Wednesday , February 26 2020
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CBDT issues clarification on eligibility of small Start-ups to avail tax holiday

CBDT further clarified that all the start-ups recognised by DPIIT which fulfilled the conditions specified in the notification did not automatically become eligible for deduction under Section 80-IAC of the Act.

CBDT dispelled the confusion created by some media report claiming discrepancy that the I-T law was yet to reflect DPIIT’s higher turnover threshold of Rs. 100 crore.