the board shall validate startups for the income tax exemption on profits under section 80-iac of the income tax act:
A DIPP-recognised startup shall be eligible to apply to the Inter-Ministerial Board for a full deduction on the profits and gains from the business. Provided the following conditions are fulfilled:
- এক প্ৰাইভেট লিমিটেড কোম্পানী বা সীমিত দায়বদ্ধতা অংশীদাৰীত্ব,
- Incorporated on or after 1st April 2016 but before 1st April 2030, and
- the startup is engaged in the innovation, development, or improvement of products, processes, or services or a scalable business model with a high potential for employment generation or wealth creation.
