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Tax Exemptio

Startups recognized under section 80 IAC of the Income Tax Act can apply for a three-year tax exemption within their first ten years of incorporation. Eligible entities must be private limited or LLPs incorporated after April 1, 2016. The scheme aims to promote entrepreneurship and economic growth by providing financial advantages to startups in their early stages.

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manthan.takiar66
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6 views1 page

Tax Exemptio

Startups recognized under section 80 IAC of the Income Tax Act can apply for a three-year tax exemption within their first ten years of incorporation. Eligible entities must be private limited or LLPs incorporated after April 1, 2016. The scheme aims to promote entrepreneurship and economic growth by providing financial advantages to startups in their early stages.

Uploaded by

manthan.takiar66
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Income TAx Exemption

About Scheme
Post getting recognition a Startup may apply for Tax exemption under section 80 IAC of the Income
Tax Act. Post getting clearance for Tax exemption, the Startup can avail tax holiday for 3 consecutive
financial years out of its first ten years since incorporation.

Eligibility Criteria
The entity should be a recognized Startup
The Startup should have been incorporated after 1st April, 2016
Only Private limited (PVT. LTD. / OPC) or a Limited Liability Partnership (LLP ) is eligible for Tax
exemption under Section 80IAC.

Benefits
Three-year tax exemption for recognized startups, boosting their financial advantage in the early
stages. The government’s tax exemptions promote entrepreneurship, fostering innovation and
driving economic growth.

Without Support

With Support

80 IAC
80 IAC

W ork Process
01 02

Pitch deck preparation & Video presentation


required documents formation (in customer scope)
(Will make from here )

04 03

Application Application submission on


monitoring the portal under 80 IAC

05 06 07

If any query generate Application final screening


Overall hand-
then will resolve it. by the CBDT - Central
holding till the end.
Board of Direct Taxes

D ocument Checklist
Pitch Dec

Letter of Authorization

Start-Up Video Lin

M OA (for Pvt. Ltd.) or LLP Deed (for LLP)

Audited Financials of the Last 3 Years (Declaration if not available

Income Tax return for the last 3 years (Declaration if not available)

Success Stories
150+
Startups received the 3 years of

Income Tax Exemption

+91 9601618727 Info@startupsahay.com startupsahay.com

Note: Consulting fees are non-refundable and we cannot guarantee that the funds requested will be approved;
instead, we have been charged for support with document preparation and application submission.

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