Income Tax Department probes startups over suspected Section 80-IAC misuse
NewsBytes | April 13, 2026 4:39 PM CST
Government considers stricter startup oversight
Turns out, a few startups were set up mainly to cash in on these tax perks, not to build real companies.
Now, the government is considering stricter checks and better monitoring so only legitimate startups get recognized and rewarded.
If fraud is confirmed, those fake exemptions could be taken back.
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