Amendment to startups tax deduction provision extends the applicable terminal year under section 80-IAC regime. Amendment replaces the prescribed terminal year in the Explanation to section 80-IAC of the Income-tax Act by substituting the figure in clause (ii), ... Summary
Amendment to startups tax deduction provision extends the applicable terminal year under section 80-IAC regime.
Amendment replaces the prescribed terminal year in the Explanation to section 80-IAC of the Income-tax Act by substituting the figure in clause (ii), sub-clause (a), thereby altering the statutory reference to the terminal year used for the provision's applicability.
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