Section 80-IAC amendment increases holding period and investment threshold for eligible startups under the Income-tax Act. Amendment to section 80-IAC increases the holding-duration term in subsection (2) and raises the numerical threshold in the Explanation clause (ii)(b), ... Summary
Section 80-IAC amendment increases holding period and investment threshold for eligible startups under the Income-tax Act.
Amendment to section 80-IAC increases the holding-duration term in subsection (2) and raises the numerical threshold in the Explanation clause (ii)(b), thereby expanding the qualifying limits that determine eligibility for the startup tax incentive; both changes are textual substitutions within the existing statutory framework.
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