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🚀 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

Only If We Make Profits 😭😭

Definitely we will Brother 😄

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?

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.