CA Vijay R Singh, FCA Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
Short answerTo claim 80-IAC you must be a DPIIT-recognised startup, incorporated as a Private Limited company or LLP within the government’s notified window, with turnover under ₹100 crore, and you must get IMB approval. The holiday then applies to any 3 of your first 10 years.
Eligibility checklist
DPIIT-recognised startup
Pvt Ltd or LLP (not a partnership for 80-IAC)
Incorporated within the notified window
Turnover under ₹100 crore
Confirm the current incorporation cut-off date.
The IMB step
Even if you tick every box, the holiday only applies once the Inter-Ministerial Board approves your application.
This answer is general information for NRIs, not tax advice. Tax rates, thresholds and forms change with each Finance Act — please confirm the current position for your own facts, or speak to us, before acting.
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