Start
Ups.
·
Section 80-IAC has been proposed to be
amended to provide that deduction to an eligible start-up shall be available
for a period of 3 consecutive assessment years out of 10 years. Earlier, this
deduction was available for 3 consecutive financial years out of first 7 years.
Further, the turnover limit for claiming such exemption has been proposed to
raised to Rs. 100 crore which was earlier Rs. 25 crore.
·
Deduction of tax from perquisite arising
on the allotment of shares, under ESOP to an employee of a Start-up, shall be
proposed to be made at the time of happening of any of the following events:
(i)
On
expiry of 4 year from the end of the Assessment year in which ESOP are
exercised;
(ii)
At
the time the employee leaves the organization
(iii)
At
the time of sale of shares allotted under ESOP
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