Startup India — Tech Evolutions

Entry	Year	Description	Impact
Finance Act, 2017	2017	Introduced Section 80IAC in the Income Tax Act, 1961, providing for a 100% deduction of profits and gains for eligible startups for three consecutive assessment years out of ten years.	Provided a significant tax holiday incentive for recognized startups, directly reducing their tax burden during critical early growth phases and encouraging reinvestment of profits.
Finance Act, 2019	2019	Introduced amendments to address the 'angel tax' issue (Section 56(2)(viib) of the Income Tax Act) by exempting DPIIT-recognized startups from its purview, subject to certain conditions.	Provided crucial relief to startups from the contentious angel tax, which had previously deterred investments. This move significantly improved investor confidence and simplified fundraising for eligible startups.
Insolvency and Bankruptcy Code (Amendment) Act, 2018	2018	Refined provisions related to fast-track insolvency resolution, making the process more efficient and accessible.	While not exclusively for startups, these amendments indirectly benefited them by further streamlining the process for easier and quicker business exits, reducing the perceived risk of entrepreneurship.
Companies (Amendment) Act, 2017 & 2020	2017, 2020	Introduced various relaxations in compliance requirements for private companies and small companies, some of which are applicable to startups.	Reduced the compliance burden and cost of doing business for many startups, aligning with the 'simplification' pillar of the Startup India Action Plan.