Friday, 24 March 2023 / Published in Income Tax, CBDT, DPIT, Startup India

FAQs on Tax benefits for Start-ups in India – Sec 80 IAC of the Income Tax Act

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