The deduction under section 80IAC shall be available to eligible start up (incorporated between 01-04-2016 to 01-04-2021) for a period of three consecutive assessment years out of __________ beginning from the year in wh

CS Executive · Tax Laws · PYQS · June 2024
The deduction under section 80IAC shall be available to eligible start up (incorporated between 01-04-2016 to 01-04-2021) for a period of three consecutive assessment years out of __________ beginning from the year in which it was incorporated.
(A) 5 years
(B) 7 years
(C) 8 years
(D) 10 years

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic