Extending the period for claiming deduction by start-ups :

CLAUSE(S) OF FINANCE BILL, 2017	PARTICULARS OF AMENDMENTS	SECTION	AMENDMENT / NEWLY INSERTED	APPLICABLE W.E.F.	BRIEF OF AMENDMENT
36	Extending the period for claiming deduction by start-ups	80-IAC	AMENDED	01st April 2018 (A.Y. 2018-19)	It is proposed that deduction of amount equal to one hundred per cent of the profits and gains derived from eligible business of startups for three consecutive assessment years out of seven years beginning from the year in which such eligible start-up is incorporated. ( Previously deduction of profits for three consecutive assessment years out of five years )