80IAC Registration

80I AC Registration helps businesses claim tax exemptions under Section 80I for profits from specified industries, promoting industrial growth, investment, and economic expansion across India.Discover how our tech solutions can transform your business. Explore our features and take your business to new heights.

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    Overview

    Overview of 80IAC Registration in India .

    Section 80IAC of the Income Tax Act, 1961, offers a tax holiday benefit for eligible startups in India. This scheme is designed to encourage entrepreneurship and innovation by allowing recognized startups to claim 100% tax exemption on profits for any three consecutive years out of the first ten years since incorporation. The exemption is available only to startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).

    To be eligible, the startup must be incorporated as a Private Limited Company or LLP after April 1, 2016, and have a turnover not exceeding ₹100 crore in any financial year since incorporation. Additionally, it must be engaged in innovation, development, or improvement of products or services and must not be formed by splitting or reconstructing an existing business.

    The startup must first obtain DPIIT recognition and then apply to the Central Board of Direct Taxes (CBDT) for approval under Section 80IAC. Once approved, the startup can claim deductions while filing income tax returns.

    This tax incentive helps reduce the financial burden on new businesses, providing vital support during the initial growth years and encouraging more startups to flourish in India’s evolving startup ecosystem.

    Eligibility

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    ✅ Mandatory Documents for 80-IAC Registration

    1. DPIIT Recognition Certificate
      Ensure your startup is recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).

    2. Certificate of Incorporation / LLP Deed
      Depending on your business structure:

    3. Board Resolution (if applicable)
      A resolution from the board approving the application for tax exemption.

    4. PAN Card of the Entity
      Permanent Account Number issued to your startup.

    5. Financial Statements
      CA-certified Balance Sheets and Profit & Loss Statements for the past three financial years or since incorporation.

    6. Income Tax Returns (ITRs)
      Filed ITRs for the past three years or since the startup’s inception.

    7. Pitch Deck
      A comprehensive presentation detailing your business model, market analysis, competitive advantage, and financial projections.

    8. Video Presentation
      A short video (as per 80-IAC guidelines) explaining your startup’s mission, product/service offerings, and innovation.

    9. Proof of Funding (if applicable)
      Documents such as term sheets, investment agreements, or bank statements showing external funding received.

    10. Section 56 Exemption Certificate (if applicable)
      If your startup has obtained an exemption under Section 56 (Angel Tax), include the certificate.

    11. Employment Details (if applicable)
      Information regarding employees, especially those with advanced degrees (M.Tech/PhD), publications, or from specific categories (e.g., SC/ST, persons with disabilities).

    12. Authorized Signatory Identification
      Aadhar card of the authorized signatory and a letter of authorization.

    📝 Application Process Overview

    1. Obtain DPIIT Recognition
      Register your startup on the Startup India portal and apply for DPIIT recognition.

    2. Prepare Required Documents
      Gather and organize all the documents listed above in the specified formats.

    3. Submit 80-IAC Application
      Log in to the Startup India portal, navigate to the ‘Tax Exemption under Section 80-IAC’ section, fill out the application form, and upload the necessary documents.

    4. Await Approval
      The Inter-Ministerial Board (IMB) will review your application. The approval process may take several weeks to months.

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