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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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