- 6388 Views
- 05 Feb 2020
- Abhishek Sharma
- Articles, Budget, Income Tax, TDS, Tax Audit, Audit, Registration, Startups,
KEY HIGHLIGHTS 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 three consecutive assessment years out of seven years, at the option of the assessee, subject to the condition that the eligible start-up is incorporated on or aft......