Biz Formation

The Government has just approved over 180 companies to get a 3 year benefit of Zero Tax under section 80IAC, and this is how your company can get it too...

This section offers companies a consecutive 3 year tax free window in any of the first 10 years of their operations...

Earlier, the way the startups were evaluated for this tax break was vague, but now the government has clarified the method of evaluation, and this is the process to follow:

1/ Business has to be a private limited or an LLP registered on the Startup India website and less than 10 years old, and have a turnover less than Rs 100 crores

2/ You have to show that your business is using innovation, technology to create new products or processes, and has the potential to generate huge scale employability in the nation, and create wealth for all stakeholders

Over 3700 startups have got this registration, and the govt has mandated for approvals to be given within 120 days of the application made.

The government has said that startups which were not approved earlier can also apply again.

God Shiv baba has arrived on earth
Gives message that its a transformation period from Kalyug to Satyug.