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Questions | Answers | Discussions | Knowledge sharing | Communities & more.
What is the concept of tax holiday for special economic zones (SEZs)?
SEZ units enjoy tax holidays on export profits for the first five years, 50% tax exemption for the next five years, and up to 50% reinvestment allowance for the next five years.
SEZ units enjoy tax holidays on export profits for the first five years, 50% tax exemption for the next five years, and up to 50% reinvestment allowance for the next five years.
See lessWhat are the tax implications of mergers and acquisitions?
Mergers and acquisitions can have tax implications such as capital gains tax on the transfer of shares and assets, and the possibility of carrying forward and setting off accumulated losses.
Mergers and acquisitions can have tax implications such as capital gains tax on the transfer of shares and assets, and the possibility of carrying forward and setting off accumulated losses.
See lessHow is dividend distribution tax (DDT) applied?
DDT was levied on companies distributing dividends, but it has been abolished from April 1,
DDT was levied on companies distributing dividends, but it has been abolished from April 1,
See lessWhat are Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT)?
MAT and AMT are provisions to ensure that companies and certain entities pay a minimum amount of tax even if they have tax exemptions or deductions.
MAT and AMT are provisions to ensure that companies and certain entities pay a minimum amount of tax even if they have tax exemptions or deductions.
See lessWhat is the corporate tax rate in India?
The corporate tax rate varies, with a base rate of 25% for domestic companies with a turnover up to Rs. 400 crore and 30% for others, plus applicable surcharges and cess.
The corporate tax rate varies, with a base rate of 25% for domestic companies with a turnover up to Rs. 400 crore and 30% for others, plus applicable surcharges and cess.
See lessHow can startups apply for angel tax exemption?
Startups can apply for exemption by submitting a declaration and necessary documents to the DPIIT.
Startups can apply for exemption by submitting a declaration and necessary documents to the DPIIT.
See lessWhat is angel tax?
Angel tax is levied on the excess amount received by a company over the fair market value of its shares when it raises funds from an angel investor.
Angel tax is levied on the excess amount received by a company over the fair market value of its shares when it raises funds from an angel investor.
See lessHow can a startup qualify for tax benefits under Section 80-IAC?
The startup must be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) and meet specified conditions.
The startup must be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) and meet specified conditions.
See lessWhat is Section 80-IAC?
Section 80-IAC provides a 100% tax deduction on profits for eligible startups for three consecutive years within the first ten years of incorporation.
Section 80-IAC provides a 100% tax deduction on profits for eligible startups for three consecutive years within the first ten years of incorporation.
See lessQ: What tax benefits are available for startups in India?
Startups can avail tax exemptions under Section 80-IAC, carry forward losses, and enjoy benefits on angel tax exemptions.
Startups can avail tax exemptions under Section 80-IAC, carry forward losses, and enjoy benefits on angel tax exemptions.
See less