https://www.taxtmi.com/acts?id=20427 A new provision allows a deduction equal to one hundred per cent of profits and gains derived by an eligible start-up from an eligible business for three consecutive assessment years, claimable at the option of the assessee for any three consecutive years within five years from incorporation. The provision applies only to businesses involving technology or IP-driven innovation, to start-ups incorporated within the prescribed window with turnover below the specified threshold, and to those holding a certificate from the Inter-Ministerial Board of Certification, while excluding entities formed by splitting up or by transfer of previously used domestic machinery except as explained. en-us Mon, 29 Feb 2016 16:38:38 +0530 Mon, 29 Feb 2016 19:30:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20427 A new provision allows a deduction equal to one hundred per cent of profits and gains derived by an eligible start-up from an eligible business for three consecutive assessment years, claimable at the option of the assessee for any three consecutive years within five years from incorporation. The provision applies only to businesses involving technology or IP-driven innovation, to start-ups incorporated within the prescribed window with turnover below the specified threshold, and to those holding a certificate from the Inter-Ministerial Board of Certification, while excluding entities formed by splitting up or by transfer of previously used domestic machinery except as explained. Act-Rules Bill Mon, 29 Feb 2016 16:38:38 +0530 https://www.taxtmi.com/acts?id=20427