Section 80-IAC of ITA, 1961 : Section 80-Iac: Special Provision In Respect Of Specified Business

ITA, 1961

JavaScript did not load properly

Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.

Explanation using Example

Imagine a scenario where a new technology company, "InnovTech Solutions LLP", has been incorporated on April 10, 2019. This company is focused on developing an advanced artificial intelligence software that can help diagnose diseases from medical imaging with greater accuracy than current methods.

InnovTech Solutions LLP has a total turnover of 15 crore rupees in the financial year 2020-2021, and it has been recognized by the Inter-Ministerial Board of Certification for its innovative...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.

🚀 Special Offer! Enjoy 1 Year of Ad-Free Browsing with any subscription.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: We're building AI tools for the Indian Law community. Help shape the future by filling out this quick form for a chance to get a free 1-year usage of the requested tool.

Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app

Kanoon Library Android App - Play Store LinkKanoon Library iOS App - App Store Link