Section 80IAC articles

Availed Startup Benefits?

I. Introduction What qualifies as a “Start-up” under the Start-up India Scheme? An entity shall be eligible to apply for Start-up Registration if: 1. It is incorporated as a Pvt Ltd Company or registered partnership firm or LLP. 2. Up to ten years from the date of its incorporation/registration 3. Turnover for any of the [&hel...

Read More
Posted Under: Corporate Law |

Tax benefits available for Startups

The Startup should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership. Turnover should be less than INR 100 Crores in any of the previous financial years since incorporation....

Read More
Posted Under: Corporate Law |

Date of incorporation extension for start up for section 80-IAC exemption

Proposed Extension of date of incorporation for eligible start up for exemption and for investment in eligible start-up under Finance Bill 2021 The existing provisions of the section 80-IAC of the Act, inter alia, provides for a deduction of an amount equal to hundred percent of the profits and gains derived from an eligible business [&he...

Read More
Posted Under: Corporate Law |

How to claim Section 80IAC Exemption under Income Tax Act, 1961

Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovat...

Read More
Posted Under: Corporate Law |

Startup Recognition & Tax Exemption

Startup Recognition & Tax Exemption Under the Startup India Action Plan, startups that meet the definition as prescribed under vide G.S.R. 127(E) dated 19th February, 2019 are eligible to apply for recognition under the program. The Startups have to provide supporting documents, at the time of application. Eligibility Criteria for Sta...

Read More
Posted Under: Corporate Law |

Start-ups: Registration, benefits & lower income tax rate of 15%

This article explains meaning of Eligible start-up, process of recognition of an entity as eligible start-up, various benefits available to a startup and related procedural & legal aspects Section/ Notification Provision Explanation (i) & (ii) to section 80-IAC Read with Notification dt. 19 Feb. 2019       “El...

Read More
Posted Under: Corporate Law |

Valuations and Taxation aspects for Start-Up

VALUATION OF SHARES FOR COMPANY REGISTERED UNDER STARTUP INDIA WITH MINISTRY OF COMMERCE & INDUSTRY: – Valuation of equity shares is generally required for regulatory or financial reporting purposes for a business. In valuation of shares, the underlying asset is the business and per share value is calculated to arrive at the fin...

Read More
Posted Under: Corporate Law |

Startup And Sweat Equity Shares

Startup: Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities. Who can be registered as Startup? Private Limited Company Registered Partnership Fi...

Read More
Posted Under: Corporate Law |

Eligibility, Tax exemptions & Incentives to Startup

Under the Startup India Action Plan, startups that meet the definition as prescribed under G.S.R notification 127(E) are eligible to apply for recognition under the program. If the startup falls under the criteria of Eligible Startup then it will be eligible to avail exemptions and benefits as mentioned in above notification....

Read More
Posted Under: Corporate Law |

Recognition and Benefits for Startups including Tax Benefits

Startup India Scheme is an initiative by the Government of India under leadership of Mr. Narendra Modi for generation of employment and wealth creation. The goal of Startup India is to develop and innovate products and services and increase the employment rate in India. To promote growth and help Indian economy, many benefits are being g...

Read More
Posted Under: Corporate Law |

Browse All Categories

CA, CS, CMA (5,693)
Company Law (7,674)
Custom Duty (8,724)
DGFT (4,627)
Excise Duty (4,527)
Fema / RBI (4,816)
Finance (5,187)
Income Tax (38,465)
SEBI (4,134)
Service Tax (3,782)

Search Posts by Date

September 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930