Startup India Tax Exemption (Section 80-IAC of the Income Tax Act)
The Startup India Tax Exemption under Section 80-IAC of the Income Tax Act is a powerful benefit available to DPIIT-recognized startups. It allows eligible startups to claim a 100% tax exemption on profits for any 3 consecutive years out of the first 10 years since incorporation. At JURIFINTAXX Services Private Limited, we provide expert assistance in applying for and securing this tax exemption from the Inter-Ministerial Board (IMB) with complete documentation and professional guidance.
What is Section 80-IAC Exemption?
Section 80-IAC was introduced to promote innovation and entrepreneurship by reducing the initial financial burden on startups. Eligible startups can enjoy a tax holiday for 3 years, helping them reinvest profits into growth and operations.
Why Choose JURIFINTAXX ?
Expert guidance from professionals with years of experience
Fast and accurate name approval process
End-to-end support — from name selection to incorporation
Quick response to MCA objections and queries
Eligibility Criteria
The startup must be DPIIT-recognized under the Startup India initiative.
It must be incorporated as a Private Limited Company or LLP after April 1, 2016.
Annual turnover should not exceed ₹100 crore in any financial year.
The business must be engaged in innovation, improvement, or scalable development of products/services.
Documents Required
Certificate of Incorporation
DPIIT Recognition Certificate
Financial statements and income details
Business plan and innovation summary
Declaration and supporting forms as required by IMB
Our Professional Services
Eligibility evaluation for Section 80-IAC exemption.
Preparation and filing of the Tax Exemption Application to DPIIT/IMB.
Drafting of supporting documents and financial reports.
Regular follow-ups until approval and issuance of exemption certificate.
Guidance on claiming the exemption in income tax returns.