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Startups and Small Businesses Can Benefit from Section 80IAC
Manage episode 354701180 series 3213955
Innehåll tillhandahållet av shyam singh and Shyam singh. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av shyam singh and Shyam singh eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
Section 80IAC of the Income Tax Act of 1961 is crucial for new and small businesses who wish to take advantage of tax incentives. Profits earned during any one of the ten assessment years are eligible for deduction. The deduction applies if the earnings are generated by an eligible business. There is a maximum deduction of Rs. 7 lakh that can be claimed under this clause in the current assessment year 2023–24. A thorough understanding of this section is crucial for understanding its benefits and ramifications. We are also offering tax benefits under section 80IAC to startups and small businesses in some cases. https://www.articleted.com/article/593050/12648/Tax-Benefits-of-Section-80IAC-for-Startups--amp;-Small-Business
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