Section 80IAC - Page 2

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....

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Posted Under: Income Tax |

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...

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Posted Under: Income Tax |

Benefits for start-ups under income tax act

Startup India is a flagship initiative of the Government of India which launched on 16th January, 2016, the Startup India Initiative has rolled out several programs with the objective of supporting entrepreneurs, building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers. These program...

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Posted Under: Income Tax |

Startup Registration With DPIIT, Section 80IAC & other tax exemption

In this Editorial the author shall elaborate the procedures for registration of an entity under ‘Startup India’, an initiative by the Government of India launched in January 2016. Through this scheme, the government is looking forward to driving sustainable economic development and enhance employment opportunities in India.  ...

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Posted Under: Income Tax |

Formation of Start up in India | Definition & Tax Benefits

Start up is the policy measure of the government of India, Ministry of Commerce and Industry to give stimulus and boost to the Innovative Talents to set up the business. These start up needs to get registered with Department of Industrial Policy and Promotion (DIPP) which will grant them a certificate, if all the conditions […]...

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Posted Under: Income Tax |

Start-up Recognition | Section 80IAC Tax Deduction | FAQs

A startup is a company or project initiated by an entrepreneur to seek, effectively develop,and validate a scalable business model. STARTUP A startup is a company or project initiated by an entrepreneur to seek, effectively develop, and validate a scalable business model. While entrepreneurship refers to all new busines...

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Posted Under: Income Tax |

Tax Exemption for Startups Entity under section 80-IAC & Angel Tax Exemption (After Union Budget 2020)

Tax Exemption for Startups Entity under section 80-IAC & Angel Tax Exemption (After Union Budget 2020) Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. Since the launch of the initiative on 16...

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Posted Under: Income Tax |

Carry forward & set off of losses when changes in shareholding takes place

The existing provisions of section 79 of the Act, inter-alia provides that where a change in shareholding has taken place in a previous year in the case of a company, not being a company in which the public are substantially interested,...

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Posted Under: Income Tax |

Period & Turnover for eligibility of section 80-IAC deduction for start-ups

Increasing the time period and Turnover for eligibility of section 80-IAC for start-ups Rationalization of provisions of start-ups. The existing provisions of section 80-IAC of the Act provide for a deduction of an amount equal to one hundred per cent of the profits and gains derived from an eligible business by an eligible start-up for [...

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Posted Under: Income Tax |

Decoding the Lesser Talked About Nuances of Finance Bill 2020

First prima-facie impression and euphoria of the Union Budget 2020, especially the Finance Bill 2020, appeared to be of one a taxpayer-pro budget, with the Queen (Read FM), giving copiously to her masses. But is this euphoria for a real?...

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Posted Under: Income Tax |

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