https://www.taxtmi.com/news?id=22266 Recognized startups may claim a profits deduction under Section 80 IAC after DPIIT recognition and Inter Ministerial Board validation, file prescribed declarations to exempt share premium receipts from income taxation, reinvest long term capital gains into notified funds for exemption, and utilise amended capital gains reinvestment reliefs into startup equity with relaxed shareholding requirements; a SIDBI managed Fund of Funds provides committed capital to SEBI registered AIF daughter funds which invest in startups rather than direct FFS investment. en-us Wed, 11 Dec 2019 15:04:28 +0530 Wed, 11 Dec 2019 15:04:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22266 Recognized startups may claim a profits deduction under Section 80 IAC after DPIIT recognition and Inter Ministerial Board validation, file prescribed declarations to exempt share premium receipts from income taxation, reinvest long term capital gains into notified funds for exemption, and utilise amended capital gains reinvestment reliefs into startup equity with relaxed shareholding requirements; a SIDBI managed Fund of Funds provides committed capital to SEBI registered AIF daughter funds which invest in startups rather than direct FFS investment. News - Wed, 11 Dec 2019 15:04:28 +0530 https://www.taxtmi.com/news?id=22266