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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Extension of date of incorporation for eligible start-up for ...


Deadline for 100% Profit Deduction u/s 80-IAC Extended: Startups Must Incorporate by April 1, 2024.

February 2, 2023

Notes     Income Tax

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 such startups has been incorporation before 1st day of April 2024 (instead of 1.4.2023)

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