80 IAC Tax Exemption Certificate in Aligarh, Uttar Pradesh

Startup India: 80 IAC Tax exemption in Aligarh, Uttar Pradesh - 80 IAC Tax Exemption certificate

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 for applying to Income Tax exemption (80IAC) in Aligarh, Uttar Pradesh:

• The entity should be a recognised 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 to 31st March 2030.

Startup India: Tax Exemption under Section 56 of the Income Tax Act (Angel Tax)

Post getting recognition a Startup may apply for Angel Tax Exemption.

Eligibility Criteria for Tax Exemption under Section 56 of the Income Tax Act:

• The entity should be a DPIIT recognised Startup
• Aggregate amount of paid up share capital and share premium of the Startup after the proposed issue of share, if any, does not exceed INR 25 Crore.

To apply for 80-IAC exemption, the following documents are required for Startups of Aligarh, Uttar Pradesh :

1. Shareholding Details: Shareholding pattern as per the Memorandum of Association and the latest updated shareholding structure.

2. Board Resolution: Copies of any resolutions passed concerning the application or eligibility.

3. Income Tax Returns: Acknowledgement receipts for the past three years (or as applicable).

4. Audited Financial Statements: Balance Sheet & Profit and Loss Statement for the past three years (or as applicable), along with specific details of revenue generated and profit/loss during those years.

5. Chartered Accountant (CA) Certification:

   A) Declaration for Formation of Startup (Annexure 1)- Authorisation letter explicitly stating that the startup is not formed by splitting up or reconstruction of an already existing business, except where applicable under Section 33B of the Income Tax Act; The startup is not formed by the transfer of machinery or plant previously used for any purpose.

   B) Declaration of Scalability (Annexure 2)- If there is a >10% growth in revenue from one year to the next in the latest year OR 25% growth over the latest 2 years OR over 33% growth over the latest 3 years

6. Proof of Credit Rating: If a credit rating has been obtained from an accredited agency, supporting documents should be provided.

7. Intellectual Property Rights (IPR): Proof of IPR filings, including:

   a) Patent/Copyright/Industrial Design filings.

   b) Official journal publications of patents/copyrights/designs.

   c) Granted patents/copyrights/designs, if applicable.

8. Awards and Recognitions: Proof of awards at different levels:

    a) District-level awards by government or corporate entities.

    b) State-level awards by government authorities.

    c) National-level awards by government bodies or recognised international agencies, if applicable.

9. Pitch Deck/Videos: Any relevant presentations or video materials showcasing the business, product, or service.

10. HR Declaration & Employment Records:

   a) Declaration Regarding Employees Pursuing/ Holding M.Tech/PhD Degrees and Research Papers/Publications (Annexure 3)

    b) Total direct employment details (Annexure 4)? Employment of Females, Persons with Disabilities, Persons from SC/ST Categories (Annexure 4)

   c) Employees Based in Non-Metro Cities (Annexure 4)

11. Proof of Investment Received (Annexure 5):

     a) Declaration Regarding Funding Obtained and Investor Details

     b) Term sheets, investment agreements, or bank statements showing external funding amounts; Investor certificates, funding agreements, or tax returns/GST filings substantiating revenue figures.

Section 80IAC of the Income Tax Act grants 100% tax exemption for 3 consecutive financial years to eligible startups.

This benefit is provided only after DPIIT recognition and approval by the Inter-Ministerial Board (IMB).

Key Benefits of 80IAC:

• Zero normal income tax for 3 years (MAT Applicable)

• Boosts early-stage cash flow

• Encourages innovation and reinvestment

• Makes your startup more attractive to investors

• Reduces operational financial burden

Eligibility Criteria for 80IAC Tax Exemption 

- for DPIIT Recognised startups in Aligarh, Uttar Pradesh 

Your startup must meet the following conditions:

• Registered as a Private Limited Company or LLP

• Incorporated after 1st April 2016 to 31st March 2030

• Annual turnover below ?100 Crores

• DPIIT-recognized startup

• Innovative product/service or scalable business model

• Not formed by splitting or reconstructing an existing business

If you're unsure about eligibility, our experts will evaluate it for free.

We provide end-to-end support tailored for startups in Aligarh, Uttar Pradesh:

Our Services Include:

• Eligibility verification

• Preparation of all required documents

• Business model analysis and drafting

• Financial projections as required by IMB

• Filing of 80IAC application

• Representation & follow-up until approval

Process to Obtain 80IAC Tax Exemption Certificate

• Initial Review & Eligibility Check

• Document Preparation & Formatting

• Drafting of Innovation & Business Model Note

• Filing with DPIIT / IMB

• Follow-up and Response Handling

• Final Approval & Certificate Issuance

?

Why Choose FinTax for 80IAC Filing in Aligarh, Uttar Pradesh?

• 9+ years of experience in Startup India filings

• Specialized team of CA, CS & tax experts

• 1000+ startup registrations successfully handled

• Transparent pricing

• Dedicated relationship manager

• End-to-end support until approval

80IAC FAQs for Startups in Aligarh, Uttar Pradesh

1. Can LLP startups apply for 80IAC?

Yes. Both Private Limited Companies and LLPs are eligible.

2. How long does it take to get 80IAC approval?

Generally 6 - 9 months, depending on DPIIT/IMB review.

3. Do I need DPIIT recognition before 80IAC?

Yes. DPIIT recognition is mandatory.

4. Is 80IAC available to Section 8 Company?

No. Only Pvt Ltd and LLP entities qualify.

5. Is 80IAC available to Registered Partnershiop Firm

No. Only Pvt Ltd and LLP entities qualify.

Get Your 80IAC Tax Exemption Certificate – Start Today

If you are a startup in Aligarh, Uttar Pradesh, our team is ready to help you obtain your 80IAC Tax Exemption Certificate quickly and professionally.
Book a free consultation today Call Us +91-7210000745