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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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