Section 80-IAC Tax Exemption — Applied for. Claimed correctly.
Advisory and application support on the profit-linked deduction available to eligible startups, including choosing the claim years and maintaining the documentation the claim depends on.
Book Free ConsultationSection 80-IAC provides a deduction in respect of profits of an eligible startup for a specified number of years within a defined window. It is one of the few genuine tax holidays available to an early-stage company, and it is claimed less often than it could be.
N D Savla & Associates handles the application and the ongoing claim for eligible startups in Nashik and across Maharashtra, covering the approval process, the conditions and the audit documentation.
The decision that matters most is timing. The deduction is available for a limited number of years chosen out of a longer window, and a company that is loss-making early should think carefully about which years it elects rather than claiming at the first opportunity.
Our Section 80-IAC Tax Exemption Services
Eligibility Assessment
Assessment against incorporation date, turnover and the nature of the business.
Approval Application
Preparation and filing of the application for approval of the deduction.
Claim Year Planning
Analysis of which years to elect having regard to projected profits.
Condition Review
Review of the conditions relating to formation, reconstruction and asset transfer.
Audit Documentation
The report and documentation required to support the claim in the return.
Return Claim Support
Support in claiming the deduction correctly in the income tax return.
Record Maintenance
Maintenance of the records the claim will be tested against.
Assessment Support
Support where the claim is examined in assessment proceedings.
Our Process
Eligibility Check
The company is tested against each of the statutory conditions.
Application
The application for approval is prepared and filed with supporting material.
Election Planning
The years in which the deduction will be claimed are planned against projections.
Claim & Documentation
The deduction is claimed with the required report and supporting records.
Defence
The claim is supported in any subsequent examination by the department.
Why It Matters
Frequently Asked Questions
Eligible for the startup tax holiday?
Send us your projections — we'll test eligibility and plan which years to claim in.
