Tax Savings for Startups: CA Meenal Goel on Section 80IAC and Its Benefits

Entrepreneurs, take immediate note! CA Meenal Goel, a much-trusted name in tax and finance, has just decoded one of the most powerful tax-saving tools for the startups in India: Section 80IAC of the Income Tax Act, 1961.

If your startup fully qualifies, you could also enjoy a 3-year tax holiday within the first 10 years of the incorporation, meaning zero tax on any profits during that live window!

Eligibility Checklist for Section 80IAC:

To fully qualify, your startup must:

• Be a Private Limited Company or LLP
• Be fully registered on the Startup India portal
• Be less than 10 years old
• Have a major turnover under ₹100 crore
• Be an innovation-led with high potential for employment generation and the wealth creation

Step-by-Step Application Process:

1. Visit: startupindia.gov.in → Form 80IAC
2. Fill up the Form
3. Upload the Documents, including:

A shareholding structure
Board resolution
Last 3 years' ITRs & the audited financials

• CA Certificate of the Scalability:
• 10% YoY growth OR
• 25% in 2 years OR
• 33% in the 3 years

CA Undertaking: Not a spin-off

Pitch the Deck
IP proofs (if it's applicable)
Awards, ratings, and recognitions
Full Government-format employee data
Funding/ investor details

The government must decide within only 120 days.
Rejected startups can also reapply.

With the deep insights from CA Meenal Goel, your startup can highly unlock the major tax relief and reinvest more into its growth.

If you're eligible under the Section 80IAC, don't miss this ultimate game-changing opportunity to scale without even the huge tax burden!

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