Taxmann's Taxation of Start-ups & Investors by Taxmann

Contents E G A P

Start-up Reckoner 1 - Eligibility reckoner for tax holiday u/s 80-IAC

I-35

Start-up Reckoner 2 - Turnover-limit linked compliances/ exemptions for start-up which is a private company

I-58

Start-up Reckoner 3 - Turnover-limit linked compliances/ exemptions for start-up which is a limited liability partnership

I-61

Start-up Reckoner 4 - Turnover-limit linked compliances/ exemptions for start-up which is a traditional/general partnership firm

I-63

Start-up Reckoner 5 - Tax Benefits Available to DPIIT-Recognised Start-up Private Limited Companies based on their Turnover

I-67

Start-up FAQs

I-69

e m e h c s a i d n I p u t r a t S

1.6

a i d n I p u t r a t s ‘ r e d n u s p u t r a t s d e s i n g o c e r o t ’ se t i f m e e nh ec Bs

1.7

f o e v i t c e p s e r r i s p u t r a t s r o f e l b a l i a v a en r o a i t i sn t i g f e o nc ee br T tI a I hP WD

1.5

s ci t ef Re n -e Tb Id I P n Da s ft o i f se e n s oe pb rx ua pt ee hme t o m rc e on h f c ’is g p una i i n t d i r a n a t I t b s p ‘ u for o t o r nf a ons t i t r o i i n t e i i d f n e gn Do u

1.4

s p u t r a t s d n a ’ s p i h s r u e n e r p e r t n e ‘ n e e w t e b n o i t c n i t s i D

1.3

p u t r a t S

1.2

p o r d k c a B

1.1

WHAT IS A START-UP

I-5

2 2

3 3 10

S T N E T N O C

E G A P

2.4

17 2.5

a o t ? tn c o At i a Er t Ms i Sg Me eR hm t a ry e dd nU ug n el i l i b f ap l i u a vt r aa t es r a e s sr i t i p f r e e nt en be tl l a a hm Ws

17 2.6

a? on t o i tt c a r At s Eg i Me SR Mm ea hy t d rU e g dn ni l ui f ep l b u at l i r a a vt as e es r i r a p sr t e i t f n e ne e bm u ti a d he Wm

18 2.7

el e hf i t o ft o p Cu At Ir a 0 t 8s r no of i t c y er s a s re s e dc ne un ye ab t di i ? l l o ln i hw o i t xt ,a ac r t t Ai s gxg na e i l tR i a vem ama oy rc d on U FI

2.8

sn po i ut i t n r i a f t e s d oE t M eS l b aM ce i l h p t py af s i et r a a s sy t e i f h e t nr ee bh t xe ah t -w e f mo os cs ne I l ? d t tr o a a n hg r eo Wr s E M S M s? a N d eM dN rn a i gn eo r i ei t bn lf i l i e wd sd pe us i t v r e a r t s e rh e t hr t e e hp s Wa

2.3

a o t ? tn c o At i a Dr t Es i Mg Se MR em ha t y rd e dU ng ui n l ef i l b p au l i a t r va at es r e a s i sr t p i f r e e nt en be o tr a c hi Wm a d n a E M S M n a n e e w t e b e c n e r e f f i d l a g e l e h t ? sp i u tt a r ha t Ws

2.2

s dt nf i ae n Ee Mb S M s fd o l r no ow i t i e n h? i t f N e hS dt L eos hba t fl o l yt e f s s w i e t s ba a s et hc et s i tA r peD rgE e d t nM n eaS npM u r ae t d nr a at n Cs u s t i f e n e b l i a v a o t s E M S M s a ? r6 e t 0 s 0 i 2 g et , r nc aA cD s pE uM t S r a M t s e rh e t hr t e e d hn Wu

WHAT IS THE CRITERIA FOR RECOGNITION OF START-UPS BY DPIIT

T? Is I t P i f De n ne i a b t b x ot a oe t m po uc t n r i a s t s u o yi r ba tv e n mi a et bb to s o ut md n aa i r n e o t i i t r i c n tg a o hc e Wr

3.3

o t s a s e n i l e d i u G d e s i v e R e h t e? r p a u tt a r ha t Ws

f o n o i t i n g o c e R

3.4

e l b i g i l e s i a i d n I e d i s t ? u p ou dt er t a a t r os pa rs oa cn no i i t yi t n ig t n o ec ne ar T rI e I hP t D e hr o Wf

N S L e h t n i ’ p u t r a t s ‘ f o n o i t i n i f e d e h t s i t a h W

3.2

2.1-1

i.e.

3.1

11 2.1

I-6

DISTINCTION BETWEEN START-UPS AND MSMEs

E G A P

START-UPs ELIGIBLE FOR DPIIT-RECOGNITION

y b n o i t i n g o c e r r o f e l b i g i l e s e i t i t n e p u t r a t s e h t e r a ? T tI a I hP WD m r i F p i h s r e n t r a P d e r e t s i g e R

p i h s r e n t r a P y t i l i b a i L d e t i m i L y n a p m o C d e t i m i L e t a v i r P

x a t e m o c n i m o r f t n e i ? c i C f f L e P tr s oo mP L sL i yr t o i t F n eP fR o : w me ri ov f f ho t cn i h i o Wp

OPC AS A START-UP ENTITY

? y n a p m o C n o s r e P e n O a s i t a h W

y n a p m o c d e t i m ? i’ l p eu t a t vr i a r t ps a‘ )a Cd Pe r Oe (d yi ns an po mc oe Cb o nt oe sl r b e i Pi g el ne Od n sa I ? y n a p m o C e t a v i r P a C P O e h t s I

? C P O n a f o s e r u t a e f e h t e r a t a h W

5.5

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5.6

f i y a d o t y t i t n e p u t r a t s C P O n a e t a r o p r o c n? i s Ie Rh s Ni nw ao ns ae Ch

5.7

e t a r o p r o c n i ? ) s y e r t h n s ui ow co ns ge i e h r f oi f y ya nd ao ft o y nt et i z n i t ie c p ( ru e t nr ga i t e s r oC f aP nO an Ca

5.8

t r e v n o? cy In na ap cm no ec hi c l Wb .u 0 2p 0r 2o y 1 n 1 a np om Co Pc e Ot ya v mi r dp eo t t a n r oi p rC oP cO ny i Im

5.9

1y 2n 0a 2p m 4 o 1 c me ot ra f v t i c r ep f f o e t hi n t i wC eP l O b af co i l n p po ai s r ee r ? uvy dn eon cca o p rym pro eac htc n t i ul sl b i ou t v a hrp r oo Wf

5.10

fe i g Ca r Pe Ov oa t s n t i i fr l o e s / t d i tn r a e vs? nhs oke car nlo a0r c5c y 2 ns d ae s d pe e mc e oxc cex le ea t r t a i e vp v i a r o pcn r apu ut re l d hi a t a u e pn hs n Wi ta

31 5.4

31 5.3

30 5.2

28 4.2

27 4.1-2

30 5.1

27 4.1-3

26 4.1-1

26 4.1

S T N E T N O C

I-7

S T N E T N O C

E G A P

5.12

s r a b h c i h w n o? i s y i a v d oi rl po yH nx aa eT r C e A hI t 0 s8 I

? . o C e t a v i r P r o . o C c i l b u P y r a i d i s b u s t a o l f C P O n a C

ts ? s e n va i ng i l da ni t ap aa i c d nm I o nr i f tm a l i f h sr i h o lf l n e o s i Ct Pp Om e nx ae gy nn i a t a e or l e f h It Rs I N? nC aP nO an Ci 5.19

r ro e py n sa i yp t m i t o n ec d pe ut i t m r a i l t s e t Ca Pi v Or dp ea s o i t n ? gny i of n cl a ee s p Rt i m -t T o rc Ie I vd P n e Do t i acm roi t e l hdc t i e l e t b t hi u Wmp

5.20

p u t r a t s d e t i m i l e t ? a C vP i r pO dn ea s o i t n n gi ol f ce es Ri t -t T r Ie I v P n Do ac n ra e c hy t t e i ht n We

? s C P O y r a i d i s b u s t a o l f C P O n a C

INNOVATION/SCALABLE BUSINESS MODEL

r o t n e m p o l l e ve ed do ,m n s os i e t n a i vs ou nb ne i l sb dl a ra a c ws oa t s gi nr i o k t rn oe wm se i v yo t r i p t n m Ei

n o i t a v o n n I

l e d o m s s e n i s u b e l b a l a c S

ax va ot nC A nI i sd0 r8 a n o wi t oc t e gs nr i o k rf od we i f si e t i r t e i t c n s ea p( us s t e r n) a e t B s v i M fa t I o vy so b e ny l p n a i m/ d i anl xi oo Et h

n eo vi ot rc pe ms ir so df rd a e wf i i ot t r ge nc i k s ra o( ws e sc e i) i v B t i r t e M n esI pry uob y s t t a r c d a ul i t s do foh o rx spa e nt l i p C mtA I anxe0 Em8

6.5

6.4

6.3

? p u t r a t s C P O r o f s n o i t a c i l p m i x a t e h t e b l l i w t a h W

6.2

l1y l i 6e w9 n 1o ,, 1 m 2t 0cn 2Ao xt i 4 aa t 1 -i c rel e mp t f op a ca rne oIr a neh h ot s / Cfl o a P8 t i O6 p nna ai oc sc e tr e t ea? a s hm r si oos t h po dy rs rb oi a cv gd no i e ret r Ip u Rt s b Nsai r r yt i nf l p n aep o hac ft I

39 -

6.1

lo ee t hg s nnt aar c“ o ,l lp 1 e 2ir 0Wn 2 o ? C 4 i t Pa 1 u rOl e ea t hv f t a r n oyi? a b t n b s e omo r Cuoa i Pm th Oe es nrvf apao sahV e tCM t a PF a r / osOm e l prl rai u oh i csWm ?e ndy i e r l I Rtpp t p o y Nl f lai na ” t aex s aj u fb I t 5.18

5.16

n o i t c e S m o r f s C P O

5.11

pe h ut t n r i a t s S e s ro op f r ”u p up y t a r a d t i l s o “ sh a x da et vC oA rI pp0 a8 nn ei o et bc se Cs Pr o Of ? s ydr nna aae y eat vi s d an a HI p

39 5.17

39 5.15

39 5.14

38 5.13

I-8

E G A P

6.6

s l e d o) mB sM s I e ny i b s uy ba d ei l l b o ah l a x ca s t sC a A sI e i 0 t i 8 t n n eo i pt uc e t s r a r t o s f fd o e sf i e i l t p r e mc as xa E(

87 6.7

tx n a et mC yA oI l p 0 m8 en o i ht gc i e h s r ho t f i wd e sf i e i i t t r i t e n c es a p( ul a t i r t an ) t e s B t o M fp o I ny so b e i l t y p a a mrd i ael n xe o Eg h

131

6.8

n ) eB t o M pI ny ob i t y a a ed r i c l o hh t l x a ea wt C hA t I iw0 s8 e n i t o i i t t n c ee ps ur o t f r a d t e s i f fi o t r se e c l p s a m( al xi a Et

START-UP ENTITIES NOT ELIGIBLE FOR DPIIT RECOGNITION T I I P D y b n o i t i n g o c e r r o f e l b i g i l e t o n s e i t i t n E

8.1

T I I P D r o f y l p p a o t e l b i g i l e s i p i h ? sp r u ot t e r i r a pt os ra ps ea l o n so i rt e i n hg t e o hc e Wr

141 8.2

s i y t i t n e p u t r a t s ) C P O? (T yI nI aP pD my ob Cd e ns oi sn r g e o Pc ee nr e Ob ao rt e e hl t b e i g hi l We

141

8.3

t r e v n o c y l s s e l m a e s n a c p i h s r o t e i r p o r p e? l C o sP aO o rt e n hi t f e l hs e Wi t

141

d e t i m i l e t a v i r p a o t p i h s r o t e i r p oC rP pO f/ o y rn e a f s np am r o Tc

142

8.3-1

s de tde n r i tn a ai pr ma aeip l n m e t or t o t a a n C v p i i f r dap o ega t I n r oX i e t t vt X ninr omie c dt d e t p sar i a ye h pbvC i n P h or sLc r e Li sd o/ t n e mmu i r r r i pi f y3 ofe n1 rph a0 i ph t p2 esn t , m r l eo c o e hc A Snt

d re e t nr t e r v a n po oc t y n l i s s de el t m r e a ve ns on ce h st i s pi i h m sr r i of t d e n i r pa omP rrL pi L efo p l i t o h n Ss i

144

8.3-3

143

8.3-2

140 7.1

S T N E T N O C

I-9

138

SOLE PROPRIETORSHIPS - WHETHER ELIGIBLE FOR DPIIT RECOGNITION

S T N E T N O C

E G A P

ENTITIES FORMED AS A RESULT OF AMALGAMATIONS/ MERGERS/DEMERGERS/ABSORPTION WHETHER ELIGIBLE FOR DPIIT RECOGNITION n o i t p r o s b a y b r e g r e M

y n a p m o c w e n a f o n o i t a m r o f y b r e g r e M ? ” r e g r e m e d “ m r e t e h t y b t n a e m s i t a h W n o i s i v i D

t/ n n ao t i l t u i s si e u r q c oa t / r ee l g b r ae l i m a ve ad / sr i e ng r oe i t n m i o n i t gop otr c o ees Rub -da T / d Ie n I Pmi o Dra t o rfm e a s he g t ia l t e i ht nm We a ’ y n a p m o c p u t r a t s ‘ f o n o i t i n i f e D

’ y n a p m o c l l a m s ‘ f o n o i t i n i f e D

ENTITIES FORMED AS A RESULT OF COMPROMISE/ ARRANGEMENT - WHETHER ELIGIBLE FOR DPIIT RECOGNITION

e g n a r r a / e s i m o r p? mn o oi t ci on t g eo uc de dR eT mI I rP oD f yr t o i t f n e el b yi ng i al re e s hi t t e n he Wm

? ” t n e m e g n a r r a “ / ” e s i m o r p m o c “ s i t a h W

11.1

s i y n a p m o c y? r p a u i d t i r s a bt us sa rs oa yn ni o at i pn mg oo cc e gr nT i d I I l P o hD ar o rf e e hl t b e i g hi l We

152

11.2

g? nn i o d i t l i o n hg o sc e e mr os ci t er be t pf ua t y r n a a t p s dm eo s c i n y gn oa cf eo r . To Ic I y P r Da i d ai s fb i u ts a / h. o Wc

? ” y n a p m o c g n i d l o h “ f o n o i t i n i f e d e h t s i t a h W

? ” y n a p m o c y r a i d i s b u s “ f o n o i t i n i f e d e h t s i t a h W

153

11.4

, ” r e g r e m “ , ” n o i t a m a g l a m a “ ? s” mn o ri e t t i s ei hu t q c yA b“ t& n a” en o mi t sp i r to a s hb a W“

152

11.3

150

10.2

148 9.3-2

150 -

10.1

148 9.3-1

147 9.2-1

146 9.1-2

147 9.3

146 9.2

146 9.1-1

145 9.1

I-10

HOLDING & SUBSIDIARY COMPANIES - WHETHER ELIGIBLE FOR DPIIT RECOGNITION

152

E G A P

y r a i d i s b u s f o D O B f o n o i y t i n s oa pp mm oo cc fg o n i ld o l ro t h n oy Cb r e w o p g n i t o v l a t o t f o f l a h e n O

t s u m ” y n a p m o C y r a i d i s be ut Sa “ r o rp or o ”c y r y a d i d o i b s ba ue Sb “ s e i r a i d i s b u s f o s r e y a L

l sa a t i dp ea t c a ee r r t a l l h i ws s yt ni af po m% o0 c5 dn ea t h i ? t me m ir l r i eof t mp a vfh i i i r s pyr n e pa n up t r t ma r a op t ca s ayy rrb a e i hd d t l ie e s hbh us Ws i 11.6

l sa a t i dp ea t c a ee r r t a l l h i ws s yt ni af po m% o0 c5 dn ea t h i t me ir l eo t m a vi f i r py n pa ? up P t mL r a oL t ca s ayy rrb a e i hd d t l ie e s hbh us Ws i

161

11.7

n? ay hn t a ep r om mo sc a g hi n hd co l i h h ws ya nd ae pt a me or ct de eb t l i l mi iw L P eL t a L va i r n Pi ae rk e a ht t s e h% 0 W5

161 11.8

s ea r od me t sa a e r ht he cb i h l l i ww y nm ai r pf mp i oh cs r de en t t i r ma ip L ea? t ny a i n ve i a r kp Pa tm as o r%c e 0 g h5 n t i e nl d ha o hh Wt

162

11.9

b u s o c g n i d l o h r o f t s e t e h t s i s r o t c e r i d p i nh os mn o mt i oa ce l rr e y hr t e a i hd i Ws

JOINT VENTURES - WHETHER ELIGIBLE FOR DPIIT RECOGNITION

g o c e r T I I P D r o f e l b i g i l e s i ) e r u t n e V t? n p i u o Jt ( r a Vt Js aa rs e a hn t e o i ht i Wn

? n o i t i n g o c e r s t i r e t f a V J a o t n i s r e t n e p u t r a t s a f i t a h W

? ” e r u t n e v t n i o j “ a s i t a h W

163

12.3

ENTITIES INCORPORATED OUTSIDE INDIA WHETHER ELIGIBLE FOR DPIIT RECOGNITION

e l b i g i l e s i a i d n I e d i s t ? u p ou dt er t a a t r os pa rs oa cn no i i t yi t n ig t n o ec ne ar T rI e I hP t D e hr o Wf

167

13.1

163

12.2

l o r t n o C

11.5

162 -

160 11.4-5

157 11.4-4

154 11.4-2

156 11.4-3

154 11.4-1

163

12.1

S T N E T N O C

I-11

161

S T N E T N O C

E G A P

ENTITIES WITH FOREIGN SHAREHOLDING/STAKE WHETHER ELIGIBLE FOR DPIIT RECOGNITION

/? rT e I I nP t r D ay pb nd ge i s e i r n og f o / c ye t r i u e qb eo t ne gl i b e i r g ol i f e s hi t r i e wd l yo t h i t e n r ea h rs e n hg t i e e hr o Wf

ENTITIES FORMED BY SPLITTING-UP/RECONSTRUCTION OF EXISTING BUSINESS - WHETHER ELIGIBLE FOR DPIIT RECOGNITION

g n i t s i x e f o n on i o t i c t i un rg t s o nc oe cr eT r I rI oP pD ur go nf i t e t l i b l i p g si l ye bt do en ms ri os s f e yn t i i t s n u Eb

” prn uoo f i t dt r c e a ku t s r ot vs fe o n o nrc one o i i t r t a i r cn i go f i op t cu r e e g crn i Tt CI t i AI l IPp Ds 0 8dy nnb oad i Be t ms c eM s r I s oe yf eb n ti r o s e dn u he “ b tf wc g seon j n e e i t cr o s i ny i t ai x a t t l e t s o n f i ne o v I

g n i t t i l p e ss yu ba l dc e” ms s re on f i ts o u nb “ fg o n i hs t t i e x ee t ef ho t n fo o i t rc a u er l t c s yn ao t c s e or t r wo op Hu

)se rt me sn ce rd i fnAne i b au3s e u 1 y0 ? sn s bo i n o ha2ali cpe yt f t i h a mt i o h t c i wo(nnf c 3 i oet yd1t o t 0idN e e i c t 2 t t ur i n e e trv em, t h c iA s t pl nr n es ut oe oc t c a e d r i ewn vn a i r t r e u s parn p a polu a l f mpi o o t o uWr t Cn a ni g?t openes c h i i i s t t na h t r i e s f e l o t vrop t s e s i nn I e x ot l X oe b cr t X a n a si rp l rt i e a hPenyv t Ltuda p a e o a e hLh s r t rCml Wo i aaf

ENTITIES INCORPORATED WITH COMMON DIRECTOR/DP/PARTNER - WHETHER ELIGIBLE FOR DPIIT RECOGNITION

ni on g mo mc e oR ceT nI oI P hD t i wr o df ee t l a b r i og pi rl oe ce nb i l l yi t w i t n r ee ln a t r na oP i t / i d P dD a/ rr e o ht t c? e e n hi r o WD i t

” h t g n e l s ’ m r a “ f o t p e c n o C

185

16.2

185

16.1

182 15.4

181 15.3

173 15.2

172 15.1

169 14.1

I-12

E G A P

PROCEDURE FOR DPIIT-RECOGNITION OF START-UP n o i t i n g o c e R T I I P D r o f g n i y l p p a r o f e r u d e c o r p e h t s i t a h W

17.3

n a c r e n t r a p a s a r e n g i e r o f h t i w? T PI I LP LD py ub t r n a o t i s t i an g ro e c he t r e ht e Wg

193 17.4

e r s i n o i t i n g o c e r T I I P D r o? f e t ne ol i p t a m co i l c p n pi ad pe uk r t a r a m t s r fo i d te a t hc e Wj

194 17.5

n o i t a c i l p p a e h t g n i t c e j e r r e d r o t s n i a g a l a e? pn po at i yn i ng ao ec r e e r hr t o sf I

194 17.6

x a t g n i m i a l c r o? f 1 l6 a i 9 t 1 n , et s c s A e Tx a It I P e Dm yo bc n nI oe i t h i n t gr oe cd en r u rs e t hf i t e e n he Wb

194 o cdt e et n i r o mi T s Iir l I ee P t v Dan v ar i o c yp b/ n dPo eLP nLL i o a L t t d b ne oi os i es n br oeg v o t c nne o ? oc r y i n t n T io a Ip n I g P m m or Do ci ef r pac y d ub he st t e ri r r om a f t yl i rs e dne a he t t spa e i v hnmi gor Wo cp

NAME CHANGE BY DPIIT-RECOGNISED STARTUP-ENTITY- WHETHER PERMITTED

a s e i f i l a u q s i d y t i t n e p u ? t n r a o t i t s i an g yo bc e er gnT aI hI cP eD mm ao nr f rp e hu t t e r ha t Ws

CIN/LLPIN CHANGE BY DPIIT-RECOGNISED START-UP ENTITY - WHETHER PERMITTED

t r a t s d e s i n g o c e r T I I P D a y b e g n a h? cd Ne It t P i Lm Lr /e Np Is Ci rt y e i ht t n e e hp Wu

199

19.1

196 18.1

195 -

17.7

189 17.2

T I I P D y b p u t r a t s a f o n o i t i n g o c e r r o f s s e c o r p e h t s i t a h W

188 17.1

S T N E T N O C

I-13

S T N E T N O C

E G A P

20.1

y t i t n e p u t r a t s d? ee s l i b n i gs os ci em r r e T p Is I i P r De ah yt bo nn oa i o s t r e m vr no of ce rn e ho t e m ho r Wf

200 20.2

r e h t e h W P L L o t p i h s? r s e n ni t a r g a l pa li t a p r a e nc ee gb l ma x oa rt f o nt oe i s s i r r e vs e nv oi Cg y n a p m o c a o t n i P L L / m r i f f o n o i s r e v n o C

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’ r e v o n r u t ‘ f o n o i t i n i f e D

220

21.2-1

APPROVALS NEEDED BY START-UP ENTITY FOR CLAIMING TAX BENEFITS

B G 4 5 n o i t c e s r o C A Im r 0 i 8f p ni oh i s t r c e en s t r ra e dp na us si e y vi t i t t n n ee cp nu i t xr aa t t os f Ni

222

22.1

219

21.2

209 xiiib 20.4

xiii

203 20.3-1

218

21.1

207 20.3-2

201 20.3

I-14

CONVERSION BY A DPIIT-RECOGNISED ENTITY FROM ONE FORM TO ANOTHERWHETHER PERMISSIBLE

200

E G A P

22.2

h g u o n e t o t nc sA i x pa ut e t r m a t o s c fn o I ne ot h i t i r n e i d f e n du es t hi t f e gn ne i y b f s x i a t t a s m yi l a e l r c e o Mt

223 22.3

r e d n u s t i f e n e b x a t m i a l c o t p u t r a t s y bt dc eA dx et a ene sm l a o vc on rI pe ph At 23.1

F P R a r o f t c A e h t r e d n u s e c n e u q e s n o c x a? t y t ei ht t n ee r p a u tt a r ha t Ws

226 23.2

r e d n u P L L p u t r a t s a r o f s e c n e u q e s n? ot cc xA ax t a et he t em r o a c n tI a he h Wt

228 23.3

e t a v i r p a s i h c i h w y t i t n e p u t r a t s a r o f s e cy nn ea up qm eo s c nd oe ct i xm ai Tl y r a m m u S

TAX HOLIDAY TO START-UPS UNDER SECTION 80-IAC

C A I 0 8 n o i t c e s r e d n u s p u t r a t s o t y a d i l o h x a T

p u t r a t s e l b i g i l E

m o c d e t i m i l e t a v i r p a e b t s u m y t i P t n L eL pr uo t y r n a a t S p

s s e n i s u b e l b i g i l e n i d e g a g n E

et e l i b s i b g i e l e w ‘ a si ad n dI ep i u f i t t r r e a t cS sr pe up s t a r aB t s M fI o y b s’ e s s ce nn ai t s s u nb I

B M I y b d e t c e j e r s n o i t a c i l p p A f o s e c n a t s n I

t u b 6 1 0 2 4 1 r e t f a r o n o d e t 3 a 2 r 0 o2 pr4 oc1 ne i r o s ie f tb I

s e r o r c 0 0 1

d e e c x e o t t o n r e v o n r u t l a t o T

m on ro f i sa t s e c i nf i i s t r ue bC ef l b o i g d i r l a e o fB o l ea t i a r ce i t f s i i t n r i e cM ar e st dn l I o he h tt I

310

24.2-8

B M I / ’ d r a o B ‘

314

24.2-9

309

24.2-7

309

24.2-5/6

242

24.2-3

301

24.2-4

241

24.2-2

241 -

240 24.2

24.2-1

239 24.1

237 23.4

S T N E T N O C

I-15

223

TAX EFFICACY OF DIFFERENT START-UP ENTITY FORMS - FIRMS, LLPs & PVT. COs.

230

S T N E T N O C

E G A P

o? t r a ye l y p pt an e ym l e s t s a e r s a s pa ey s r e ov t ee vn ai o ht a pc i uf i t t r r a e t c s r ao f sB e oM DI

enp r u oot i f t cr e a bet nss r oo t i t s f i e n t gna o l oi ct e eah c r i t Ti f It f I r o P e Dc 3 n a r i or a f t a b oBP oMr t I e ? l dn a o i o ni t t t n gua en c s iCf i s y Ai e l It tp o i p0 s a8N I

318

24.2-14

n o i t c e s r o f n o i t a c i f i t r e c e k o v e r B M I e? hC t A I na0 C8

319 24.2-15

s a h B M I h c i h w n i h t i w? tn i o mi t ia l c e i f mi t i te r ec he t k so i v te a hr o Wt e t a c i f i t r e c f o n o i t a c o v e r f o t c e f f e e h t ? sB i tM a I hy Wb 24.2-13

r Be Md In hu c i n h o wt i ra oi c f f st i nr oe sc a er r o nf os mn o mi ot? caC c i el A I hp t p0 ea8 r a sn o tti c a t ec hj es e Wr

24.3

319

24.4

s s e e s no i p s r uu bp wy en na r ao of t d re e s f u s nl y as r u t o ei v he t r yp bt n da el mp rr oo f y tr o e nn i ph uc a t r m a t f S o

e l b a c i l p p a s n o i t i d n o c l a n o i t i d d A

e t a d e u d n i h t i w d e l i f t o n R T I f i e l b a l i a v a t o n n o i t c u d e D

n o i t c e s d n a A A J J 0 8 n o i t c e s r e d n u n o i t c ue l db ea dl si ua ov ea ns ai t C l u A I m0 i8 S B A 0 8 d n a A 0 8 s n o i t c e s o t t c e j b u s s i n o i t c u d e D

x a t e t a n r e t l a m u m i n i M

n o i t c e s s e t a g e n P y Lr Lo os t u l ei l l b y aa cd i l i l p po ah x xa at t s mr e ud mn ie n r i md n ea t a C nA rI e t l 0 A 8

Cd An Ia 0 A 8A nB o5 i 1 t c 1 en s o rt i e c de ns ur ye ad dn i u l o s he t xa ar t ox ga et r r oe f wB yoA al B r5 mo sf1 pt1 n up oi o t r t dc a ne t S as

? A A B 5 1 1 n o i t c e s f o s e r u t a e f t n e i l a s e r a t a h W

n i g n i t p O

332

24.12-1

325

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323

24.10

331

24.12

9nn 1ao i 0ht 2t a sc 2 s i e f 9 i l t 1dr ne na c or .r o c s5 f a ? 2 s B gnM e na s i hIo t s t op i t e r x r eo yu l smpp p pC usaA i r I nt e r 0 va8 a c o t s . n n r rc o ru i e t t 0c he e t s0s 1 e ho r . h s o WwR f

319 , n o i t c u r t s n o c e r e h t r o , p e uc n ge nt i s t i t i x l e p sn yi by dd ea e mr rl oa f s ts o e ni n ps uu b t r a a t f S o

24.6

323

24.9

322

24.8

321

322

24.7

321 24.5

316 24.2-12

316 24.2-11

314 24.2-10

I-16

319 24.2-16

319

E G A P

24.12-2

a m r e p e m i g e r A A B 5 1 1 n o i t c e s f o t u t oi x ge nt i t n p e On

333 24.12-3

f ao ye bt a dr ex i f a s t i l t a a s n o ei s bs e oc t sn no oc i t m i i d a nl ocA coA t e. B ho 5 t C1 ec1 r i s t a / s u te a m % ho 2 Wd 2

333

24.12-4

, e m i g e r A A B 5 1 1 n o i t c e s dt ? ei r t e i t x n e ey gn na i p v am ho ec cn na Oc

341 24.12-5

n o p u t e g . o C c i t s e m os dn o ai t ld i l i wn o sc t i f f o e nt en be m tl a i f hl u Wf

341

i.e

oAs0B t u 1A Ao 1B eBi l rs5 5 b n a 1 a1v o 1 i c1r t i d l c n e p en od pi s a atn.A c eeu B s I e gr 5 I1 l r ebX1 a hdars x e cna n t r o uutpi s%sat h c f2eC e 2 m o s ft oo e@c p t se enn a i l c r ox b r i eae e s i hxh G v a t t oB stor e i B op5 tmt r1 a hode1 h c n t o na Wi o t A A B 5 1 1 n o i t c e s r o f g n i t ? p oT yA nM a pm mo r of ct rp e hm t e e x he Wi s

24.12-10

, A A? t Bi 5d 1e 1r nc oT i A t c eM s d re os f i l si t t p u on yu ns at pi o mt os cn ge np i t p s a i x h et na ah fw I

e m i g e r B A B 5 1 1 n o i t c e s r o f g n i t p O

e m i g e r B A B 5 1 1 n o i t c e s f o t u o g n i t p O

24.13-3

eh t mi iw g ee r c Bn a Ai Bl 5p 1m 1 o c) n2 on ( i o t n c eni o s t oc rt e o s f edub edu s s i dn c i r l i a e s xvn eno i nii t ogd i nn t i p e o Ob c

24.13-4

f ao ye bt a dr ex i f a s t i t l a a s n o ei bs s oe t c sn no oc i t m i i d a nl oc B coA t e. B ho 5 t c1 ec1 r i s t a / s te u a m % ho 5 Wd 1

347

24.13-5

o t e l b a l i a v a t o n s i B A B 5 1 1y nn oa i p t c m eo s fc o n g t ie i f e r no ef Ba

349

24.13-6

/ s P L L o t y l p p a l l a h s B A B 5 1? 1s nm or i i t f c p ei s h rs e r he t n e t ha r Wp

350

24.13-7

m o c d e t s i l o t e l b a c i l p p a B A B 5 1 1 n o i t s c e ei s n a sp I

350

346

24.13-2

e t a r x a? t y l ep hp t a ht co i n h ws e oo t d sA e A mB o5 c1 n1 i en o hi t t c ee r s a r te a d hn Wu

343

B A B 5 1 1 n o i t c e s r e d ? ns ue i en ma ip g em r o ec t g a n r i r xu at t c a wf ou l n ea hm t sw i e tn a hr o Wf

345 24.13-1

342 24.12-8

342 24.12-7

341 24.12-6

r e t p a h C s i h t f o s n o i s i v o r p r e h t o o t t c e j b u S 24.12-9

344 24.13

S T N E T N O C

I-17

346

S T N E T N O C

E G A P

24.13-8

n o e b d l u o h s y n a p m o c f o n o9 i 1 t a 0 r 2 t s 0 i 1 g e1 r r fe o t f ea t a r Do

350 24.13-9

rr uo t n c ao f g un i nh at mr o de el cc i nt er ma mn oa cf o s n a 4 o hi 2 t 0 yc 2 nu ad 3 po 1 mr3 ope crr o o egf hn e Ti b

350

24.13-10/ 11

.m o ca i l cc i t s o e t mr oe dd r fo o n si s e ’ ns s i s e un i? bs tuB a A hbB t w5 ye1 r n1 a ‘ s s s e/ e u cbt e i d nl f e u to n i e hb ss I

351

24.13-12

sn i o i yt nc au pr t ms on co” “ ce c nen ore i r t t os i d i npx oue cgn i eny hid t t t i a l yp e bs r l tya n s abs e e d men i ms sr i u tob f a ta ho f Wn o

352 to f lo i f n l n u s o fs i t e gn c ni u i st r d us rb a n ggo en c r i e d r sr r e a s o g i r g e a r n i ynt t t oi l l i u t p ci ss i fd s y n f b i e o d n c d i yi ses nh u mb at r ff og fo i n ttgt i a n n s he i i e x Wmb e 24.13-14

tg a n hi t t t s i dl s npe usn y i ob s f u sdb i teg i m n fri i t os sf i e csx nie eyf uno qan p em o s i t noc ocu c r e t ehs t hf n t o o es c r e s a r e tn r a i o s hu p Wb u

353

24.13-15

ey s n ua tr o o nf sd e e os du “ ny l os i t u i o d i nv oe cr ep ht t n a yl bp tr n ao e y mr ” e ses n i i o th p a cr ha u Wmp

eddd s ee one s poc u rcx y uee s r te pf o n eo ni h s e h t ue c rl oa oa dm f ”vdd l e en a ut s l u a o a t y vtr n lre e a a l np hi t t o h e f t “ hco y aey ? bwmu gda ln tn a n invp an a lm ei a t t mmn o o c srat l e i p fe t te h dot a % n hda 0y fh2 Wo b

fg,n y o im n r i rd yo e e nlc n e s i eh oe uc b n xcdo oeaet nymwd srdoe l denl r o rna i i f u a t ghn q ee eca br a r l os smp t i a f ndonr? o o r onei a r i a t ui t a e l i ta de d y n navnyy ollotr s c a cpt e r i ef v edo e hntms t ae ’h i y t hhrt ni e dtea w hn f n t o opd e e ho%ami c 0s ol e2 Ws icp

t l io f n l u s fs e gn ni s i s se d un rb a i s g u egb n r i d sr g e n a s i g i t r s ei a r x yne t of l i u o t i cd t i u fn f i oo d cd yse nim h at r o ff fo i ttg a n n he i e Wmb

t tyn a r he a l t np i dh nc d ua n om a f h s d d i tnn i a o ft c i e sns e a cl s npi e y e uh n qt a ef p s nom o y c%or c e0ee h2h n t i n h eatc r hya a t b te m a d r d ho e n s Wmu a

356

24.13-19

356

24.13-18

355

24.13-17

355 24.13-16

353 -

24.13-13

I-18

354

S T N E T N O C

I-19

E G A P

ee r r pt n ge nc i d n l i o u i t bn e yv nn ao ec s r uo tl o e no t sh e oa ds ya nd ae ps mu y ol cs u eo hi Tv

rrorr ? e o oa t s lnre ue o ay t i n ey o t i yr oh d na te ns v s re dsoi racfh e a si dm t ’ ge y es w in t r u a d e syn p e a lom i s l ,u op n oac m oi sno i vi t i e, ic d r e np ye r l t ogn b n cn eoo eic t d hl ndd e t i o e u wr rb i t i e o n u l hye l q t o nv e e f hane r fob Wo s c i e lgr i n f t i l n d u l e fi c gun b ny o i i d t nn ra a e gfv eon r r o e ss c e ur s o i n r l e ot a no yn t h l oa u i t ci s i fda f nd i e d os cu ys ni y ahs l t ff u i o o tt i a v n he e r Wmp -

tyed a l e hsdw u t odl o di nl nv ueaa r e op d r f n t ssn a a i ed twc i e fysm i n ni sa oa e cpi tl nmnc eoes va uc n qe w o eh ? s cDf nt I o oyre cbo0r l8e ede h e s t hs t / o t t euhuc r g e a nsnp a o i td s i a dt e l c r hi eu u s n Wb udi 24.13-24

y n a f o n o i t c u d o r p r o e r u t c a? f ” ug nn ah i mt “r so i e tc l a i ht r Wa

358 24.13-25

lr a e t d o n t fu o d nn oa i t s? a t nB u oA pi B s mi 5 v 1 oo 1 cr npn i o li ea t c c nme r eo s r f n e o f f r s i e n d d o en i s hu i t v seo i r tmp a oe hc h nt Wi

384

24.13-26

tn oo nt i ec re as r so nf og i t n c i ut dp eo ds e ri on a sp? nmB oo i A t pcB 5 mo1 et1 xe/ el A b aA tl B a i5 ha v1 Wa 1

n o i t a i c e r p e d d e b r o s b a n U

r e h t e h w , B ? f Af Bo 5t 1e 1s ne ob i t n c a ec s re s os f s so t l p s o’ yr na ae py t mn oe cr r au fc I

? dr ea i r e r y a t cn fe o m fs f s o e s t s e a s r ne ol i r ra a be yy nn aa sm i o er r f e s hs t o l rd e r ha t e w hr o Wf

? e m e h c S B A B 5 1 1 n o i t c e s r o f t p o o t w o H

24.13-31

f o t u o g nl ? i l t i p ow t de ne aw ns i gn nw i o t p s ot pi et ea kB yA nB a5 p1 m1 n oo ci t nc ae Cs

24.13-32

s en mo es i hi cv s o Br Ap n Bo 5i t 1a 1t nu op i t m c eo s c el? haA t mA t i rB x eo5 yn1 no1 t n ae o pt i a t mr c og e cis amo ndt anr Cao

388

24.13-33

n o p u t e g . o C c i t s e m os dn o ai t ld i l i wn o sc t i f f o e nt en be m tl a i f hl u Wf

388

390

24.13-30

387

24.13-29

386 24.13-28

386 24.13-27

358 24.13-23

357 -

24.13-22

357 24.13-21

357 -

24.13-20

385

388

S T N E T N O C

E G A P

nl i mi p on ro m f io dt ecc vuo i d t r t o e c re dp j erb mou oes crs i u nt s) i c n 6 na o( of i n t %uc o 6na i t 1as c . ne ma 7 s 1or ft tb o lyu eats t r t n a a h epi t r li ddw a i cee c ntc a ei l pr n e So a r -

,nrnsI y neuiaI aetdhX c n pba xr aa e mrf t oeugtp h n f n ct a i o ciah h e i t nmteC t s r a soo e r e mat rd e l l cn oha c i dhti f u n i t c ai c r e y fh e dap l o e i t ewcnsa a , n me o r i fn a omso i p co n e r h nc ooc s i i n l i nt d a i h c t e ymu wd o n t odfv i ear o o hsf ror t p p d t e ed c ere r uvo n e i p l e r hc se ge e nd nr Wi b i g un ni ah t mr oo t e l lc a i t t n r ea dn i c a nf i ro on o i mt oc ru f d do er vp i r r o e dg n ei r mu ot cc nf a I r e t p a h C s i h t f o s n o i s i v o r p r e h t o o t t c e j b u S i.e

oBs0A t u 1A Ao 1B eBi l rs5 5 b n a 1 a1v o 1 i c1r t i d l n c p n oeea d pi s n. at c A eeu B s I e gr 5 I1 l r ebX1 a hdars x e cna n t r o uutpi s%sac t h f5eC e 1 m o s ft oo e@c p t se enn a i l c r ox b r i eae e s i hxh G v t a t oB stor e i B op5 tmt r1 a hode1 h c n t o na Wi o t 24.13-39

fn o o i et t c a e r s xr ae t d en hu t h) c% i 6 h 1 . w7 ? o1y t el st p e ap mra oxt cao ntn i e s ei ve ht o t ecd e r f B f a e A t( B a h%5 51 W1 1

394

24.13-40

s e m o c n i e h t o t e l b a c i l p p a? ee gv r o a hb ca r s ua se el hb t a st i e t a h ht n Wi

395

24.13-41

x a t e h t o t e l b a c i l p p a? eB gA r B a 5 h1 c1 r us s/ eu h% t 5 s1 i f to a e ht a Wr

395

24.13-42

n o i t c e s r e d n u ? dT eA r M e v om co r yf nt ap pm me ox ce s ri e B hA t B e h5 1 W1

ny so n ai a t gcp e m ns i o r c h ut di f wo d e t nn m ua o oi c fln p smi i l ol yci ntw ao w pno m h oe ? n cbe d o e e h t ett u st, p s n Bm ee Ao sm s Bc as s5 1e e1 fs b I

r e h t o s s e n i s u b n o y r r a ? cs s ne an ci ys nu ab pd me i oi f cc re e p hs t e n ha h Wt

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?h ns ci c es eu s ncs ro n ot e t i f s un iq dd i en ea t osg p n a oco shc e t a l e b hih a hwt l y i ea cl i r pa h v wmta yoas nche aowv pt,l a ) s( 2 v ml ? oiBys a t cf Ae e cBBf c i t A5an s s 1 e B e 1yu m5n q o1one s d1ian t n e c ao r o eA ft is c I

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395

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398 24.13-48

t ai i f r e e n t i e r b c t im i ma il l rc e o vt oy nf ri s ut t a ms t us mu im x a. mo? C y B c ni A at B s ee5 r 1 m1 e hos t d/ sau I

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t Bo An Bl 5l 1i 1w % n6 o1 i . t 7 c e1 s f no i e t ea s ur aw l o c l tl e a s i c ne up ss yh nc ai eh w r ? e y l hrp e t t p f sa a I

398 r cnxo eiaf r ytt rp no T a Ip fo I P ee Dmlw o b i dcg f edi li r eeC e t t i eA s mbI i g ie0 el r ew8 dt n a l l o nv i i iW ar t c e? dp.s ep9 B mu1rA 0 e t rr 2d B oa 5 f trn1 eseu1 vdb n y m ae o hs eat d i i vl i n eg c oo e Wo Nhs -

n cnneo o t eii i s r yt t i c c ne n T u i Ias d I p rMe P ord Dmf e o t e m l n dcb i I edg i a fl r e o i c e l t t i no e s ni mi ot i g ie te el l a r ebcb i i ? g dtef a i i w l t nv C e l r ai l A r e i s I ca dpWt 0 ) ep.e B8 mu9g n rt1 Mo e 0 r oa Ii 2w( f t t r fdc esei re v bBa s ad m o e A r hs e Be B i v d n l 5 eg o1 a n i Wo N1 u r

dw ne ? an d B raA f a B i 5 w9 1 r7 1 on f n yoo i r t i t r c c a ee cs s rfr ooo f sf mms t irp a eo l t c y onn i t sa se p ns es pom plo afc hop f u tf t a o r hta es t Ws

f f e o i l s t h i e t u t s t a i t n l i d s l i ue sdw t r fc n,o r e vaBf) n9AfT o M o1Bc05t A 2 e 1 ( s m0 1l x 1ni ra i aT f ov 1 i rrt oe cam teou Pf t s m? La f e i l Lro m n b i r i gosg i Mf nnni o o i l / r eP i e t t uyi L ea n t c adbnL n r ap oye e f l t umcnl i laAh nol p aca w dt masme s e oi sr of ft i cl e I

C A I 0 8 n o i t c e s n o s n o i t a r t s u l l i d n a s e i d u t s e s a C

25.1

f o e c r ud e os si ‘ a nr i a m l p u xi em oe t r .p o e cr da eh t s i/ ml it a l i ep t a a vc i e r r pa ph us f t r o a ’ t e s c nr ou o ss ue nh Ot

401

25.2

y b d e v i e e l cb ea r x a mt uV i mM eF r f po es r s a e hc Sx -e n )i s e i (n ) a 2 ( p 6 5m o sc / ul d xe ah t y le l e s go nl Ac

404

viib

399 -

24.13-53

399 24.13-52

399 -

24.13-51

398 -

24.13-50

400

24.14

S T N E T N O C

I-21

FUNDING BLUES OF PRIVATE LIMITED START-UP COMPANIES

S T N E T N O C

E G A P

sx pa ut t l r e a g t n s ha t i m wo er cf nn ao i i l t p p mm oe cx e n or no f fs N o S snL e o i ct n ni i edd une qoi f eci s c he nt oi p Cws

,r d e ed t n c au? r n8 t t o6 a i t n 8ao x 6a i t c nTe o-s i t n s c oa et i l s al oxe t aw t s oe a sl i b) v ou ro pd( ) te( 2 s b r 6 i e 5 f r n eeo h r t i e t l hi l c e Ww s p u t r a t s t yn be nm y oa i t p c as s d nn ae r d t i v li a d i c nd an na i e f u fs o s i te n r ea mh es t r a o t f s y fn o a gp nm i l o i F c n i g nn i wd on u sf i h l e dg nn ua ft oe t g yn ea nc oe mh e er s i o a f r e rb e s t p o u mt or ra ps t dn l i u t on he sm wt s oe Hv s t i s o p e d r o s g n i w o r r o b g n i s i a R

t c e] pt sn e e r nm i d en ce r um o sa 2 e2 h0 t f2 o , t ec cA r ue oc sn ea vn oi rF p[ os t n da el o r i / u s qg n ei r rw e o yr ar po xb af To t n e m d n e m a e h t f o e v i t c e j b O

)s t o r si i f v ot rn pe tm s d r i n f e w m e ) a o ne ( s i r tp v n o eer mhp dtd nnn a eh o c mt e ars e ed w hi o t wn f ( o ho s eci puv omo csr Si p

25.7-5

s g n i w o r r o b r o n a o l ‘ f’ o t en pu oo cm Sa

h c u s y n a r o

25.7-6

i s e r n o n o t o s i v o r p t s r i f w e n e h t f s o e e ys t i s le i b s as ca i l t p n pe Ad

441

25.7-7

g n i k n a b o t o s i v o r p t s r i f w e n e h t f o y t i l i s b n ar ce i l c p n po Ac

442

25.7-8

? os t g n yi l p w po ar r do l b u r oo ws n oa so i v l of ro ps e ti s r r t i n f e we ek a nf rr e o hs t u e g ho Wb

442

25.7-9

n o t o n , e e s s n e s o s s a r ee hp t r e nh ot to s y a cn sa i r so us nr oe i lh a na l og i t e i l d s di Ah

442 o s i v o r p t s r i f e h t f o y t i l i b a c i l p p a f o e p o c S

n a o l a f o n o i t i n i f e D

’ g n i w o r r o b ‘ f o n o i t i n i f e D

’ s t i s o p e d ‘ o t o s i v o r p t s r i f w e n e h t f o n o i t a c i l p p A

450

25.7-11

434 w e N : 2 2 0 2 , t c A e c n a n i F y b e d a m to n s i ev mo r dp nt es mi r AF

451

25.7-12

443

25.7-10

437 25.7-3

x a t l e g n a m o r f s p u t r a t s f o n o i t p m e x E viib

T S 9 6 2 n o i t c e S s e i n o m l a t i p a c e r a h s f o e c n a t p e c c a f o e d o M

437 25.7-4

435 25.7-2

432 25.7

25.7-1

423 25.6

423 -

25.5

421 25.4

419 25.3

417 25.2-3

415 25.2-2

414 25.2-1

I-22

440

S T N E T N O C

I-23

E G A P

el d r e ah hsy ‘ l e od t i ow sy i v ob rd pe v ti s e r c i f e r w’ y ee nn fo o m n s one o i i i t t n a a a cc i ip l l p m p pp o Aa c

452

25.7-14

o t o s i v o r p t s r i f w e n e h t f o n’ os i e t c a n ca i l v p d pa A‘

453 25.7-15

i d n u h ‘ o t o s i v o r p t s r i f w e n e h t f o ’ s ng on i t i a w co i l r p r po Ab

454 25.7-16

t s r i f w e n e h t f o ’ ns e or i t u at cn i e l b p e pD A‘

455 25.7-17

e h t r e d n u s u n o l a n o i t i d d a e h t y f ? s o i t s a i v s o or t p ws t or i Hf o s i v o r p t s r i f d n a d n e d i v i D d e m e e D

s n a o l s a d e p p i r t d n u o r l a t i p a c e r a h S

y l p p a l l a h s s n o i s i v o r p e h t n e h w m o r f d o i r e P

, T A M o t e l b a i l ? sf i e ) i . l o e Cr .B d t G L4 .5 t v n Po ( i t yc ne as pt me og ce r pt uo t m r o a r t s p el l l i b w i g i n l e e h ft I

461

26.2

p tu s e t vr na i t ds nf ao ys t e r r e pa oh rs py t li a u i t q n ee di n i s s e n r i ga ng i l l l a e t s i rp oa f c n om i r t e p t y mg n en a xo p el xgm an o Ti c

461

26.3

ty c en pa sp e m r o nc i fa e i f l o e r s xe ar t a gh ns i l n i i a vt an re o m f t’ s p de ev u i f t nr s i i a t y t a bs s e esl bn b ig i oa t i gl sl e na ‘ ot s i ii t p i h d ac nci ofh w Co

462

26.4

f to s e w ve ni i v df no8 a 6 t n yo i n t o r pt i e p c e oms o rr pf r e ltd a n n i e t u i n c ’ ei e df c f i e r s u e s r o e s r sa f i ho h s e gsc t ni r i u l l n o e i s s ‘ sg ren i e n i t n o o i a mml ogp rn x Pi e

464

459

n a m t o n d n a y r a n o i t e r c s i d s i O A y b n oy i t r i o d t da Ad

26.1

460 25.7-21

458 25.7-19

25.7-20

458 25.7-18

o t o s i v o r p

25.7-13

456

TAX IMPLICATIONS OF FUNDING A START-UP BY INVESTING IN IT MONEY FROM SALE OF RESIDENTIAL PROPERTY INVESTED IN START-UP - SECTION 54GB

S T N E T N O C

E G A P

27.1

t s e t a l f o 7 o t 4 s a r a p r e p s a x a t l e g nn ai o t ma c oi ri f f t no on i t p p u mt r ea xt Es

465 27.2

d e s i n g o c e r y n a p m o c d e t i m i l e t a v i r p a e b d l u o h sT pI I uP t D r a y t S b

469 27.3

m u i m e r p e r a h s d n a l a s t e i r p o ar cc e5 r a2 hR sN I pd ue e d i c a x pe t eo t n a gd el r u go gh As

le l? a e t gi s i nw p aacrr eoa f r e a y e hr l so a i prc ucn 5a d2 i n a i pRf fNl e o Ib efa t oc a i gml p eu r p ia g gmn aeo fri p o t t p e i r m ma e ih l x ese hdx t na sa I t deBnR nt iN aaGyI v 4 t i f 5 r r yp o e t n t pi r p o e om puiri t pl o-c rte mr prs a o t f dot ls r n a ef n s i o i t m ui so h n t in efa icp l do a tm i scgn s e e e dlux r r na e o a t s ai m x h i sepat a h a k ya ci sl st e i r l h t l u g o s t e f q l n s l e% i a n 5o rn2 W r e i i o . t f srtR o p t . o Tr ms m f e I c ov es .x rn 5 o i2 Pi ceh

e h t r o f t n u o c d e u s s i s e r a h? sr ec c5 n2 eR r e N f I e f r po t li l i m Wl i

n o i t p m e x e x a t l e g n a n o n o i t a r t s u l l I

? oex t ha dtt ege l ui ng sn n s i oa skm e c r o er a r f hr so n o nf i t odp dem ede vux i l e c e cx r ee o r f t nei obm i ol t i t a e r s r e e o de r i y s c no5 l op 2 cm . s se R I

n o i t p m e x? eo s nl aa e8 m6 en r o ot i rc c e 5s 2r .e s d Rn fu o ty i n mt i iu l r ec hs t sm e o or Df

lgT? a n t F t i i n S e p e ab d ctgs i n eoi le r nf i r a hs a semo r o por t urf d dcye 5 i u a 2ns a p. s pi s fR o s me ef r o t o ca a h gmas eu t r ipy g gmmn aeea r f fp x o eo tedc t i mree iadp h l e s sse e e dc r on xn Da ei

ld5/s a e 2 n e t r i s oa . i p i s n t h ag R a s co nf d ec i r emo ee a e hrcau sTxxl pIeea uIt v n P o t oe dDn i k tr a si s pae a ffosm n o o di r emo .Oi t a a CAf u gi f .eo em d r eth g grLtn o apt .nt i eev ? aa . rPc ha no t i c ehp,me s s u r e rh t e r e r d t hn t oe a f rd t Wa o c s

474

27.3-8

474

27.3-7

474

27.3-6

474 27.3-5

472 27.3-4

472 27.3-3

471 27.3-2

471 27.3-1

I-24

EXEMPTION FROM ‘ANGEL TAX’ TO PRIVATE LIMITED COMPANIES START-UPS

469

E G A P

g n i l i a v a r o f d e l i f e bx a oT t l 2e mg rn oA Fm no i r nf on i o t i a t r p a m l c e ex De

g n i l l i f l u f p u t r a t s y b d e t t i m b u s e b o t 2 m r o f n i n s on i t o a i r t i a d l c n eo Dc 27.5

27.6

hN t iS wL n si pd ue tf i r i ac t e s p hs t x i a wt l ee cg nn aa i l m p o mr of cn o n i t op nm fe o x e sr e o cf ns en uo qt i ei s d nn oo Cc

fd o e u ds os i i r e e pr ra os f e r sa t e h s s s a h c di eh i f w i c en pi sY nF i t s de et t a s l e vf no i d tn o ne smm a u o hr i f m ps ur e r ap t r er a yo t S 7f

lspe e v gdut i e ne t a r ac g a e mxtn e s ls osi l re a f rWn na?o h os i t i mc t feu p mohd eVte x nd eMoy dn fFe o dva snim naei o ca e l d i ? c r t e s i t s noo d t a o nl el i o oi t l r a b cv r ao fee i ee d r bm ta i s a o h nCc x L oP ac n Wt i e s o h t f o y n a h t i w y l p m o c o t s l i a f ’ s yn no ai t pi md n oo Cc ‘

ds0xyn ee1ali o nr tpt p o f i l l f ro ap? i e c md o d0r yws ee , i s0p i x n m v a 1 o ei o x i ’Re a rhl t p p a c c uNfr i s Ioodh t a r g pnww a o r nno t o crN i s s sce o ‘ s a nsfS eo ei br wsL r f e r r oc oea y e f t enh t soba r d e nr esn s oodpfu a x estesoa s caihae e t t m yu yri l t ml n l se ayroasg pbernin t e a mNvfp s o s a oSn m r dpo a cLr enor uy nt fi atf I

27.7

do et s i r n o gi or? e cps ede r eh T ut Is h I st P i i D w s e l fc a o i e t d so t ns n p e u mnt sor s da e t es s s s ad a bl g u so ne i ih d nns eaw ppo mH to u ? oc9 b 1 ap0 u 2 tt a 2 r ha 9 t1 Ws

482

27.8

t rn e t e f m a s ds ee l s is f ea bn e th i nw a7 C4 1 ?/ 2 ) 2 m( r3 o4 F1 n no i i t nc oe ? i g s t n a ri r e d a dn l ne c eup des eci i l tg i f o n i ond t fe noe e eu c hs o r Wi sp

484

27.9

et un se s m i s rs e e t s f s a a d en ne i h a w t b o7 4 e1 b/ ) n2 a( c3 n4 o1 i n t i o? n i g gt n oci ced esn r re e T p Ids I ni P g Dun i red c e i e t ho e t e c hno r fp Wo

484

dsm n/r auo 9sF n 1o g 0t i n 2i i l di 2 df 9 Ay 1 b e d r e oxn a f i t e a t be lb ego dn aae fb mo n o ti sc a t ep wp sm te e? n s erxe e n mi s a n sda c s e e C h s s i c s ? a a u ) r s fd n i n(i ta) 2 a 2. m( he 6o Wd 5N

viib

482 27.6-3

478 27.6-2

478 27.6-1

s r e d r o n i y n a p m o c p u t r a t s n o d e? s 9 i a 1 r 0 s2 d2 na9 m1 ee dr o tf u oe bb ad te a s s ha Wp

485

27.11

476

477

27.4-1

i.e.

27.10

475 27.4

S T N E T N O C

I-25

477

484

S T N E T N O C

E G A P

n i g n i d n e p s i 0 1 . 7 2 Q A F n i s a r e t t a m f i s n e p p a hl ? a te a hp p Wa

s ’ y n a p m o c p u t r a t s f o e u l a v t e k r a m r i a f f o n s oe i t r a a nh i s my rt e i t u e q De 28.1-1

fg o n i Vd u Mc l Fn i fs o t e s ys na as pt i mf oo ce u ea l hv t e yh bt s t ne no s od s i t a e a s e i t a l b n bi as g t e n s bra a t uh n Ss i

488

28.1-2

s / d o h t e m e h t n o d e s a A bU V1 M1 e Fl fu o R ny ob i t a d ne i b mr i rc e s t e e r Dp

490 28.1-3

t a et cn i r e pd i rv oe f nl oe i s t a e ur l a a vd e ft t o o l sl s a e ne er na i s u e nr ea gh s eh r c e i hh Ww

495 e u l a v s t e s s a t e n ‘ s a n w o n k o s l a ( ) ’ dd oo hh t t e e mm e uV l A a N v‘ / p’ ud o k h at ee r Bm

495 28.2

487 28.1

s t e s s a f o e u l a v k o o B

e h t r e d n u x a t e c n a v d a s a t c dA i a x pa t tne um oo mc n AI

s t e s s a s u o i t i t c i F

s e i t i l i b a i l f o e u l a v k o o B

s e r a h s y t i u q] e) ( f) o 2 ( tA c eU p1 s1 e r e l nu i l R a t f i o p a) c( pe s uu d a i l a c pb eu hS T[

sdb nu eS d[ i s v e i r d a fh o ts y n t ei ] mu) yq( ae2 ) pd( rnA oa U f ts1 e r 1 r a pal e ahu tsR e e s cf tn o n e ) ur oe ( mfe e ars u epa hnl Toc

nb au hS t r[ e n ho t i o t ,a d i c ee l l r a ] cp) ee) ( md2 ( sA ad nr U ra 1 e vw1 oe et t l a u tR hr wa ypf bao ,t) s e( e vse r es e s u s oa e l hc Rt

n o i t a x a t r o ] ) f n( ) o2 i s ( i A v oU r 1 p 1 ge nl i u t n R ef s e o r ) p e( r te n s uu ol a mc ab yu nS A[

ed] de) an) ( i ma 2 ( t srA e U nc os 1 i a1 s i ne v oal rhu ptR f ro ge nh) i t t o n ( , es e s e s e i u t r i a l pi l eb c r ab i tl u n S ug[ n oi s t e me i t aei mi l y b r no a i Af l

502

28.2-11

e u l a v k o o B

501

28.2-10

e t a d n o i t a u l a v n o s a t e e h s e c n a l a B

500

28.2-9

500

28.2-8

iii

499 499 500

28.2-5 28.2-6 28.2-7

496 498 498 499 28.2-1 28.2-2 28.2-3 28.2-4

485 27.12

I-26

COMPUTATION ON FMV OF SHARES ISSUED WHEN ANGEL TAX EXEMPTION IS NOT APPLICABLE

E G A P

s e e e s r i u t i n a l l i i b C e[ ab l i s l e ar t ya n eah gps nse i d t n nc oen cde r i gv e f ni ] e i ) d t r n f ( ) eop2 e s sv ( e r i A r t a pe a U l er 1 r ru1 ta me n nuu l ua c oh fR mt o f arc to yee ) h nt p Ao s( n o i t a u l a v f o d o h t e m w o l f h s a c e e r f d e t n u o c s i D

g n i t n u o c s i d y b ds ew no i l mf rh e s t a e dc x ea ut l t a s vo tp e kd re a t Ma m ri i t a s Fe s n o i t c e j o r P w o l F h s a C e t a R t n u o c s i D

e u l a V l a n i m r e T

513 28.3-3

dg n ni at p do od ha t e d mn Fa Cr De gk nn a i t B c d eto j nh e at r he nc i drm eee i f u iMl t ea s uhV t j t Ofe s Aos t nr A eo t hp e eN Wr F sC i s nD ore ce u n npe s ea v es e be r dry aab h hs d e t yfp noe aVc pMc m a oFs cga n w i e n ei h s s c mi e rh s e s w t a e d edo y r h l e t t hn e em Wt

29.1

r e d n u C L P p u t r a t s fn o o i si t e s s o s op l t fn o e fm f o d tn e e s dm na ae dr rP a wr9 o7 f n o yi r t r c a e Cs

517

29.2

r e d n u C L P p u t r a t s f o s e s s o l f o f f o t e s 9 d7 nn ao i dt rc a e ws rd oe f d yn r e r m a Ca

518

29.3

? n9 i t7 i n mo it i l c re e s vr oe nd rn uu t s et hf i t e sn de eb ex ca xt ee s Co Ll Po s pa l ut i t l r l i a t w s , fC o A I re 0 v8 on no ri uc t t e fs I

30.1

s rp e u pt er a mt os f co n) i fP o O tS c E e( pn sa e l r P nn i o ti n t ep mO yk ac o pt xS ae t e ry oo l Sp Dm TE go nt i g r r n e i f n i e a Dt

522

30.2

r e p y t i u q E t a e w S / s P O S E ) nC o1 ( S2 D9 T1 n fo o i t lc a e r s r e r f e e d dn nu oe t si s Qi Au Fq

525

516 -

28.3-6

514 28.3-5

514 28.3-4

511 28.3-2

510 28.3-1

507 -

28.2-12

508 28.3

S T N E T N O C

I-27

CONDITIONS FOR CARRY FORWARD OR SET OFF OF LOSSES OF START-UP PLC U/S 79

520

DEFERRING TDS OR TAX PAYMENT IN RESPECT OF ESOP INCOME OF EMPLOYEES OF ELIGIBLE START-UPS

S T N E T N O C

E G A P

MANDATORY ACCEPTANCE OF PAYMENTS THROUGH PRESCRIBED ELECTRONIC MODES IF TURNOVER EXCEEDS RS. 50 CRORES-SECTION 269SU

U S 9 6 2 n o i t c e s f o y t i l i b a c i l p p a r o f d e l l i f l u f e b o t s n o i t i d n o C

? s p u t r a t s d e s i n g o c e r T I I P D o t e l b a c i l p p a U S 9 6 2 n o i t c e s s I s t p i e c e r s s o r g r o r e v o n r u t , s e l a s l a t o T

’ s e l a s l a t o t ‘ d n a ’ r e v o n r u t ‘ n e e w t e b n o i t c n i t s i D ’ r e v o n r u t ‘ n o s w e i v s ’ I A C I

n i d e d u l c n i e b o t s i d e t c e l l o c T S G r re e hv t o e n hr u Wt ’ r e v o n r u t ‘ m o r f d e t c u d e d / d e d u l c x e e b o t s m e t I

’ r e v o n r u t ‘ m o r f d e t c u d e d e b o t t o n / d e d u l c n i e b o t s m e t I s w e i V s ’ I A C I s s e n i s u b f o ’ s t p i e c e R s s o r G ‘

’ s t p i e c e r s s o r g ‘ n i d e d u l c n i e b o t s m e t I

’ s t p i e c e r s s o r g ‘ n i d e d u l c n i e b o t t o n s m e t I

CONSTITUTION OF DISPUTE RESOLUTION COMMITTEE FOR SMALL AND MEDIUM TAXPAYERS

p o r d k c a B

e v l o s e r d n as r te n y ea vp ex r a pt om t u ei md ee hm c s d n wa el l na fm o s sr e o r uf t s a e et Fu p ts n i ed i l x a a St

o s e r e t u p s i d e v o b a e h t l i a v a o t e l b i g i l e s i oe hm we h rc e ys an po xt i au Tl

e m e h c s e h t g n i l i a v a m o r f s n o s r e p n i a t r e c g n i r r a b f o t c e j b O

e] mA eM h5 c4 S2 n do et i r c r e a bs o At S O P E F O C rf e do n) u( e es l u b a al nc i a f t o e ) DA ( ) sI n( o sm r e e t I P[

543

Explanation

32.5

d0 e5 bs i d r e c e s c e r x pe r he gv uo on rr hu t t] ss t ’B n y D et i 1 t mn 7 ye 2 as d ps fen o na i es U cuS nb9 af6 t i2 p ess cen cdo aot i c yme r cS i on t [ a o s dre t nc r o ae r lc Me

543

32.4

542

32.3

541

32.2

540

32.1

537 31.10

536 31.8

538 31.11

537 31.9

535 31.7

535 31.6-1

534 31.5

533 31.3

534 31.6

533 31.4

531 31.2

529 31.1

I-28

E G A P

Ar? Soe Omm Pi re Ef h F c s S i O, CP C LR rL e d D nre h uot emg rn di af i l i maa sfv i o rra e m deo n rt r or f nad ope i r ar t n ta es t nb e i P a dg L fa L I

545 32.7

m o r f d e r r a b y t i r o h t u a x a t e m o ce nm i e yh bc dS eC t u R c eD s e oh rt pg nn i ol sa i r e v Pa

en? A me etS heO cdP s mE CoF RhO DwC t r s en e hi d t an ggu nae i n l i d o a a s vr m ae pn na e of e ro b a ts bc a eh ep hs r t ee srd i nr nio edn heo t f Wl i i t

32.6

t c a n e de em i f e i c eh pc sS rC e dR nD ue dh et t g c n i i v l i na ov ca d nm ao r df ed t u e r cr ea s ob re pr sa ns ot sn r e e Pm e m e h c S e h t f o e p o c S

e e t t i m m o C n o i t u l o s e R e t u p s i D e h t f o s r e w o P

y t i n u m m I d n a e l b a s o p m i yn t l o a i nt eu pc e fs o o r rp e vm i a o r Wf n o i t u l o s e r e t u p s i d n i e r u d e c o r P

n o i s i v e r r o l a e p p A

561

33.2

r e f s n a r t r o f n o i t a r e d i s n oA cC f0 o e5 un l o a i t vc le l u fS roe f r na oh i s s i d v e ot ro pu lq a i n c eu pf So

e r a h S d e t o u Q

e u l a v t e k r a M r i a F

r e f s n a r t m o r f g n i t l u s e r s n i a g l a t i p s ae cr a mh rs e t y t t i r ou hq se fd o e ns t oi i l t n a xu af To

562

33.2-2

d n a e m e h ct Sc nA i e dh et s n ui sd ne oi n i s f s e e d r pt xu eb d de nn ai f se dd rt oo Wn

33.1

g n i t i x e y b . o C de em t i o mc in l i es t a n i va i r g pl pt a ui t p r a a c t s n fi o t l su e s r e a hr sl l i fw o rr e o f t s s ne av r n Ti

562

33.2-1

s n o i t i n i f e D

2 2 0 2 , e m e h c S n o i t u l o s e R e t u p s i D E

32.8-4

560 32.8-7

560 32.8-6

551

559 32.8-5

550 32.8-3

550 32.8-2

546 32.8-1

to t Cs Ri nn Da gs eai hee t dh gat nmu i l sb i i a vnA aoS i t O n me P ot E reF f d dfO o C er ? r d e r r e d e a n rd bo i na nnut oa e sfnd i r y eol e l pmsa r e ep u ah t c caa ss I

545

562

33.3

32.5-2

544

32.5-3

544 32.5-1

546 32.8

S T N E T N O C

I-29

TAXATION OF INVESTORS EXITING STARTUPS

562

S T N E T N O C

E G A P

33.4

r e f s n a r t m o r f g n i t l u s e r s n i a g l a t i p s ae r ca mh rs e y t t i g u nq oe l f d o e ns t oi i l t n a xu af To

563 33.5

n o i t c e s d e m i a l c d a h r o t s e v n i F U H / l a u ds i t v i i f d e nn i e eb r B e hG 4 W5

565 33.6

p u t r a t s / s m r I F p u t r a t s m o r f g n i r i t e r s r e n t r a p f o n o i t s a xP aL TL

TAX ON RECONSTITUTION OF FIRMS/LLPs

o t B 9 d n a )I O (B 8 4/ ,P ) 4 O ( A 5 4/ sP nL oL i / t c m er s i ff o f yo t n i l i o b i t au cl i o l p s s pi Ad

574 34.3

y b e d a] r B t 9 nn i o kt i cc oe t s s [ ry oi t t tn e e s s d a e lf i a i t c i p e ap cs fm o o tf r p i n e co s er r e np od e ei f mi c oe cp ns I

575

hr t a o e by rs ou eo di av r e t r np i ka cg on t i s rr ou td e n s o s s a r le a p t i p d ae ci f i fc o e tp p s i e ca ey Rb

577

y dt nt i an )e d (e 8 i 4i f nc oe i p t s c ef s o , ) n 4 o ( i 5 t 4u t nt i os i t n c o ec s e fR o o yt t i l B i b 9 an co i i l t p c pe As

34.3-1

34.1-3

i t s n o cy et r i t hn t i e wd ne oi f i i t c c ee np ns of co n no i i et bl u do l s u s oi hd sr to p n i e o ct i eu Rt

m r i f f o n o i t u l o s s i D

t r3o e 1 n d0 n2i s ,) ut yc6 nA5 s 9 ae 1 pi , mnt oac cpA m s oo e t i n Cn i fa” Po pP Ls L L Lnm/ o /oC i m s mi fi r rv i oof f f frXo p I o It n nXr o oXai i P t s r u r r e l e e t o i vp l s nar s a i ohe d CC( “

Bd e 9i f ni oc i e t p c es s e rh e t df no un so nt i i a u gi t ls t a t n i o p c ae cr f/ o n no ot i i t u a l t o u s psy i t md i t onn Coe

579

34.3-5

y t i t n e d e i f i c e p s a m o r f s i t p i e c e R

/c r e e ns [ t I r a O pB / yP bO dA e/ vP i e L cL e/ r m hr t i f o bf o r on o i tt e u s t s i a t s ln a o t c i p e ar cn ] ro) or4 ( ye5 eb4 nmn oeo i Mmt

580

34.3-6

579

34.3-4

579

34.3-3

579 34.3-2

B 9 d n a ) 4 ( 5 4 s n o i t c e s o t e l b a c i l p p a s n o i t i n i f e D

34.2

tI r O a pB y/ bP dO eA v/ i P e cL eL r / sm i tr e i s f s f a o ln a t o i i p t au ci t t ns en ho wc de er vn l o o r ve nb i sm r e e f m s n/ ae r r Tn

580

34.4

, ) 4 ( 5 4 n o i t c e s f o s n o i s i v o r p w) e( n8 4 nn oo yt i r c a e ms md un sa eB v9 i t n u o ct i ec xe Es

573 iii

571 iii

34.1-2

569 34.1-1

566 iii 34.1

I-30

565

E G A P

y n a s e v i e c e r n oh st r o e pb r do ey i f e i c en po sm r Ao :t ) e (s ns oa i l t i a d t i np oa Cc

583 34.4-2

t e s s a l a t i p a c r o y e n o m f o t p i e c e r f o g nh i t n o ab er Mo

583 34.4-3

h t o b r o t e s s a y lt a i t t i n p ae cd e ri oi f yc ee np os Mm o :r ) f (d ne ov i i t e i c d e nr os Ci

585 34.4-4

ge nr i r e uh dt e h bt I ti s O uwB mn/ toP i t p O c i e A ce/ n en P Ro L :c ) L n/ (i m drr na i f aef )yo (sn sui o o ni t ov u i ei t tr i t d ps nen oh o Ct c

586 n o i t u t i t s n o c e r e h t h t i w n o i t c e n n o c n I

trr n oe h utt oe o cs csy aan lya a nr t i ao p afl coi l enw od hi t to nao i u elg a s d ve a e t er t e r a s c ors nt e a I n :ee d )ug e -a t (dl f r nre e oesn n i t t o e r i t g d a npel f ofue Co ds 34.4-7

y n a n i d e t n e s e r p e r ( e c n a l a b t n u o c c ar ) le a n t i n p aa Cm

588 34.4-8

) 4 ( n o i t c e s b u s r e d n? uG gC nT i S t l r u so e G r sC nT i L a r ge lh a t t i e p ah CW

en di o at r i t d nd i a kn ci or t e h s t ybo m ae b s r fmo i ) /t 4 r e ( e 5 s n s 4t a r na l op a i t t i yp c eba s dc er yv l p io pey c ae e or n t oo sm wl oa o st Hi iii

r se ct ee d s s n s b a u u , sly a t ri t i e t dpn nae uc d eee h l i t b f i a c xoe atp t 5s e4 m e onh cot i t nc h i t ei fs w) o nfg8 ( oon i 4 t i ) n u n 4 i b(a o i i t r n mc t oee t i At rs

s e i d u t S e s a C d n a s n o i t a r t s u l l I

s e i t i t n e d e i f i c e p s f o n o i t u t i t s n o c e r n o s Q A F

? dtn nr o aai p t Byu l 9b o , s s ) g s 4 i n ( d i 5 r 4wo san nro odi i o t t t u c n t eo i t s i s t fa n o o c i c sl e np r op i y an s i ya v ont rau peo vh ra t e i h h) w t e s h(e r 8 W4 n

sdd dse e ni nc g amn au s Bdar d 9ahe e ,ocnr ) t y e n 4 r l r ( sn a ? a i 5 4eopsn t e o r sruga e i n t nh b i a hs t ot ss i sn r i t e te e x c r i f n e ee p o t s hr fr m o fwa po o p o e e i c f s ss t o o na a y t h r oc r n i a s a egwe t i n ) v o mr i s n ( ote o a/ ryr pl ihrm e t p s rp e nd tt e r i a i ra h) rf t ooap r e p h npee ( o 8 r ha nt i W4 s i

610

iii

34.6-2

609

iii

34-6-1

594 34.4-10

590 -

34.4-9

587 v

34.4-6

586 34.4-5

609

34.6

34.4-1

iii

595

34.5

S T N E T N O C

I-31

590

S T N E T N O C

E G A P

be ub sn a wc e5 n4 ? r r e n e n o t di r t nc a ue p sg m n rfr o i i f i ) t 4 e y( r bn e dot h i i t a c pe m so xr abf t u d rse e r de he t v t e o u hi t c e tr Ws

611

34.6-5

s mn ra i i f g yl? a bt s id dp n i aa a pch es sh ’ i r te xrn aet t hr t a se p nh i g a n gwi , ) r l4 i a t (e t 5 i 4r p a n cni o e tie t a c r he f t sx ra ne t ed vn e i r Gua eet oy s b b r yd e vmle p dip u aha s s eysi r bi a s dhe t he n si cg e i l no e h e d Di wl l u a .g Th s e Dc i s t Bei e rt i Cb ol ynhu t ba c u ? i ) f dcaf 4 ee i ( ueedB sst 9 a s f s l e i l o s e s ss / lu r apa p a l avT e u o h m D ct e r r B i eC or of C t

611 -

34.6-6

e d sdehgs s e no ni nst ii amgaow dh n h sw nw Bdar do 9ahe ,ocn)eps t r s ) i s t y n ? e 4 e ( d r l ( o s / r n n a er i 5 i rr t t 4eope or a t nccar srugt e n nh b rehpn i t ot artfi ss i paioa t eri w e x c d r sG nefe t ee n s htfocnni r o u o ui fwa d s t o o d p o t e a e c i es f n ss s t o na a a urnce t r oc ear e o n i l r p s a a c egca i c n t m n v o i mi a o i s p r ote e a e ryr cav lr l pp c h a i t stay a i rp e o h r h tp e r t a i a ast h) rf s se t o e t c o t i r e i n r f b h npeo a ( oe o 8 rm h hp nt i W4 ds s i 34.6-4

611

610 -

iii

34.6-3

I-32

APPENDICES

633

RELEVANT RULES OF INCOME-TAX RULES, 1962

661

669

STARTUP INDIA KIT [FROM STARTUP INDIA WEBSITE]

671

SCHEME FOR FACILITATING START-UPS INTELLECTUAL PROPERTY PROTECTION (SIPP)

687

NOTIFIED CLASSES OF PERSONS UNDER SECTION 56(2)(viib), CLAUSE (ii) OF PROVISO

691

: 9 X I D N E P P A

: 7 X I D N E P P A

SECTION 56(2)(viib) OF THE INCOME-TAX ACT, 1961 - INCOME FROM OTHER SOURCES CHARGEABLE AS - STARTUPS - CONSOLIDATED CIRCULAR FOR ASSESSMENT OF START UPS

: 8 X I D N E P P A

: 6 X I D N E P P A

NOTIFIED CLASS OF PERSONS UNDER CLAUSE (ii) OF PROVISO TO SECTION 56(2)(viib) 667

: 5 X I D N E P P A

RELEVANT SECTIONS OF INCOME-TAX ACT, 1961

: 4 X I D N E P P A

622

: 3 X I D N E P P A

REPEALED DEFINITIONS OF ‘START-UP’ : 2 X I D N E P P A

615 : 1 X I D N E P P A

NEW DEFINITION OF ‘START-UPS’

S T N E T N O C

I-33

E G A P

: 0 1 X I D N E P P A

692

NEW MSME NOTIFICATION (NMN)

708

GUIDELINES FOR RECOGNITION OF STARTUPS

713

E-DISPUTE RESOLUTION SCHEME, 2022

715

: 1 1 X I D N E P P A

THE MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006

: 2 1 X I D N E P P A : 3 1 X I D N E P P A

d e r e t s i g e r a r o f t c A e h t r e d n u s e c n e u q e s n o c x a t e h t : em r a r i gf np i i wh or s l le o n f t er ha Tp ) (

e sn mnko r i . ouot s c ctoe e i nrbs n g o i f nra st i ep s n n e dm i nea no i t m uc s n uyi dd baa en t npmi a f oi td s u uP %o d6 e( haL s t r mL s i e e o wet v s s o)he s t a nn l b eraga u n ei bt l i t ofmt a o t e v sg s t%e a p 8ltt of huo noson aeahs ctcti a yiy mr wi t b l re di d i h c na f e t af v ,t i a e ts dcnh e i er u t oT u sc . i pr cB aA me ovf4 coo4

te hs c e v m c i At oir ea chas . h w hgh ss t e fets n r r N t i o oh e i . f )x s g h i er u ab t t b ltgge e nnl goo i b l l nnl a l e a ai l s u g l mwa ya v osr rrdbd f o y t d n l ns s a n oe ue i vao t l s n p eb t i ga ml h ai t eegt i g f xn no r ’e ar yagvp nmnds o a aoa l e fr t m i f o gx o ae gt nn ‘o c e itob i td n t s na p e m u w u uf e qt t yh r oaet a nhh t s t t s e os s l n si b e eaa dd g h ni nw ne as i

) (

226

23 R E T P A H C

TAX EFFICACY OF DIFFERENT START-UP ENTITY FORMS - FIRMS, LLPs & PVT. COs.

23.1 WHAT ARE THE TAX CONSEQUENCES UNDER THE ACT FOR A RPF START UP ENTITY ?

PROS

i Partnership firms can avail presumptive tax regime under section 44AD whereby if turnover from business does not exceed Rs. 2 crores -

ii Positive side is no angel tax under section 56(2)(viib

S E C N E U Q E S N O C X A T

) (

. eee ysdi t l t u crmi ed a o a r t r n i vu e hho od i r t s o r l ec psfwca r ‘ a e a omfnch n o s s y o t i i i sa r t t af ra e f e i lw r o d n s p i s dte u x r o r a c qeyo a r e btthp o u s o s r sc o t e t m l t) u n va s c s Ayen son r e o i d n i tvNfi ea s s a n a hp . e n l ehs t r p o t d fmmi sn i x t o o see e *coei um n m b r r 8 i 6df otr r e s l i t f nedhmen f oheT v i e o s i i .rnct t i y a a m c l l n f r h a ee o e u t s s s s i i i e o c dm p s ol ca i a n f t c r f cu ( ue u o frdo ss syfpes ds v i n e o i v rri oa’reiaI t rpeaceg. h h e e c pmr s srtr tou k nso s c rei a o r r a o i soa l l d m F b p a e s e r .t x t s de i ihi t f t p n i mf ynn aub io oi cf l el e dyr er ps i b eae h suai rdd. e i a n g h l r s t l i us o e cl s c i i e e h nf )n ‘ g h t n o e r x i wd r os a at e et i u Pgsr n dipetrrab enudaaarl e i a r hheob t s p c e e r y nti r i t a n m h o g o s e t i i i cl cs s wen g ey e eh ensri h l o p r Rtn fm t i u o t nOai si o r a r s t d r o h . f r e f a n C t i a s i e o n t A e t wI y i acsl f , b f p ’0 e e o i p o r h r g u8mn to i t p l no fe t f r ocee mo r t i a ot tdme o t r l c e s h c n i f f t e T l eei s s e p l u . r m ’ r s b oi fs a a i e t lop er g i etusyn l t t e m0i t c a ‘ r r1C vea i n i j f t fA b a r s I t pu poe s i t l o 0 h d ’ u b n n s 8 so i pg r s au n i e i 3o l f n st e i mo yt ‘ t P r r e c ne r La a i r ta as Ls F p( ) (

Explanation

(ii)

Para 23.1 227

iii First proviso* to Section 68 is not applicable to partnership firm

CONS

iv No tax-holiday under section 80-IAC

Explanation

n ti o t s me ov rn pi od t n a s e i t r e p o r p l a i t n e d i s e r r i e h t l l e s o h w. sm r r e i nf t p r a u pt /r s a r t e s -

) (

v No section 54GB benefit of capital gains exemption

) (

ls]. nie a s i rv s n ua e a l t fnp r o am o eco r vsc c i e t 0 i o 0 c ent 1 pae . spl s e mb R r a o r c f i c [ i o l ed p r r me pc e ot a v ci 0o 0 m % ni n 4 i l5. r l e2s u a t Rt t f a o o e dv v t i xea nr opaeh eetcn x f t r e o o a a t i r t o e h i xc t ni n ai a t oe f hrd % l w a rd 0s ne y 3p ovb tu i os c s n at s p r r e r u t u a c t t t n t a S r e o s. a cst mr o s e eh rv i s hw F ot a vi Tax rate of 30% which compares unfavourably with 25% applicable to a start-up private limited company

See Para 23.3-3(vi)

%f% r 7i6co 1A1es . A.sn 5 7 r o 2B1e i t e5edc 1 n h1 hu u t t d hndse t e o i d n i i wt n a n c ai ye sp a l f s t b e mr i arl e r eeoc c ud r o m vnxgi n auai a l f r ytu c n d o uj t et’ c n i n se f a i e o f r lcu d e l a i ny p pw a e mssm h n oe t i ci a w d ont e e r a sp e d ni l a v mcoo eo mt t cier a p l a r b l t Bs . c xa a ahtc A n t i ’ t B l o n %eo p i 5 t p 0t 1 p 3ada1 m sryene i xea t h ox hrt at i Tt e

. 4 2 3 2 0 2 r a e y t n e m s s e s s a m o r f t c e f f e h t i w o s i v o r p d n o c e s w o N *

) (

trr sre stg eda l oao n n,f ri b na a i c i y g pw me f n y a s i o l t i ieyl i m e d h t s l f io i l no y p Cb i f aryb a A e u ah opd Ii t yid t l t ynlefr0 s l aaomoa8di e t dfhits f ntl a i x i u o e l l om u a l o i f t ttcob ih hc eesiclc g e b eh a xp r i s i as l , a r T h e t ee o o e w .s y e %es t y 0rs sth n s t n e e s 0i n ae s n 1s h e p s i n c ar s a m i ms i rau sh u oebPs w ob c L y f e en ae s L sel s i e l bpa vi di r nb a u i g t i ea e g i v f u e l t i v o oc l e — m r y i e re t a : e ps u o y mt nl t ch ’ i )nose e 1 ore tep dm ( s m s uea Ccfhn g A3dtoout n a I ef rar c o r g l f , a ov s C 0 n i n t g e n 8fr s e o e n . o i d r i e npet p i hnel t i oudp i b t h t n s i o d i t a t i s n r g y c n g r r i e i a et l e neoe a o ha Ss bp‘nc gt 6 1 0 2 , l i r p A f o y a d t; 1 s 3 1 2 0 e2 h, t l i rr e p t A f a f ro oy na od t ds e1 t e a h r ot pe rr oo ce f nb i st i u tb i ) ( d n a ;

dm eo s r a f et r c c e nf i f ne eh et bi sw a s he r so e r r oc r0 c 50 21 o ft . o 2 t02 i 2m0 1 i2 2 l ,0 r t e 2 vcr oAa nee rcy unt t a enn hie TFm s es he t s ys ba

ee hh tt n mi d oe ri f f i t so ; s t enn nse i am s unn or bi e tv ea l co b i G f i i g l t i a r l e r e t Cn ffe oo C de er t h at a coy i Bb f i le t a r t eit cre e t z s a ai nG sil dMa l i -c o r i e ht f f nO tI i ) (

) (

f x tf Co amio t Tuf i rT m C a P t miL PM r n a ui rA mMLP eo d t ieni n n n a e i t l Maod ub e s t n a l d reu l i ee l ‘a t tll a gfs nlbcn Ci rAani p c i A . d e i t u l n t i aIt p l A opoe0r i 8 h t a ftac t s o seens e i o h s i i l P wp Cytt L ep JnrcL i e e 5 a v a1 dS, e nh1rn r i c eu’o d n i t n h f ou c e i wt r c A e n Ceo e h Jsi h T 5 t . 1rct A 1euf d o d I nne A V oudi I )yV r t c T e n t eMa r p s e a Ast r( e mp h d ia C x a h f na l C o uTc

C-Deductions in

respect of certain incomes .

` `

Note :

Explanation

0 0 1 d e e c x e t o n s e o d s s e n i s u b s t i f o r e v o n r u t l a t s o e t r o er hc t ) (

` in the previous year relevant to the assessment year for which deduction under sub-section (1) is claimed b

S M R O F P U T R A T S T N E R E F F I D F O Y C A C I F F E X A T

d e t i m i L a r o f t c A e h t r e d n u s e c n e u q e s n o c x a t : ep hi t h s er r e a n gt nr i a wP oy l l t i o l i f b ea hi TL seven

(ii)

228 Para 23.2

23.2 WHAT ARE THE TAX CONSEQUENCES FOR A STARTUP LLP UNDER THE INCOME-TAX ACT?

PROS

i Tax-holiday under section 80-IAC available to a start-up LLP -

ii Section 80-IAC tax holiday for LLPs is like declaring holidays on February 30 and 31

2 2 0 2 . 4 0 . 1 0 e r o f e b m o r f n o i t a r o p r o c n i f o e t a d r e t u o e h t d e d n e t x e s a h 2. 23 02 20 ,2 t . c4 A0 . e1 c0 ne ar no i f F e eb ho Tt . 1

T C A T I R E D N U P L L P U T R A T S S E C N E U Q E S N O C X A T

gs.rdhap P e neL ectu t t i dia f a s La mg dhhd ie peawtn a s n n l e u m e r c o t r yt a oa i el e r e l , c r a a nsmyA ot t i f A s o moeJ e l v ici btaa J a n t 0 i eT tl o u r c 8 l t cr mMo a oAfoeteo c,srsos/ n e t s e t nu h i od z d i f t n h eca l e n, t a Tn 3 os s t .ex o mueC A b j t A h i a d A t I a atJAo l : c f J tn0o A i 8 e0 r e Je ,s Ag m8J r e t on0zAoena v t J o h o8t ci r i nt iJeet x i cnw0mwca l eo 8 oet o i a p St dc t Hsl c s o n.m a deuni t e n dnSgall io ea/n abas C i i t l a t CCd o c A s s c t i e uAAnIo Pc l I e j I0 rpLn d 0f8 a08 o epLo a z f8 dso pc o nn n su a %ooaoti-h e i i i t k T t t 5t t r c t c c c . s a i 8 es en eaMt w 1s IsbAs

tdelln t a a s h e t t r e t t i i i i i p p F c mfa af i ioccf l u eess ec d r t a r r s a i vuhat g s i o I r e fr so . p‘ s k anyso i aao a sl Pb e pwLs r xy t i ebLi u n n q s i a eot t . r n t ndi e t)eot d d y c e i sir Ans udc e a e r eprnc e hmmos h t h r t o oc e fc f r o u n o f st dd 8l e orc a e 6e N s pr i u nha . mo ol yrm i os t s e u rs c s d i f eo n nms s i l uenl a c f o o( r p i t fp t x *yoeue n ’ o b r saea i m c p i r ht v r r i omusnf roorof pcs oci

n ti o t s me ov rn pi od t n a s e i t r e p o r p l a i t n e d i s e r r i e h t l l e s o h w . sP r L e nL t p r a u pt /r s a r t e s

) (

v No section 54GB benefit of capital gains exemption

] o s l a

[ . s s e l r o e r o r c 1 . s R s i I T A f i % 4 2 . 9 1

te hs c e v m c i At oir ea chas . h w hgh ss t e fets n r r N t i o oh e i . f s g x h i er u ab t t b ltgge e nnl goo i b l l nnl a l e a ai l s u g l mwa ya v osr rrdbd f o y t d n l ns s a n oe ue i vao t l s n p eb t i ga ml h ai t eegt i g f xn no r ’e ar yagvp nmnds o a aoa l e fr t m i f o gx o ae gt nn ‘o c e itob i td n t s na p e m u w u uf e qt t yh r oaet a nhh t s t t s e os s l n si b e eaa dd g h ni nw ne as i ) (

) (

%hfd e 0coe 3iec thtx a w c r e asl t r pao t unn t a oo t i dr s d nas t r ee aS cv t. c rno Aeon xvcr aoeu n t t rhe t e ui l s mta o ofvh coaw e nv ns I i e ai t rc cn e desa p e ns p i ue n m ’r ao s r pc mim e o rm i t oe f ‘ cl o s c b d a n e a dl i t c i ea i l t mp ti a o p l et r ea nt t % eoa5 r v2 ei a t f saro Prpx e x La r a Lt a t

See Para 24.10 u

iii Positive side is no angel tax under section 56(2)(viib) ) (

CONS

n1 os . i t R a cs ud de e Ec dx ne aI hT t A l a f ei H% %8 8 44 s5 u. l 1 p 2 %o 2t 1t eu go r s a k hr co r uw sh sc uh i l p wd %sn 5s a . er 8 1Cc u

Para 23.2 229

i.e.

iv First proviso* to Section 68 is not applicable to LLP -

vi Tax rate of 30% which compares unfavourably with 25% applicable to a start-up private limited company

. 4 2 3 2 0 2 r a e y t n e m s s e s s a m o r f t c e f f e h t i w o s i v o r p d n o c e s w o N *

S M R O F P U T R A T S T N E R E F F I D F O Y C A C I F F E X A T

s f d9o 1 r0 r a 2 e w,v o ptn ucr A d)u e2 t s .e i o v v eNa r (h ten i mco ini t l a i ri nn e i vFf o e ned rhy t uy b t [ s ]bp r u c t 0r 0a t 4s .s s Ra o]. 1 t s 2s r0 e c l 02r 0 52 o [2 r .c r. Y c s . 0 0RA 0 0 f .1 4m. .o. . es s rwR Rf

) (

sn cdenk e o m ee r o i . s t u o s o c c t rx cr e be e i n n ogsa dei ntsfnrp e uostid n n n e m i esn ea no meimt ios nuc u y i g d dd baae es n r s npmta i f xe td i s ano% u P t i d ouL 6 ese( haL vus t r b m i s i t e e o w e p v m s t h )t mosos e l urann b sferaga u n r b e ei l t e r i t a pvofmt v lotosea i g nt%s a t vrp8eto auoflun h t o s nfnoa h e a s ai t i cyctci a y y wt sb r i memebdi l r r d he i re c na f t i h, f tvaf s i a pwe ts e i i h Drdcnh o e e u sA rtro r T u c 4 e sc . i n42pr cB t n meaA r . os a ovf4 i Rc Pt oo4

e t a v i r p a r o f t c A e h t r e d n u s: e y ct ni et un qe ep s u nt or ca t xs a) t C eL hP t ( ey r n a a gp nm i wo oc l l d o e f t ei hm i Tl

) (

s edt,sendl e a l r l e i o n e b b a f t i , a s l i i i t eg y s g u c m y a s i i e f e l l t i s t i ms e e s l h f n no c yaeeoai r t ara h ymt oh opdn s w t yi lash ys n c e yno ps i as aah h s p m e dfx a w mn i o l i aoen o o s ttci vi cu hc d t r ab xeee h u a p tc as e Ti e nl t meyfab o .i %es e s i e l 0rs n ) g m — i h 0ne o l e i t : ( o n 1s e c t y i t a e l ar s ’ n e vems p e u i a re i o uu m r r bp oy ra hf -da f l e t t e s l gn gCr e p y e n.aas , vbu n t i di i g d s g t i a n n t n e i v e o e oulrrntl i t rceaoiab i t g e p ps msferii d g o h i )noembp n l 1 s or e r hiso o ( r ‘ r c Ccftha cseg A3dfye nenn b o t e n Irv i r i i oindysf a 0 w 8fr oe iepo i m pdyl npet l Ci to oudpifuA a s i o lf l t t t noc Iie r r c b t i e a a et eut ah a 0 hb i Ss os8l gt t

Explanation

ten

6 1 0 2 , l i r p A f o y a d t; s 1 e h, t l i rr e p t A f a f ro oy na od t ds e1 t e a h r ot pe rr oo ce f nb i st i u tb i ) (

2023

230 Para 23.3

See Para 23.3(vii)

vii Presumptive tax scheme under section 44AD is not available to LLPs:

23.3 TAX CONSEQUENCES FOR A START-UP ENTITY WHICH IS A PRIVATE LIMITED COMPANY

PROS

i Tax-holiday under section 80-IAC available to a start-up PLC -

Y T I T N E P U T R A T S R O F S E C N E U Q E S N O C X A T

d n a ;

ee hh tt n mi d oe ri f f i t so ; s t enn nse i am s unn or bi e tv ea l co b i G f i i g l t i a r l e r e t Cn ffe oo C de er t h at a coy i Bb f i le t a r t eit cre e t z s a ai nG sil dMa l i -c o r i e ht f f nO tI i ) ( ) (

,nnfgr .sg d tn%e c a o i o f n n a l o l 5 Ah i i i e t tt 1bst n c ) et ae p)hac i d x e y i h en hr st up ma anm(a t d s T r a e , foapp w ee ) e o mex x t 0 t dre m ‘ 1 i ame , Bsmt n ti ( du Ji o oB ) m c 5yc J .Basri e b h I o n 1n nt 5 i t p f n r a 0 o 1a i st i i l nu1 T8n eM npa r-1 c t omt o n e r n i ume i i o a o t ota t o o l t d t i t c c i n bt a e eceast n e c n i D Sab rc me e m r l f lmo u s s . l e a u o f C a t t y l ‘ sh m o Mrl o A t siTt (ergt( i f noT snAen2dai e I n 0 i o t l d . i 1uc dt rf mMa T po adM m kremmA neeeA r d o o opho Mc uhdr. i r n t . t oktf e aoe s f c n e m a h e bo l eee eonus t nobnb b i s r ms oblo radg f i e l e l m t l s , e e os a i d d p %e p a l x cs nwn 5 h hua feu ’ a 1msm -t o h i t s fosetr 2 t,e le n x c t t y i a a 9 i x C e e t n ti nmt t f ]eJ a s a o a or o l ha roma8t5f cTo n 1 d n 1 t p i t n f 0 o p d 1 ’ so i sno 2 c r d k e e e i t n o t dno ms[enei e s t o c i o i a m r i o h un v a f t t e ir t j oxbh o c a or ra edo fTn el .ns pt o pv i ccAn

e)dhes e h0lcvo 1 u i i t ( ohgp fB r I ou Iwwt .OeBsp Jte 8r5 nh u nt 1at oa 1wr l i t s n o i c e f g o ee r i s ) t u 0 flct 1 o nea( l tesi s B i hng f I t ie0 e n,nl en ot8 os i bi a n ho t it ea v i vl ost i c u g r e tcpws l . o o a n f r h nc o o e i sTesd t a a psnl i wAy h uu nMtTnl c ofet . a i m oc i o t n t n ae c B es es su t J dbd5 n o i eae1 pd sr yd1 ’ i l u e t v fn r o uponoi e r t t ep t r i a h c f r l t e eu e s i s v n ce r g as f oh ef l ibo

e nkenrll e a k oovoei b t i i t i i ot l i o t t n g A cbcc el i - ugeem e d p s o I d n i so rs V e i e n t pe r durt ra r t e s pI Tp sf a t nh i m.Al o p i a t B ehl o o M hidcJ hsa l t 5 l f t n Ca r i e r o1ons a p 1 fe o f a yt i o ec vCdnt i h CoAeol ia e I c r b i e b i t e r ta 0 f r r c at a i d e 8 t a ei cr i h a Ph nssl ehs n ntoorpcWy i p e t i n t .i s eccdaCt sk e u e n l Af iq nI l asbuo a -ee d o t f l t s e0nn u oey e k8ei sbl o s anbs l n p hot a aps t p oBs Cca ryi e lCuatGv c Awi 4 l A e5 Iew Ipms n i i 0 8v 0Te,nd 8 A n a o s t i n n, nMoi t B f a c oI )o o i w i e r t t s erse 0 ( c o c i e8 efip t m s n ssvCi r e eo rte a A i e h i l p ct Ic dft o o nc nr 0 r i f8 e u op S po s t

Neha Home

Builders P. Ltd

Neha Home Builders P. Ltd. CIT

0 0 1 d e e c x e t o n s e o d s s e n i s u b s t i f o r e v o n r u t l a t s o e t r o er hc t ) (

` in the previous year relevant to the assessment year for which deduction under sub-section (1) is claimed

Para 23.3 231

ii Tax holiday may become illusory for private company start-up if MAT under section 115JB applies -

Since section 115JB dealing with MAT for companies does not contain any such provision like section 115JC, Chapter VIA-Part C deductions will have to be allowed for computing book profit for MAT purposes

. F U H r o l a u d i v i d n i n a s i e e s s e s s a r o r e f s n a r T

. ege ene s i s t s s o e e vs s s s %a a e5e h2h t nt hay hb ct i h s ee wr r oa nm i h y s nre aoh plt a t n mi i opn cao act i sep r i i yar c nhs asb p%u m5s 2 on e ca h t ph r ut e ef t t r r a oa t s m s t esh g ha i Thr

r re eo t t a f d u t p n eu m ho t o c mmr oao rss i f h r rt e a t edu e ys p i m l ei nt o ouc ,g ns i n e h i r t d a i u hl ws c syn a t i hi t u e pqs s uea n t i r w a ne t on s i f et p o l i b r e i e c s g r s i a a l b h e w u c t es r f hf uo To ps



s ree ohi s ctr f no a i n li sr i i a ypg nAa l att ps i m1p a omc . ) coe 1 ( rh df 9 t3 ed t h1 i o cs i mr i / i lehu epwR t n ei a hr T vt I i r gag e pn n yi i l pr ti n f uue d f t o r ame a s i t s d t s e a ns d eIs l nae b i i su g du d i l e o e e t i a h v er t e ho r o Tpp t

ro epi l t u a b x f at a r ca ft i l l toe p sg pss n aae a yc sb xm i tdeo c enr Au i f sse es ib l hi t sea c e l fr i i o r a ap v )h sea n yuo s t i i s t i u p qdm en e ta s x nye i , nr a gae apv dme eow vc o i H e d ce . e et r il u ’s ma yiv elt nee t oa k r mv ia or ‘tpm ) (

Angel tax under section 56(2)(viib

r o f e t . a t dc eA ue dh t ef ho t ) e1 r ( o9 f 3 e 1 bs r/ ou ne om o ec dn ai mf o sn i r nu ot i e t r a s g i l n i t i h u s i hn cr uu Sf



yy t n r a e pp o rm po lc a a i t f n eon dsi e i d r s e a e r hi n fs f o ye rt e id f u s s nqa e ao p r t u t mnt r . ooa ) i 4 rt t f ( p s C ni r e oc A l i I b t s i a bg 0 r ui 8 e l se dr n i o s i nont ofac cdse teis z e i hw l ni c t o i eu l h hs e wb Ti 

e r o f e b r o n o e d a m s i y t r e p o r p l a i t n e d i s e r f o . 2 r2 e 0 f 2 s n3 ar 1 T3 

S M R O F P U T R A T S T N E R E F F I D F O Y C A C I F F E X A T

fd oi nre neBo t h e oeh G d t i g tt4 r t s n r n e r a e 5f a e cuo vf s h i nn ss f ns c t i e o i ni i ae t t f r r at i dr e b e s ctt n i cnu ateno S y Ceq o n s e .nl Abr l e h2 Iee i i h a t 2a p t 0 t r h d0gs e 8gn 2 . pe3 l) nno d a o d i y ol ri0tn t i i i v . i po a t 1 p l a i c l lr3af evb a peco Saa i s i t l .p yrmo t n y no l ux r e f nt a daeep ar t t p i b r pa s f mrg o t e o ms r oone l ofa o s rcnl cor i u e e doto : dsf a he e hr eee s t t h e ( t i e d e t i y l i y m l h t mor st e ir r e w ilo l s e l p f e dp . s oepi em)s t e C htovos P a e a r o ra 1O wvp vn( rp i i c 2 p i r S l l r s p a a ps9E r n i i 1 p e i t t pl p f t a n n t o ueno ue er o h mt i d de t m t r r o i i c o c s s r a a se rt e e l e t n ps a s st r r i ) (



232 Para 23.3

iii Section 54GB benefit of capital gains exemption available

inter alia

Explanation

if it is a technology driven start-up so certified by the Inter-Ministerial Board of Certification notified by the Central Government in the Official Gazette.

Y T I T N E P U T R A T S R O F S E C N E U Q E S N O C X A T

t. seeo h s mr l ni t rgf a e g st e t aoo e nemd d i ru,r ye nhiyo a mnf pwea r f m)p i N , o ee S r cL r a a d(h h ens s t odf i i ma t n ic ao l le ei u a f t i t s . t a i s s p i voa e i n de r ppcep u puesr r o a ut p r e ho t a r sr r t o a ppr s t u t r c s s e dedov etiei a a s puf l i s n efs y ghoi t ottrn cfnee eo tw u f r 4oat , T m a p d Ir u a e I a t P e Per c t Df a a x t ao gs e tsfefs s n o o n eo beo e l l i lm mt s t a i saah d o c s h sc n e t ,n o s eey h s dt nic a i aeo mvn hw p t i o ,mtt orr s rpa e nh f oeoi tt t ycaf c d t g ec o se f Autae r f f i e o ei mfh hh v ioi t t t t el i e e fr es wo t f ,9pado s e v nn 7h a i ao r hnt di: oopr t 9i tp cw 1t o 0c ruaal f w 2eot s e i r i ,sr r t b t oa dpaf c t ) Ae s r ds( d a )n eenr o i l 2 e r b .eyi ro r o m a ) a g yi e( Nan lcy (, e1aeesn c2 db i u n l o n-ie o d t i a0dh e v d t n2 e 0 e y a i e r 2 l r l F r w e u p erus e o p a c o l he i l l hs t nc Ty a t i ) ( erl deh hc hee t w ti fohfh o yow pl l % n sga i e 1 nc i s r i 5r t a i f a ne hoe ay svn h eeet r h bs ht o t s r o f e ,o a hl r e a %wty e1 o y5 sne h s ngt o uns nf a i oh r o y i e t v r y r es a spa r peycd b t l s y etdn . a d hoe l t nlae e r fghphr o ymtu nl i n o l c yy a con ar i i r r c da e i s e hw f tc a t e s y n f a ow l neops s eabsgo hpeen l r t i mr a t e noeh o h ocws vt ) ( b

Para 23.3 233

See Chapter 27 v

srddny e ol n e n o r va a r ae p hahrs m seoa t efo dye yoc l e e u sdh hhn o ui t c i or t ofn u i es ho v o eph wyc r ec ya,phi nddhth atec gw r ps r nn ui a us ml ri cf ur oen ch ioda htsyde c aaey un dre r sowtu h ss t rs fe acm o o l n wl i so en o r eh r e dphtef. l gtnegd b o h n e hn o i c i s t n i sa et a h o e r n hi r vwr a o g a s hg h ep s sn nso r bo i ei l s sc e y hr hr r s t n a cai r o la eh ues l a cyt syi ) ( b

g n i o d f o e s a e e t a t i l i c . ap f u ot t r da t es t c e al b ni eg i nl ee en ba sf a ho e ns oa i s c i v e oh rt pn ei vs os be n ai es hu Tb

) (

,rr eea lrs 2 ao t e n t e 2oe a pc o sydor 1 t t n 2p yge eo s r v i n 0e hae l ue c i t 2c v g o , d w3 i e t n ev rr ea i 2 ta e efe,vf2 ysrocsao2 x s opeeehe0 tr e s e )t n 2 haepb ar egt f cmu(ra mi e n ordee syi e hc nh Y s r lst at no e t p s penir;tn r s aoilcxae a a a e , m t lrl t n s ri c l o b s e ee ow s 0att ee f , 0ya mps g y 4 % a ous n5.pgnc rA i n a2s d ner i e pfRb ei v o e rF a o h mo dlh cc r. o el x cxea xuca e ) a h s c a nt t cf tf xs( ee i ee oo t t o s tg—ntgm e , e r o t n n y o mtn a u i c oa hnbedn e drsca ce e I l s r a orpe h e an cc dumep S fo o p xu o ir.c unes e s 9 eef es v1 crv s eo o -i e mt t a e ccn8srson n 1 o r c 0er ou e fn nc c I t2mcoi

vi Concessional rate of tax of 25% for companies with turnover upto Rs. 400 crores

Enp am Mc She x Mce i h ow r t o ess l en b r o ao i l t rc i ] c a e v0uv do a0 eb s4d e Rya t a Nn r Ia xog t ap n t i ruo e rg e wer ovo o l f n dr t eu u kt o nhh[ i t t s l i i f r wwi e e l vsde e er oi nn mr ra io up a s l t c m n eo o ei hc bt t

s e/n s s ono i [ h o t i Btt c e Arps Bome 5fes 1gxo neh 1i /t dt s npn r e aoo id Ayt n Abcu B us 5ddn e e 1l o 1idt i sadi v e na d i f oe n i i o c t be c c e pg n s sn ag rc i e ny i d o f h s nc ] giw t ui e a shr s o e wo l t fye a b ] b d r n dl e x a nb a s aa t r nsT o e f i e w t i c l o e e L s r [

Para 24.11

f % o g2 n1 s ei * s t * d fde a % o u c n Rl 4 ea 4 c n en gho 9 r vi i t . t i l a 4 xh t a a 3 c ac ec= eT rhu% f f fu&d4 Eo s e x aed Tgn fraf a o o hs ht er cl * s* t a uae% Rsec4 h n 4 eg o & 9 n vi i4 . t i % t d a c 2 c3 u el 1 u= f cf f d% no Ei e4 x a eT* vf% i o2 t c . e1 et f a3 f ER=

Registered Partnership Firms/Limited Liability Partnerships Startup Private Limited Companies Startups

See Para 23.3(vi)

See



S M R O F P U T R A T S T N E R E F F I D F O Y C A C I F F E X A T

li lshi r.rrd l r 0 i e e e a t a e e ih r wv v2e ve o-y oc saawt p n9 e nmsn r1tnx i P a o u0nre nc 2 u e oL a t tp t x o rrml ycLa a oe s a n st mei /t s s sy h h o t d ot e % m T p 0 ssti co i d r s f . d 3 e i s ese f cuai , 1 o t y t i s r ei l c 2i e n e r v o p a m r r aa seFp0 r io r l s t 2e .a0 rp t ope l tcmha r l l c 2 a i e o g b s. 0 i v0 wr i ch ha ft r me i c r a 1 w % % rv y i p e l i n . l 5 5 f s p o i y e p 2s/ R n r p p p2 s s f s a a r f uP ae nou lr eou ha tLt l o x o c e b r a i ha Lf i a hr ltv t h o t a t l s e sca efs r s a %0 hlr wro s s o hre 50 sap p et l 24 n mt ied n e u a oi wvr f v t o i r t o a os tr o n l y g xd bsp a na re l ae aei t u n b e e r r c t S t a s o e c c fx ne .v e i r a s em o s o l ee ecre osub o t t g,sr neo c a o v c r a r s 4 o r r a n 2orunaa c f t ln ho i r pl a 0 3 c e c g y nsr mt a 0 e 2 v r e oo u0 n4a oo e hv i d S2o ht ct s

d e f t g% o i n2 s m 1 ei s i t dfde l a o u c n c Rl %i ea 2 c n l en g o1 hi b r vi t .u t9 i l xaa t a c ahe c2 p c eT hu= p r f % f d f u u Eo s&e4 t r x a ae t Tgd s r nf fa a o hao r echs s t t r o e l a ua c y Rse n% n 2 gho en 8 a vi i7 . &t i p t d a c u%c2 m el f c7u= o % f d f no Ei e4 c d e t i e % m: vf6 ii i l o2 l t c a ev e= et t x f aa a f a ERT vn i r a pc py un a t r p a m t s o Ac ) (



Total income exceed- Total income exing Rs. 1 cr but not ceeding Rs. 10 cr more than Rs. 10 cr Total income of Rs. 1 cr or less

234 Para 23.3

vii

See

f o e t a r e v i t c e f f e t a x a t m u m i n i m e v i t a n r e t l a , f e i l e r C A I 0 8 n o i t c e s s m i a l c d n a. y el l p b p i g a i ll l e a sh i s P% L4 L2 . f9 I 1 *

f o e t a r e v i t c e f f e t a x a t m u m i n i m e t a n r e t l a , f e i l e r C A I 0 8 n o i t c e s s m i a l c de . nl ab a e c li b l i p g p i l a e s si i % P8 L8 L4 5 f1 . I * 2 *

Y T I T N E P U T R A T S R O F S E C N E U Q E S N O C X A T

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)

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When company must be set up and registered to qualify for benefit under the section

new

Deals with

Section 115BAB

Section 115BAA

Points of comparison

Sr. No.

Para 23.3 235

CONS

i First proviso to Section 68 [second proviso w.e.f. A.Y. 202324] is applicable to private limited companies -

Taxation of Start-ups & Investors AUTHOR PUBLISHER DATE OF PUBLICATION EDITION ISBN NO NO. OF PAGES BINDING TYPE

: : : : : : :

TAXMANN TAXMANN APRIL 2022 5TH EDITION 9789356220287 812 PAPERBACK

Rs. : 1795 | USD : 58

Description This is a handy book for the taxation of start-ups & investors, including, but not limited to the following: u

Tax Holiday u/s 80-IAC of the Income-tax Act 1961

Angel Tax Exemption

All topics related to the taxation of start-ups & investors are discussed in light of the following: u

Department for Promotion of Industry and Internal Trade (DPIIT) Guidelines

Inter-ministerial Board (IMB) Decisions made in IMB Meetings

Relevant Legal Provisions

Case Laws

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