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I can explain Section 80-IAC
Income-tax deduction for eligible recognised startups.
Section 80-IAC of the Income-tax Act can allow eligible DPIIT-recognised startups to claim a deduction of profits for a limited number of years, subject to conditions and approvals.
Sticky trick
Take CA advice - eligibility and timelines are technical.
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In plain English, what is Section 80-IAC?
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