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Economic Times

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Image Credit: Economic Times

Recognised startups eligible for various tax exemptions, deductions: I-T department

  • DPIIT recognised startups are eligible for various tax exemptions and deductions.
  • Investments made in recognised startups are eligible for benefits and are not subject to scrutiny.
  • Startups meeting the necessary conditions can avail full angel tax concession on investments worth up to Rs 25 crore.
  • The income tax department has relaxed the definition of startups to provide these tax concessions.

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