Economy Piyush Goyal explains various tax exemptions, benefits received by startups Updated : December 11, 2019 06:44 PM IST A DPIIT-recognised startup can apply for full tax deduction on profits and gains from businesses under Section 80IAC. Startups are also exempt from tax when it receives fund from issue of shares. The government has also relaxed the condition of 50 percent minimum holding of share capital or voting rights in the startup to 25 percent. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.