If you are a Startup registered as a Private Limited Company or LLP and looking to claim the 100% Income Tax Exemption under Section 80-IAC, you’re in the right place.
FinTax Corporate Professionals LLP provides end-to-end 80IAC Tax Exemption Services in Yavatmal, Maharashtra, helping eligible startups secure tax holiday benefits, reduce tax liability, and reinvest profits back into growth.
Our experts handle documentation, DPIIT compliance, IMB approval, and full filing support—ensuring a smooth, error-free process from start to finish.

Tax exemption for startups in India  - DPIIT Startup tax exemption

What is Section 80-IAC?

Section 80-IAC of the Income Tax Act provides a 100% tax exemption for 3 consecutive years to eligible startups recognized by DPIIT.

This exemption allows startups to retain capital, hire talent, innovate, and scale faster during the initial years of business.

To avail the 80-IAC exemption, a startup must:

• Be a Private Limited Company or an LLP

• Be incorporated on or after 1 April 2016

• Be DPIIT-recognized

• Have an annual turnover below ?100 Crore in any year since incorporation

Why DPIIT Recognition is Mandatory

DPIIT recognition is the gateway to all Startup India benefits, including:

• Section 80-IAC income tax exemption

• Angel tax relief

• Fast-track IP support

• Access to government tenders

• Startup funding schemes

FinTax helps startups in Yavatmal, Maharashtra obtain DPIIT recognition seamlessly.

• Be engaged in innovation / technology / product development

• Not be formed by splitting or reconstructing an existing business

• Not be engaged in blacklisted activities like liquor, tobacco, gambling, etc.

Startups approved under Section 80-IAC enjoy:

• 100% tax exemption for any 3 consecutive years

•  Significant savings during early-stage growth

• Higher reinvestment capacity

• Improved cash flow and valuation

• Better investor confidence

1. DPIIT Recognition (If not already obtained)

• Founders’ details

• Innovation write-up

• Pitch deck

• MCA documents

2. Preparation of Application Form for IMB Approval

We prepare every document required by the IMB (Inter-Ministerial Board).

3. Compilation of Supporting Documents

• COI (Certificate of Incorporation)

• Audited financials

• ITR filings

• Business plan

• Innovation evidence

4. Submission to IMB & Follow-up

We represent your case and ensure timely processing.

5. Post-Approval Guidance

Including claiming the exemption in Income Tax Return.

Common Mistakes Startups Should Avoid

• Applying without DPIIT recognition
• Submitting incomplete Form-1
• Not demonstrating innovation clearly
• Missing financial documents
• Engaging in ineligible business activities
• Applying without expert review

FinTax prevents these errors and ensures strong approval chances.

Why Choose FinTax for 80-IAC Tax Exemption?

• Startup specialists with 10+ years of expertise

• 1000+ DPIIT & 80-IAC filings handled

• Best approval rate in the industry

• Clear guidance & transparent fees

• Dedicated experts for Yavatmal, Maharashtra

1. Is DPIIT recognition mandatory for 80-IAC?

Yes. Without DPIIT recognition, the exemption cannot be claimed.

2. Can LLP apply for 80-IAC?

Yes, LLPs and Private Limited Companies are eligible.

3. How many years of exemption are allowed?

Any 3 consecutive years within the first 10 years of incorporation.

4. Who approves 80-IAC exemption?

The Inter-Ministerial Board (IMB).

5. Can I apply if turnover exceeds ?100 crore?

No, exceeding the limit makes the startup ineligible.

6. Whether Partnership Firm is eligible for 80IAC?

No. Only Private Limited Company and LLP are eligible

Contact FinTax Team – Your 80-IAC Experts in Yavatmal, Maharashtra

FinTax Corporate Professionals LLP
Call us +91-7210000745 / 746
www.fintaxx.in

We help startups get DPIIT recognition + 80-IAC approval smoothly and efficiently.
Start your tax-benefit journey today!