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.
کُس ہٮ۪کٕہ درخواست کٔرِتھ؟
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:
- 1Shareholding Details: Shareholding pattern as per the Memorandum of Association and the latest updated shareholding structure.
- 2Board Resolution: Copies of any resolutions passed concerning the application or eligibility.
- 3 Income Tax Returns: Acknowledgement receipts for the past three years (or as applicable).
- 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.
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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 Proof of Credit Rating: If a credit rating has been obtained from an accredited agency, supporting documents should be provided.
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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.
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Awards and Recognitions: Proof of awards at different levels:
- سرکٲری افسر، اہلکار، سرکٲری، عہدٕ دار.
- سرکٲری افسر، اہلکار، سرکٲری، عہدٕ دار.
- National-level awards by government bodies or recognized international agencies, if applicable.
- 9 Pitch Deck: Any relevant presentations showcasing the business, product, or service.
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10ایچ آر ڈیکلریشن اینڈ ایمپلائمنٹ ریکارڈ:
- ایم ٹیک/پی ایچ ڈی ڈگری تہٕ ریسرچ پیپرز/اشاعتن ہنٛد تعاقب/ہولڈنگ ملازمین کس بارس منٛز۔ فارمیٹ وٕچھنہٕ خٲطرٕ کٔرو یتہٕ کلک۔
- کل براہ راست روزگارٕچ تفصیلات۔ فارمیٹ وٕچھنہٕ خٲطرٕ کٔرو ییٚتہ کلک۔
- زنانن ہنٛز ملازمت، معذور افراد، ایس سی/ایس ٹی زمرن ہنٛد افراد۔ فارمیٹ وٕچھنہٕ خٲطرٕ کٔرو یتھ پؠٹھ کلک۔
- غٲر میٹرو شہرن منٛز روزن وٲلۍ ملٲزم۔ فارمیٹ وٕچھنہٕ خٲطرٕ کٔرو ییٚتہ کلک۔
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موصولہ سرمایہ کٲری ہنٛد ثوٚبوت: فارمیٹ وٕچھنہٕ خٲطرٕ کٔرو ییٚتہ کلک۔
- 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.
درخواست کِتھ پٲٹھ کَرو؟
- مرحلہٕ 2 ہس پؠٹھ گژھ تہٕ کٔرو پننہ شناختٕچ تفصیلن ہنٛز تصدیٖق۔.
- Fill in the 80-IAC Details required for Step 2 and proceed to the next step.
- مرحلہ-3 کریو پرٕ تہٕ دیمہٕ مرحلس کن بڑھو۔.
- Add documents and details on Step 4 and move to Step 5.
- Click on I accept terms and conditions, and submit the final Application.
