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Section 80IAC

Latest Articles


Section 80IAC-  Tax Holidays for Startups recognized by DPIIT

Income Tax : Discover how startups can benefit from tax holidays under Section 80-IAC recognized by DPIIT. Learn eligibility, benefits, and the...

March 5, 2024 1683 Views 0 comment Print

Empowering Innovation: Unveiling the Potential of Startup Culture in India

Finance : Explore transformative journey of Startup India, catalyzing innovation and economic growth. Learn about eligibility, benefits, and...

January 11, 2024 345 Views 0 comment Print

Unlocking Economic Potential: A Deep Dive into Tax Holidays

Income Tax : Discover the benefits and workings of tax holidays, their impact on foreign investment, economic activities, and the key sections ...

January 3, 2024 762 Views 0 comment Print

Tax Illusion: Unraveling the Reality of Startup Deductions

Income Tax : Explore reality of startup deductions & Tax Illusion they create in Indian economy with Startup India Initiative. Discover dedicat...

December 10, 2023 2772 Views 0 comment Print

Tax benefits for Start-ups in India: Section 80-IAC of Income Tax Act,1961

Income Tax : Startups in India can reap tax benefits from Section 80-IAC of Income Tax Act. Learn more about FAQs on tax incentives for startup...

November 22, 2023 13824 Views 0 comment Print


Latest News


4 Major Tax Exemptions to Startups

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...

December 11, 2019 5919 Views 0 comment Print

Sec. 79 Carry forward and set off of loss in case of eligible startups: Provide further relaxation

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 ...

January 22, 2018 26028 Views 0 comment Print


Latest Judiciary


Revisionary proceedings u/s 263 justified as order passed without proper inquiry and verification

Income Tax : ITAT Mumbai held that initiation of revisionary proceedings u/s 263 of the Income Tax Act justified as assessment order was passed...

September 27, 2023 507 Views 0 comment Print

100% Section 80IAC deduction on Substantial Expansion after Expiry of 5 Years of setting up of new industry

Income Tax : Spinks Impex Vs ITO (ITAT Delhi) Hon’ble Apex court in the matter of PCIT vs. Aarham Softronics [2019] 102 com 343 (SC), pronoun...

July 10, 2022 1017 Views 0 comment Print

Hiring of certain machineries from sister concern not amounts to transfer for Section 80J(4)(ii)

Income Tax : The decision of the Hon'ble Supreme Court in Bajaj Tempo Ltd. (supra), was followed in CIT vs.Nayyars Minerals Export (P.) Ltd. re...

September 5, 2021 846 Views 0 comment Print

Section 80IAC deduction allowable on sale of scrap

Income Tax : ACIT Vs Finolex Cables Limited (ITAT Pune) The solitary issue involved in the appeal of the Revenue for A.Y. 2012-13 relating to t...

December 5, 2020 2073 Views 0 comment Print


Latest Notifications


CBDT issues clarification on eligibility of small Start-ups to avail tax holiday

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...

August 22, 2019 1980 Views 0 comment Print


Sec. 79 Carry forward and set off of loss in case of eligible startups: Provide further relaxation

January 22, 2018 26028 Views 0 comment Print

The Finance Act, 2017 amended section 79 to provide 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 and being an eligible start-up as referred to in section 80-IAC of the Act

Carry forward & set off of loss of eligible start-ups; Further relaxation needed: ICAI

March 1, 2017 1731 Views 0 comment Print

The Finance Bill, 2017 proposes to amend section 79 to provide 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 and being an eligible start-up as referred to in section 80-IAC of the Act

Budget 2017: Adding more pace in the Start-Up Space

February 15, 2017 3708 Views 3 comments Print

The budget 2017 has proposed changes to the tax legislation which aims to further incentivize the start-up companies. This article aims to provide an insight to some of the significant tax proposals having an impact in the start-up segment.

38 Important Amendment in brief Income Tax : Finance Bill 2016

March 5, 2016 11095 Views 3 comments Print

.e.f 1st June 2016 in order to curb black money , the Seller of any goods or services have to collect Tax collected at source (TCS) @ of 1% from the buyer if the mode of payment is by cash on the following : – On sale of Motor Vehicles, the value of which is exceeding 10 Lakhs. On sale of any Goods except bullion & Jewellery the value of which is exceeding 2 Lakhs

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