What is Section 80-IAC Tax Holiday for Startups?
Nexa Consultancy | Startup & Finance Glossary
A tax incentive for eligible startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), providing a 100% tax deduction on profits for any 3 consecutive years out of the first 10 years of incorporation.
Startup Example: A recognized startup becomes profitable in its 4th year. It can choose to claim a tax holiday for years 4, 5, and 6, paying zero income tax on its profits for that period.
Our DPIIT recognition to avail such benefits.