IAC of Income Tax (IT) Act, Tax Exemp...
Income Tax : The Finance Act, 2017 amended section 79 to provide that where a change in shareholding has taken place in a previous year in the ...
Income Tax : The Tribunal held that non-filing of Form 10CCB along with return is a curable defect. A genuine start-up cannot be denied deducti...
Income Tax : ITAT Delhi rules that delay in uploading Form 10CCB is procedural, not substantive. Start-ups can claim 80IAC deduction if the aud...
Income Tax : ITAT Pune rules in favor of Roshan A Kudalkar, rejecting tax additions based on closing stock discrepancies and allowing the claim...
Income Tax : ITAT Pune held that delay in filing audit report in Form 10CCB due to technical problem is justifiable and hence denial of claim u...
Income Tax : ITAT Mumbai held that initiation of revisionary proceedings u/s 263 of the Income Tax Act justified as assessment order was passed...
Income Tax : The Central Board of Direct Taxes (CBDT) has clarified today that small start-ups with turnover upto Rs. 25 crore will continue to...
The eligibility period for startup tax exemption has been extended to March 31, 2030. Startups must meet DPIIT and compliance conditions to claim benefits.
The Tribunal held that non-filing of Form 10CCB along with return is a curable defect. A genuine start-up cannot be denied deduction under Section 80-IAC merely on procedural grounds.
ITAT Delhi rules that delay in uploading Form 10CCB is procedural, not substantive. Start-ups can claim 80IAC deduction if the audit is completed on time and filed before assessment completion.
Learn the rules for set off and carry forward of income tax losses in India. Covers intra-head and inter-head adjustments, restrictions on capital and speculative losses, carry forward periods, and rules for unabsorbed depreciation.
Eligible Indian startups can get 100% income tax exemption for 3 years under Section 80-IAC. Learn eligibility, DPIIT recognition, and application process.
Indian startups can claim 100% income tax exemption for three consecutive years within their first decade. Learn about DPIIT recognition, eligibility, application process, and additional benefits for early-stage growth.
DPIIT’s Startup Recognition Program offers benefits like tax exemptions (80IAC), funding access, IP protection, and compliance ease to Indian startups.
ITAT Pune rules in favor of Roshan A Kudalkar, rejecting tax additions based on closing stock discrepancies and allowing the claim under Section 80IAC.
ITAT Pune held that delay in filing audit report in Form 10CCB due to technical problem is justifiable and hence denial of claim under section 80IAC of the Income Tax Act not justified. Accordingly, order set aside to AO to consider audit report.
Section 80-IAC is amended to extend 100% profit deduction for eligible start-ups incorporated until April 1, 2030, effective from April 1, 2025.
