Tax Exemption for Startup Under Section 80-IAC

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 Bilkul! Yahaan pe jo article diya gaya hai, usme Section 80-IAC ke under milne wali tax exemption for startups ka explanation diya gaya hai — main aapko simple mix of English-Hindi mein samjhaata hoon:

๐Ÿ“Œ Kya Hai Section 80-IAC?

Section 80-IAC ek tax benefit deta hai un startups ko jo eligible businesses mein kaam kar rahe hain. Agar aapka startup eligible hai, toh aap apne profits par 100% tax deduction le sakte ho — kisi bhi 3 continuous saal tak, pehle 10 saal ke andar.

๐Ÿ“… Budget 2025 Update

Jo deadline pehle March 2025 thi eligible startups ke liye (to get this benefit), usko extend kar ke 2030 kar diya gaya hai. So, ab naye startups jo 2030 tak register honge, woh bhi iska benefit le sakte hain.

๐ŸŽฏ Purpose (Uddeshya) of Section 80-IAC

  • Startups ko unke initial years mein support dena.

  • Innovation, R&D ko encourage karna.

  • Tax evasion kam karna aur honest taxpayers ko badhava dena.

  • Investors ko motivate karna to invest in genuine Indian startups.

✅ Benefits of Section 80-IAC

  • 100% tax exemption for 3 years (within first 10 years).

  • Advance tax bharne ki zarurat nahi hoti — tax liability = NIL.

  • Financial burden kam hota hai, startup apne resources aur efficiently use karta hai.

  • Application process online aur free hai — easy compliance!

๐Ÿ“ Eligibility Criteria (Kaun Apply Kar Sakta Hai?)

  1. Entity should be a Company (PLC) ya LLP.

  2. Startup 31 March 2016 ke baad aur 1 April 2025 ke pehle incorporate hua ho.

  3. Turnover Rs. 100 crore se kam ho last year.

  4. DPIIT se recognised startup hona chahiye.

  5. Inter-Ministerial Board se certificate lena hoga.

  6. Startup koi existing business ko tod kar nahi banaya gaya ho.

  7. Agar purani machinery use hui ho, toh uski value 20% se zyada nahi honi chahiye.

๐Ÿ“‹ Application Process (Kaise Apply Karein?)

Step 1:

Startup India portal pe login karo aur DPIIT se recognition ke liye apply karo.

Step 2:

“Claim Tax Exemption” option chuno aur form bhar do — jaise:

  • Startup ka naam

  • Date of incorporation

  • Business nature (LLP or PLC)

  • Contact and PAN details etc.

Step 3:

PDF mein kuch documents submit karne hote hain:

  • LLP Deed ya MOA (depending on type)

  • Board resolution (agar hai toh)

  • CA certified balance sheet, P&L statement

  • 3 saal ke financials / IT returns

  • Pitch deck aur video pitch

  • Angel tax exemption certificate (agar liya hai)


Location: India