Fuel Your Innovation, Not Your Tax Bill: Leverage 80IAC Tax Exemption

The journey of a startup is exciting, but navigating complex tax regulations can be daunting. Plan B Consultancy is here to help you unlock the power of Section 80 IAC of the Income Tax Act, a game-changer for DPIIT-recognized startups in India.

What is 80 IAC?

Introduced in 2017, Section 80 IAC offers a phenomenal benefit: a 100% tax exemption on profits for 3 consecutive financial years within your first five years of operation. This translates to significant tax savings, allowing you to reinvest those funds back into your business for growth and innovation.

Why Choose Plan B for Maximizing Your 80 IAC Benefits?

• Streamlined Process & Expert Guidance: Our team of tax professionals simplifies the 80 IAC claim process. We ensure you meet all eligibility criteria and gather the required documentation efficiently.
• Reduced Compliance Burden: Focus on your core business activities. Let Plan B handle the complexities of 80 IAC filing, ensuring accurate claims and compliance with regulations.
• Peace of Mind & Increased Cash Flow: Gain peace of mind knowing your 80 IAC claim is in expert hands. Enjoy the financial benefits of tax exemption, boosting your cash flow for strategic investments.

Are You Eligible for 80 IAC?

Plan B can help you determine your eligibility. Here are the key criteria:

• DPIIT Recognition: Your startup must be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).
• Business Entity: The benefit applies to Private Limited Companies (PLC) or Limited Liability Partnerships (LLP) incorporated after April 1, 2016.
• Claim Window: You can claim the exemption for any three consecutive years within the first five years of incorporation.
• Originality: The startup must be a new entity, not formed through a split or reconstruction of an existing business.

Plan B: Your Trusted Partner for Startup Success

Beyond maximizing your 80 IAC benefits, Plan B offers a comprehensive suite of services to empower your startup journey:

• Startup Registration and Compliance
• Accounting and Bookkeeping
• Financial Modeling and Planning
• Investment and Fundraising Assistance

Take Charge of Your Startup’s Financial Future

Don’t let complex tax regulations hinder your growth. Contact Plan B Consultancy today for a free consultation. We’ll guide you through the 80 IAC process and unlock the full potential of this tax advantage, allowing you to focus on what matters most – building a thriving startup!