CBDT notifies Exemptions to Startups on Income Tax Chargeable u/s 56(2)(viib) of Income Tax Act [Read Notification]

By Navasree A.M - On May 25, 2023 5:49 pm - 2 mins read

CBDT notifies Exemptions to Startups - on Income Tax Chargeable Income Tax Act - TAXSCAN

Suppressing the notification vide number S.O. 1131(E) dated 5th March 2019, the Central Board of Direct Taxes (CBDT) has notified the exemption to startups on income tax chargeable under the head ‘Income From Other Sources’ as per Section 56(2)(viib) of the Income Tax Act, 1961, deemed to have come in to force on 1st April…

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