80-IAC Tax Exemption
3-Year Income Tax Exemption for DPIIT Recognized Startups
What is Section 80-IAC?
Section 80-IAC of the Income Tax Act provides a 100% tax deduction on profits for eligible startups. This exemption is available for 3 consecutive years out of the first 10 years from incorporation.
To avail this benefit, startups must be recognized by DPIIT and obtain clearance from the Inter-Ministerial Board (IMB). The startup must be incorporated as a Private Limited Company or LLP.
Euroasia Aquatic handles the complete 80-IAC application process, from DPIIT recognition to IMB clearance, maximizing your chances of approval.
Our 80-IAC Services
How We Work
DPIIT Recognition
First step is getting Startup India recognition
Documentation
Prepare innovation and scalability proof
IMB Application
File application to Inter-Ministerial Board
Tax Exemption
Claim deduction in ITR after approval
Frequently Asked Questions
Startup must be DPIIT recognized, incorporated as Pvt Ltd or LLP, turnover below ₹100 Crores, working on innovation/improvement of products or scalable business model.
100% tax exemption for 3 consecutive financial years out of the first 10 years from the date of incorporation. You can choose which 3 years to claim.
After DPIIT recognition, you apply to IMB with details about innovation, employment generation, and revenue. IMB reviews and grants clearance for tax exemption.
Yes, as long as your startup is less than 10 years old from incorporation, you can apply. The 3-year exemption can be claimed anytime within the 10-year window.
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