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:
- हिक प्राईवेट लिमिटे़ कम्पनी या हिक लिमिटेड लाऐबिलिटी भाईवारी,
- 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.
