Assistance in Startup Income Tax Exemption

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Section 80-IAC allows a deduction to a start-up incorporated between 01-04-2016 and 31-03-2023, who can avail of tax holiday for 3 consecutive financial years out of its first ten years since incorporation.

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Post getting recognition under DPIIT, 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 of tax holiday for 3 consecutive financial years out of its first ten years since incorporation.

Eligibility Criteria for applying to Income Tax exemption (80IAC):

1. The entity should be a DPIIT recognized Startup 

2. Only Private limited or a Limited Liability Partnership is eligible for tax exemption under Section 80IAC

3. The Startup should have been incorporated after 1st April 2016 and before 31st March 2023

 

We at ITATOrders.in ensure that a dedicated "Legal Partner" is assigned to you and you shall be given a task link via meraoffice.in to monitor your assignment.

All you need to do is upload the relevant details and documents through the task link and our Legal Partner shall be a one-stop point of contact for all your queries and deliverables.

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