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      Question

      With respect to the tax benefit for the Startups,

      consider the following statement: I. Extension of the date of incorporation by one year for income tax benefits to start-ups II. The benefit of carrying forward losses on change of shareholding of start-ups from seven years incorporation to ten years. III. The central government will be going to open a new incubation center for women startups. Which of the above statement is/are correct?
      A I only Correct Answer Incorrect Answer
      B II only Correct Answer Incorrect Answer
      C III only Correct Answer Incorrect Answer
      D I and II both Correct Answer Incorrect Answer
      E I and III both Correct Answer Incorrect Answer

      Solution

      The correct answer is D

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