Unleash Your Business Potential With Seamless Solutions For Tax Exemption Certificate

Introducing Winaxis Advisory, your reliable guide through the complexities of startup tax exemption under Section 80 IAC. As one of the top suppliers of online services for licensing, return filing, and business registration, we are dedicated to helping new and established businesses in India’s Micro, Small, and Medium-Sized Enterprise (MSME) sectors. Let’s examine Section 80 IAC in more detail and discuss how we may help you take advantage of its advantages.

Unravelling Tax Exemption under Section 80 IAC

Section 80 IAC is a spectrum of hope for eligible startups, offering a crucial tax exemption initiative by the government. This provision grants startups an income tax holiday for three consecutive years out of the first ten since their incorporation, providing much-needed relief from the financial burden and fostering their development.

The advantages of availing tax exemption under Section 80 IAC are manifold, including –

1. Startups Capital Freedom: The tax exemption enables startups to allocate their capital more strategically, encouraging them to invest in crucial areas of innovation.
2. Liquidity and Operational Flexibility: By alleviating the tax burden, startups gain greater liquidity and operational flexibility, allowing them to navigate challenges and seize opportunities with agility.

Eligibility Criteria for Tax Exemption under Section 80 IAC

To qualify for tax exemption under Section 80 IAC, the following eligibility criteria must be met:

1. The entity must be recognized as a startup by the government.
2. Only private limited companies or Limited Liability Partnerships (LLPs) are eligible for tax exemption under Section 80 IAC.
3. The startup should have been incorporated after April 1st, 2016.

How We Can Assist You: Providing All-Encompassing Support

At Winaxis Advisory, we offer full-fledged support to startups seeking to avail of tax exemption under Section 80 IAC. Our services include:

1. Pitch Deck Preparation: Crafting a compelling pitch deck in alignment with government guidelines to present your startup’s vision and potential effectively.
2. Application Submission: Assisting you in the meticulous preparation and submission of your tax exemption application.
3. Monitoring and Tracking: Keeping you updated on the progress of your application and providing ongoing support and directives.
4. Ad Hoc and Guidance Support: Offering ad hoc assistance and instructions throughout till addressing any queries or concerns.

Documentation Checklist

We ensure that your documentation is complete and accurate, including:

• Memorandum of Association (MOA) for private limited companies and LLP Deed for LLP companies, duly signed and stamped on each page.
• Audited reports, including Profit & Loss and Balance Sheet, from the company’s date of incorporation to the current year.
• Income Tax Return (ITR) acknowledgements for the same period.

Authorise your startup with tax exemption under Section 80 IAC and embark on a journey of prosperity with Winaxis Advisory Connect with us today to explore how we can assist you in using this invaluable opportunity for your business.