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CA Jasmeet Singh

In God We Trust, The... • 1d

🚀 Section 80-IAC: Tax Exemption for Startups! 💡 If you're a startup recognized by DPIIT, you can claim a 100% tax deduction on profits for 3 consecutive years out of the first 10 years! 🎉 📌 Eligibility: ✅ Incorporated as a Private Ltd. Co. or L

Havish Gupta

Figuring Out • 1d

Only If We Make Profits 😭😭

CA Jasmeet Singh

In God We Trust, The... • 1d

Definitely we will Brother 😄

Havish Gupta

Figuring Out • 1d

Yup 😁😎. Btw, the losses the start-ups or a company makes in the beginning are eligible to be carry forward to get tax breaks. right?

CA Jasmeet Singh

In God We Trust, The... • 1d

See the benefit of this Section is for 3 consecutive years. Hence no matter in case you have losses the exemption will be exhausted. But on the other hand. The Losses can be carried forward for the businesses.

Havish Gupta

Figuring Out • 1d

understood thanks

0 replies1 like

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