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. इन शर्त ते त ङलाणियूं हातितुं पुरयूंनि हुजिनि थयूं:
- 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.
