80 IAC Tax Exemption
Startup India Tax Exemption is a government initiative providing tax benefits to Indian startups for 3 years. Eligible startups can enjoy a 100% tax exemption on their profits for 3 consecutive years, which helps them reinvest in their business and promote growth.This scheme encourages entrepreneurship and innovation in the country, creating more opportunities and jobs for the youth.
All About Startup India Scheme Tax Exemptions for Startups
Eligibility for Tax Exemption under Section 80 IAC?
- The entity should be a recognized Startup
- Only Private limited or a Limited Liability Partnership is eligible for Tax exemption under Section 80IAC.
- The Startup should have been incorporated after 1st April, 2016.
How will we help you?
- Pitch deck Preparation (As Per Government Guideline)
- Application submission
- Monitoring & Tracking
- Ad Hoc and Guidance Support
Documentation Checklist
- MOA for Private Limited companies and LLP Deed for LLP companies (PDF File Signed and stamped on each and every page)
- Audited Report (Profit & Loss and Balance Sheet) (From Company’s Date of Incorporation to Current Year)
- ITR Acknowledgement (From Company’s Date of Incorporation to Current Year)