The Income Tax Department on Friday said that new DPIIT reward companies are eligible for various tax exemptions, and investments made in such companies are eligible for benefits and are not subject to scrutiny.
However, investments in companies that do not meet the necessary conditions can be examined based on the risk management strategy followed by the department, the rental tax department said in an X publication, while responding to a tweet.
“The new recognized companies that meet the conditions established in the notification … or DPIIT (Department for the Promotion of Industry and Internal Commerce) dated February 19, 2019 and the declaration of files in form 2 are eligible for various exemptions and tax deductions under the Incomino Tax Law of 1961.
Recognized start-ups that meet the conditions established in notification no. GSR 127 (E) or DPIIT dated 19.02.2019, and the declaration of files in the form-2, are eligible for various exemptions and tax deductions under the income tax law, 1961. The investments made in such companies are …
– India Intigura de la Ries (@incometaxindia) April 18, 2025
“Investments made in such companies are eligible for benefits and are not subject to scrutiny,” he said.
On February 19, 2019, the Government had relaxed the definition of new companies and allowed them to take advantage of the Fiscal Concession of Angel Complete in Investments worth up to $ 25 million rupees.
To provide these tax concessions, the department had also relaxed the definition of new companies.
Posted on April 19, 2025
