80-IAC Form Completed

  • 1
    Step 1
    Document Requirements
  • 2
    Step 2
    Recognition Form Details Confirmation & 80-IAC Details
  • 3
    Step 3
    80-IAC Exemption Evaluation
  • 4
    Step 4
    Broad Parameters
  • 5
    Step 5
    Acknowledgement

80-IAC

Details & Documents Required

The Income Tax Exemption under Section 80-IAC is a key incentive under the Government of India's Startup India initiative. Eligible startups can avail of a 100% tax deduction for three consecutive financial years within their first ten years of incorporation.

Who Can Apply?

A DPIIT-recognized startup that meets the following criteria:

  • Incorporated as a Private Limited Company or LLP.
  • Should be incorporated on or after 1st April 2016.
  • Must be less than 10 years old.
  • Annual turnover should be less than ₹100 crore in any financial year.
  • Should be working towards innovation, improvement of products/processes/services, or scalable business models with high potential for employment or wealth creation.
  • Should not be formed by splitting or reconstructing an existing business.

Required Documents for Application

To apply for 80-IAC exemption, the following documents are required:

  1. 1Shareholding Details: Shareholding pattern as per the Memorandum of Association and the latest updated shareholding structure.
  2. 2Board Resolution: Copies of any resolutions passed concerning the application or eligibility.
  3. 3 Income Tax Returns: Acknowledgement receipts for the past three years (or as applicable).
  4. 4Audited 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. 5Chartered Accountant (CA) Certification:
    • for Formation of Startup : - 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.Click here to view format
    • Declaration of Scalability : If there is a >10% growth in revenue from one year to the next OR 25% growth over 2 years OR over 33% growth over 3 years.Click here to view format
  6. 6 Proof of Credit Rating: If a credit rating has been obtained from an accredited agency, supporting documents should be provided.
  7. 7 Intellectual Property Rights (IPR): Proof of IPR filings, including:
    • Patent/Copyright/Industrial Design filings.
    • journal publications of patents/copyrights/designs.
    • Granted patents/copyrights/designs, if applicable.
  8. 8 Awards and Recognitions: Proof of awards at different levels:
    • District-level awards by government or corporate entities.
    • State-level awards by government authorities.
    • National-level awards by government bodies or recognized international agencies, if applicable.
  9. 9 Pitch Deck: Any relevant presentations showcasing the business, product, or service.
  10. 10HR Declaration & Employment Records:
  11. 11 Proof of Investment Received: Click here to view format
    • Declaration Regarding Funding Obtained and Investor Details.
    • Term sheets, investment agreements, or bank statements showing external funding amounts; Investor certificates, funding agreements, or tax returns/GST filings substantiating revenue figures.

How to Apply?

  • Go to Step 2 and confirm the details of your recognition.
  • Fill in the 80-IAC Details required for Step 2 and proceed to the next step.
  • Fill out Step -3 and proceed forward to the next step.
  • Add documents and details on Step 4 and move to Step 5.
  • Click on I accept terms and conditions, and submit the final Application.

80-IAC

Data has been fetched from your recognition form. To modify the details, kindly go to the Recognition Form. Please note: The latest details from the recognition Form will be automatically fetched here.

I confirm that all the details provided in this Startup Recognition application are true and accurate to the best of my knowledge. I understand that any misrepresentation or concealment of facts may result in the revocation of the recognition certificate and could attract penalties as per the applicable laws.
The data filled above is up to date, kindly Confirm Details.

  1. 1. Existing/Proposed Activities*

    Toolkit for MoA

    You are requested to upload authorized signatory/director certified MoA. If you possess a SPICe MoA then you are requested to please take a printout of the same and upload a scan of the printout or to convert the SPICe MoA into a print-able PDF before uploading. Please do not upload the SPICe MoA as is.

  2. 2. Shareholding Pattern*

    S. No Name of the Director/Partner Type DIN/DPIN Percentage of shareholding Are they a Director/Partner in any other entity Number of Entities Action
    1
    S. No Name of the Director/Partner Type DIN/DPIN Percentage of shareholding Are they a Director/Partner in any other entity Number of Entities Action
    1

  3. 3. Income Tax returns

    S. No Financial Year Income
    1 2024-2025
    Toolkit for Financial Statements

    Updated financial statements (Income Tax Returns) for the past three years or from the year of incorporation. o Note – The Balance Sheet and the Profit and Loss Statement must be CA Certified

  4. 4. Startup Video Link:*

  5. 5. Upload Pitchdeck:*
    Info
    Please upload pdf file upto 5 mb

  6. 6. Startup Website URL:*

  7. 7. Clarifications:

    Date Clarification Query Document Action

  8. 8. Self-Certification: Please Certify that:

    Please note that the Inter-Ministerial Board holds the power of cancellation of the application/   Certificate of Eligibility/ Certificate of Recognition, in case any of the information provided above is found to be untrue/ incorrect.

80-IAC

Score card to evaluate applications of exemption under section 80-IAC

1. Annual Accounts of the Startup*

S.NO Financial Year Balance Sheet Trading and Profit & Loss Account Revenue Profit/Loss
1 2024-2025
Toolkit for Financial Statements

Updated financial statements (Balance Sheet, Profit & Loss statement) for the past three years or from the year of incorporation o Note – The Balance Sheet and the Profit and Loss Statement must be CA Certified

80-IAC

Broad Parameters

Certificate of Incorporation or Registration or Certificate from the Registrar of Firms

Certificate of Incorporation or Registration or Certificate from the Registrar of Firms

Certificate of Incorporation or Registration or Certificate from the Registrar of Firms

Certificate of Incorporation or Registration or Certificate from the Registrar of Firms

Certificate of Incorporation or Registration or Certificate from the Registrar of Firms

Certificate of Incorporation or Registration or Certificate from the Registrar of Firms

Certificate of Incorporation or Registration or Certificate from the Registrar of Firms

Certificate of Incorporation or Registration or Certificate from the Registrar of Firms

Certificate of Incorporation or Registration or Certificate from the Registrar of Firms

Certificate of Incorporation or Registration or Certificate from the Registrar of Firms

80-IAC

Acknowledgement

I hereby declare that all information provided in this Form 80-IAC submission is true and accurate to the best of my knowledge. Our startup is duly recognized by the Department for Promotion of Industry and Internal Trade (DPIIT). We confirm that our turnover has not exceeded ₹100 crore in any financial year since incorporation, aligning with the eligibility criteria outlined in Section 80-IAC of the Income Tax Act, 1961. Furthermore, we affirm that our business was not formed by splitting up or reconstructing an existing entity. We understand that any misrepresentation or concealment of facts may result in the revocation of the tax exemption and could attract penalties as per the Income Tax Act.