Section 80 IAC of the Income Tax Act allows an eligible startup to claim a deduction of one hundred percent of its profits for three consecutive years out of its first ten years. This is a valuable benefit that improves cash flow in the early stage.
To claim it, the startup must be recognised by DPIIT, incorporated as a Private Limited Company or LLP, and meet the turnover and innovation criteria. The application is made to the inter ministerial board.
Our experts assess your eligibility, prepare the application and file it for you.
Claim full profit deduction for three years.
Retain more funds to grow the business.
Reinvest tax savings into the startup.
A recognised startup benefit.
Signals a compliant, eligible startup.
We manage the application end to end.
We check your eligibility for the exemption.
We ensure your startup is DPIIT recognised.
We prepare the application and documents.
We file to the board and follow up.
Talk to our experts today. Your first consultation is free.
Book a Free Consultation