Insertion of new section 80-IAC - provides 100% deduction of ...

Act Rules Bill

March 1, 2016

Insertion of new section 80-IAC - provides 100% deduction of the profits and gains derived by an eligible start-up from a business involving innovation, development, deployment or commercialisation of new products, processes or services driven by technology or intellectual property. The benefit of deduction of hundred per cent. of the profit derived from such business can be availed by an eligible start-ups for three consecutive assessment years out of five years, at the option of the assessee, subject to incorporation before 1st day of April, 2019.

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Insertion of new section 80-IAC - provides 100% deduction of ...

Act Rules Bill

March 1, 2016

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Extension of date of incorporation for eligible start-up for exemption - For 100% deduction on profit of eligible start-up business u/s 80-IAC will be available where...

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