What is Tax Exemption under Section 80 IAC?
Section 80IAC provides a vital tax exemption for eligible startups. It's a government initiative that offers an income tax holiday for three consecutive years out of the first ten since incorporation, easing the financial burden on emerging businesses and facilitating their development.
Benefits of Tax Exemption
Startups Capital Freedom
1
Liquidity
2
Reduced Pressure
3
Operational Flexibility
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 We Will Help You?
By Providing Comprehensive Support!
- 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).
Ready to Get Started?
Download the Egniol App — Your one-stop solution for startup compliance, consulting, and growth strategies.
Android DownloadIOS DownloadDisclaimer: The information presented in this blog is sourced from various online platforms and portals.