TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2022: Extends Start-up Tax Exemption Deadline to March 31, 2023, u/s 80-IAC Due to COVID-19 Delays.</h1> The Finance Bill, 2022 proposes an amendment to section 80-IAC of the Income Tax Act, extending the incorporation deadline for eligible start-ups to qualify for tax exemptions. Originally, start-ups had to be incorporated between April 1, 2016, and March 31, 2022, to benefit from a 100% deduction on profits for three out of ten assessment years, provided their turnover does not exceed 100 crore rupees and they hold certification from the Inter-Ministerial Board. Due to COVID-19-related delays, the incorporation deadline is extended to March 31, 2023, effective from April 1, 2022, applicable for the 2022-23 assessment year onward.
TaxTMI 
