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80 IAC Tax Exemption in Himachal Pradesh

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Expected To Be Complete* : 11 Apr 2023

We do not guarantee registration under Income Tax Exemption it totally depends on Concern Department

LIST OF DOCUMENTS REQUIRED FOR 80 IAC TAX EXEMPTION IN HIMACHAL PRADESH

  1. MOA in Case of Private limited or LLP Deed in Case of LLP
  2. Board resolution
  3. Income Tax Return for the last 3 financial years
  4. Financial Statement for the last 3 financial years (Balance sheet, Profit & Loss)
  5. Startup Video Link
  6. Pitch deck

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Cost & Process

Cost & Process

Documents Required

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How To Apply Online

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Processing & Approval Time

Formalities & Requirements

Formalities & Requirements

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80 IAC Income Tax Exemption Registration

After getting recognition as a Start-up, Company can apply for Tax exemption under section 80 IAC of the Income Tax Act. After getting clearance for Tax exemption, the Start-up can avail of tax holiday for 3 consecutive financial years out of its first ten years since incorporation.

Eligibility Criteria for applying to Income Tax exemption (80IAC)

  • The entity should be a recognized Startup  

  • Only Private limited or a Limited Liability Partnership is eligible for Tax exemption under Section 80 iac tax exemption

  • The Startup should have been incorporated after 1st April, 2016

Documents Required for Income Tax exemption (80IAC)

  • MOA in Case of Private limited or LLP Deed in Case of LLP
  • Board resolution
  • Income Tax Return for the last 3 financial years
  • Financial Statement for the last 3 financial years (Balance sheet, Profit & Loss)
  • Startup Video Link
  • Pitch deck

Direct Call to our expert for more information:-7710771301

FAQs of 80 IAC Tax Exemption in Himachal Pradesh

The 80 IAC Tax Exemption is a tax benefit offered to companies located in Special Economic Zones (SEZs) or Export Oriented Units (EOUs) in India.
Any company located in a SEZ or EOU that is engaged in the business of developing software, providing IT-enabled services, or manufacturing of electronic hardware, is eligible for the 80 IAC Tax Exemption.
Companies that are eligible for the 80 IAC Tax Exemption can avail a tax deduction of 100% of their profits for the first five years of operation and 50% of their profits for the next five years.
No, the 80 IAC Tax Exemption is applicable only to income tax.
Yes, companies can avail other tax benefits such as tax holidays, accelerated depreciation, and exemption from customs duty on imported goods.
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