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SECTION 80 IAC
Budget 2026: FinMin shares status of key direct tax reforms for investors, startups and aam aadmiIndia's government has finalized key direct tax reforms to boost investment and simplify compliance. Measures include clarified taxation fo...- As many as 6,385 recognised startups categorised as 'closed' as on Oct 31: Commerce MinistryAs of October 31, 6,385 recognized startups have been categorized as closed, according to Ministry of Corporate Affairs data. Maharashtra r...
- DPIIT nod to 187 startups for income tax exemption under revamped Section 80-IAC: GovtThe Department for Promotion of Industry and Internal Trade (DPIIT) has approved 187 startups for income tax exemptions under Section 80-IA...
- Definition of startup for tax sop to be amendedThe government has proposed to amend the definition of “eligible startup” under the Startup India scheme to get a tax holiday, to one that ...
- Parliamentary panel recommends relaxation in criteria for recognised startups to avail tax benefitsThe department-related Parliamentary Standing Committee on Commerce has expressed concern about the low utilisation of section 80-IAC of th...
- New tax regime 2023: List of tax deductions, exemptions not availableHere's a list of the main exemptions and deductions that taxpayers will have to forgo if they opt for the new regime.
- Comparison of new income tax regime with old tax regimeThe new tax regime effective from April 1, 2020, co-exists with the old/existing tax regime. The new tax regime offers lower, concessional ...
- Budget 2023 needs to do this to make ESOPs more attractive for employeesThe government in Budget 2020 eased the taxation of Employees Stock Options or ESOPs. However, the current income tax laws concerning taxat...
- Tax deductions, exemptions not available in new tax regimeHere is the list if tax deductions and exemptions that one cannot claim if he/she opts for new tax regime for a particular financial year.
- Startups get tax holiday for one more year in Budget 2021The government has also proposed in the Union Budget 2021-22 incorporation of one-person companies, a move which will directly benefit the ...
- Budget 2021: Startup hopes ride on big spends elsewhereDespite the dismay over unmet demands, startups were enthused by the prospect of indirect benefits that may accrue from big-ticket spending...
- View: Budget 2021 to simplify compliance with a digital pushOn the income tax front, Budget 2021 focused mainly on simplifying compliance; highlights being an increase in the tax audit limit for smal...
- ESOP tax sops not for all startups on DPIIT list, says CBDTIn her budget speech on February 1, Finance minister Nirmala Sitharaman had announced that employees at startups exempt under Section 80-IA...
- Many to miss out on ESOP reliefESOPs only apply to about 200 startups recognised by the inter-ministerial board.
- Budget 2020 proposes to ease employees taxation burden, but many to miss out on ESOP reliefESOPs are currently taxed when they become eligible for allotment, which puts financial burden on employees as they may not be able to sell...
- Small startups may not get promised tax holidayStartups exceeding the turnover threshold of Rs 25 crore stand to lose out on the tax holiday.
- Small startups with turnover up to Rs 25 cr to get promised tax holiday: CBDTThe turnover limit for small startups claiming deduction is to be determined by the provisions of Section 80-IAC of the I-T Act and not fro...
- More startups may get tax exemptionsThe move follows encouraging signs from the government decision to simplify the rules for angel tax exemption, with 508 startups already be...
- DPIIT working on definition of Accredited Investors for Angel Tax exemptionThe accredited investors may get exemption from angel tax under Section 56(2)(viib) of Income Tax Act, 1961, beyond the Rs 25 crore limit.
- Tax provisions startups must knowStartups formed as private limited companies, limited liability partnerships (LLPs), one person company (OPC) and registered partnership fi...
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