https://www.taxtmi.com/article/detailed?id=8959 Section 80-IAC provides a tax deduction for eligible start-ups for a limited set of assessment years but restricts eligibility to companies and LLPs, conditions access on turnover limits and certification, and requires claiming the deduction for three consecutive profitable years. The Finance Bill proposes to extend the window during which the deduction may be claimed and to raise the turnover threshold, yet these changes do not address deeper issues: complexity, profit based conditioning, exclusion of individuals and proprietorships, and burdensome administrative requirements that hinder the incentive's purpose. en-us Mon, 17 Feb 2020 08:18:21 +0530 Mon, 17 Feb 2020 08:18:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8959 Section 80-IAC provides a tax deduction for eligible start-ups for a limited set of assessment years but restricts eligibility to companies and LLPs, conditions access on turnover limits and certification, and requires claiming the deduction for three consecutive profitable years. The Finance Bill proposes to extend the window during which the deduction may be claimed and to raise the turnover threshold, yet these changes do not address deeper issues: complexity, profit based conditioning, exclusion of individuals and proprietorships, and burdensome administrative requirements that hinder the incentive's purpose. Articles Income Tax Mon, 17 Feb 2020 08:18:21 +0530 https://www.taxtmi.com/article/detailed?id=8959