Thread by @abhishekrajaram

Unlock the Vault: 🗝️
Hidden Tax Benefits for Indian Startups to Boost Growth 🇮🇳🚀

Namaste! 🙏
Many Indian startups overlook valuable tax benefits as per the Indian Income Tax Act and other relevant acts, leaving lakhs or even crores of rupees unclaimed. 💰📉

Example 1: R&D tax benefits (Section 35 of Income Tax Act) 🧪🔬

Innovative Indian startups can claim tax deductions for their research and development activities, allowing them to reinvest in their business and accelerate growth. 💡🚀

Example 2: Carry forward losses (Section 72 of Income Tax Act) 💼📈

Don't let initial business losses hold you back!

Carry forward those losses for up to 8 years to offset future profits, easing the burden during expansion and growth phases. 🌱📊

Example 3: Employee stock options 🏆👩‍💼

Attract and retain top talent with smart compensation packages using ESOPs.

Minimize tax liabilities and keep your valuable employees motivated and committed. 📊💪

Example 4: Depreciation deductions (Section 32 of Income Tax Act) 🔧🖥️

Lower your taxable income by checking if your startup qualifies for depreciation deductions on equipment, furniture, or other eligible assets.

Every little bit counts! 🪑💼

Example 5: Tax exemptions for investors 💼🤝

Make your startup more appealing to potential investors by informing them about tax exemptions on their investments in qualified startups under the Startup India initiative.

A win-win situation! 💸🌟

Don't let these hidden tax benefits slip through the cracks!

Consult a tax professional to maximize your startup's potential and fuel your growth journey. 🚀💼🎯
#IndianStartups #TaxBenefits #Innovation #Entrepreneurship #HiddenTreasures #BusinessSuccess #StartupIndia 🇮🇳🌟