STARTUP TAX EXEMPTION APPLY

IMB CERTIFICATE - U/s 80IAC Tax Exemption

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

     a) The entity should be a recognized Startup (DPIIT Startup Certificate) 

     b) Only Private limited or a Limited Liability Partnership is eligible for Tax exemption u/s 80IAC

     c) The Startup should have been incorporated after 1st April, 2016

IF Exemption is granted, Startup can avail tax holiday for 3 consecutive financial years out of its first ten years since incorporation

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Startup India: 80 IAC Tax exemption

After getting a DPIIT Certificate (Startup Recognition Certificate), a Startup is eligible to 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 10 years since incorporation.

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

  • 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.

If You are running a Pvt Ltd or LLP but does not have DPIIT Startup Certificate, then

Step 1: Apply DPIIT Startup Certificate

How to Apply Startup recognition ?

check https://www.fintaxx.in/service/registration/startup-india-dipp-registration

Step 2: Apply For Tax Exemption

Documents Requirements for Startup Tax Exemption Apply

  1. MOA ( for Company) or LLP Agreement (for LLP) certified by director/partner all pages
  2. Board Resolution ( Authorising Authorised Signatory)
  3. Startup Video Link ( of product/solutions)
  4. Startup Pitch Deck
  5. Last FY ITR and Balance sheet (Audited/CA Certified )
  6. Shareholding pattern of the entity
  7. Details of Holding of Directors/shareholders in other organisations
  8. Any other details if further ask by DPIIT

Startup Tax Exemption Certificate - Sample copy

Startup Tax Exemption Certificate

Startup Video Preparation Guidelines

Form 80IAC: Video Guidelines
 

Ensure that you provide all the following details in your Video link:

  • The video should ideally be of 2-3 minutes and be no longer than 5 minutes
  • Please showcase the working of the product(s)prototype/proof-of-concept developed by your startup
  • If you are a product or software based startup then showcasing a demonstration/prototype/walk-through of the product(s)/software product(s) developed by you is compulsory
  • If you provide software or technology services such as website development, application development, developing white-label software products for clients, then please showcase a demonstration/prototype/walk-through of the product(s) developed for your key clients
  • Please also showcase the market traction that your product/service has generated through either online customer reviews, client testimonials (video/text are acceptable), or any other similar appreciation/feedback received

Note: Please upload the video is uploaded on a third-party video hosting platform such as Youtube or Vimeo. In case you are uploading the video on Google Drive please make sure that it is NOT access restricted.

Startup Pitch Deck Prepatation Guidelines

STARTUP TAX EXEMPTION APPLY
FAQs
    • Free telephonic consultation on 80IAC Tax exemption apply and its process.
      We further help to Prepare details and file your application and post application submission attend all queries if any raise by department during the process. End to end assistance till final status.
    • Yes. We are expert in preparing pitch deck as per startup guidelines.
      We can also assist in preparing professional video as per startup guidelines from our tech team.
    • Only Pvt Ltd company and LLP is eligible provided incorporated on or after 1st April 2016 but before 31st March 2023 and having DPIIT startup certificate.
    • First Apply for Startup recognition ( DPIIT startup Certificate).
      Once recognised, then you can Apply for Tax Exemption.
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