1. What is Section 80 IAC of the Income Tax Act for Startup Tax Exemption? Section 80-IAC is a benefit offered by Central government to eligible startups by way of providing tax deduction of an amount equal to 100 percent of the profits and gains derived from eligible business. 2. What is the quantum
In continuation of our Series on various important terms used in Start-up , here we are sharing our series-2 comprising of important terms used by industry and vital for any startup to model their business accordingly. S. No. Startup Term Meaning 11 Churn It means that every month or quarter or whatever period for which
Department for Promotion of Industry and Internal Trade (DPIT) vide its Notification No GSR 127(E) dated 19th February 2019 notify the Startup India Scheme. MINISTRY OF COMMERCE AND INDUSTRY (Department for Promotion of Industry and Internal Trade) NOTIFICATION New Delhi, the 19th February, 2019 G.S.R. 127(E).— This notification is being issued in supersession of the
