TMI BlogAmendment of section 80-IAC.X X X X Extracts X X X X X X X X Extracts X X X X ..... ged in innovation, development or improvement of products or processes or services or a scalable business model with a high potential of employment generation or wealth creation; ; (b) in clause (ii), (i) in sub-clause (a), for the figures 2019 , the figures 2021 shall be substituted; (ii) in sub-clause (b), for the words, figures and letters previous years beginning on or after the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... osed to amend the said section so as to provide that deduction under the said section shall be available to an eligible start-up, if it is incorporated on or after the 1st day of April, 2016 but before the 1st day of April, 2021; the total turnover of its business does not exceed twenty-five crore rupees in any of the seven previous years beginning from the year in which it is incorporated. It ..... X X X X Extracts X X X X X X X X Extracts X X X X
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