Your start can enjoy a tax holiday u/s 80IAC of Income Tax Act 1961, if approved by DPIIT and IMB

Introduction

A DIPP recognized Startup shall be eligible to apply to the Inter-Ministerial Board for full deduction on the profits and gains from business.

Provided the following conditions are fulfilled:
A private limited company or a limited liability partnership, Incorporated on or after 1st April 2016 but before 1st April 2021, and Start-up is engaged 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.

Have a Question?

Your message succesfully sent!
Opps! There is something wrong. Please try again