https://www.taxtmi.com/news?id=19551 Availability of deduction under Section 80-IAC is extended and qualifying conditions modified: an eligible start-up may claim the deduction for three consecutive assessment years within a specified post incorporation window, subject to a turnover ceiling assessed across seven previous years commencing from the start up's date of incorporation, and subject to engagement in qualifying business activity (innovation, development or improvement of products, processes or services, or scalable business models with high potential for employment generation or wealth creation). The amendments apply from the start of the fiscal year and to the relevant assessment year and onward. en-us Mon, 05 Feb 2018 11:04:39 +0530 Mon, 05 Feb 2018 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19551 Availability of deduction under Section 80-IAC is extended and qualifying conditions modified: an eligible start-up may claim the deduction for three consecutive assessment years within a specified post incorporation window, subject to a turnover ceiling assessed across seven previous years commencing from the start up's date of incorporation, and subject to engagement in qualifying business activity (innovation, development or improvement of products, processes or services, or scalable business models with high potential for employment generation or wealth creation). The amendments apply from the start of the fiscal year and to the relevant assessment year and onward. News - Mon, 05 Feb 2018 11:04:39 +0530 https://www.taxtmi.com/news?id=19551