Get your Startup enrolled under 3 Year Tax Exemption Program
Startup Tax Exemption (Consultancy)
About the Exemption Scheme
If your Startup is recognized or registered under Startup India Program, you becomes eligible to apply for Income Tax exemption under section 80-IAC of the Income Tax Act, 1961. For applying under this tax exemption scheme, below is the eligibility criteria which a Startup has to comply with:
1. Entity should be a recognized Startup under Startup India Program
2. Startup should have been incorporated on or after 1st April, 2016
3. Only Private Limited Company or Limited Liability Partnership is eligible to get tax exemption under section 80-IAC
Once the Startup gets clearance for tax exemption, it can avail tax holiday for 3 consecutive financial years out of its first 10 years of incorporation.
Entity needs to be prepared to get this exemption under the scheme for submitting the requirements asked by the govt time to time. If you are a Startup and looking for tax exemption scheme, our consultants can surely consult you in filing and submitting the requirements under the scheme.
So what are you waiting for, get the maximum benefits for your Startup under exemption scheme and get in touch with us.