https://www.taxtmi.com/acts?id=32029 The Explanation to section 80 IAC is amended: clause (i) now defines eligible business as a business by an eligible start up engaged in innovation, development or improvement of products, processes or services, or a scalable business model with high potential for employment generation or wealth creation; clause (ii) replaces the figure "2019" with "2021" and substitutes the multi year phrase with "in the previous year relevant to the assessment year for which deduction under sub section (1) is claimed", altering the temporal eligibility reference for the deduction. en-us Mon, 19 Mar 2018 14:48:15 +0530 Mon, 19 Mar 2018 14:48:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32029 The Explanation to section 80 IAC is amended: clause (i) now defines eligible business as a business by an eligible start up engaged in innovation, development or improvement of products, processes or services, or a scalable business model with high potential for employment generation or wealth creation; clause (ii) replaces the figure "2019" with "2021" and substitutes the multi year phrase with "in the previous year relevant to the assessment year for which deduction under sub section (1) is claimed", altering the temporal eligibility reference for the deduction. Act-Rules F. Acts / Amendment Acts Mon, 19 Mar 2018 14:48:15 +0530 https://www.taxtmi.com/acts?id=32029