Section 80-IAC Tax Exemption Application for DPIIT Startups

Application for Section 80-IAC Tax Exemption

Date: [DD/MM/YYYY]

To,
The Secretary,
Inter-Ministerial Board of Certification (IMB),
Department for Promotion of Industry and Internal Trade (DPIIT),
Ministry of Commerce and Industry,
Udyog Bhawan, New Delhi – 110011

Subject: Application for grant of tax exemption under Section 80-IAC of the Income-tax Act, 1961 – [Company Name] (DPIIT Recognition No. [DIPP XXXXX]).

Respected Sir/Madam,

We, [Company Name], a [Private Limited Company / Limited Liability Partnership] incorporated on [DD/MM/YYYY] under CIN/LLPIN [__________], having its registered office at [Registered Address], are a startup duly recognised by DPIIT vide Recognition Certificate No. [DIPP XXXXX] dated [DD/MM/YYYY]. We hereby apply for exemption from income tax under Section 80-IAC for a period of three consecutive assessment years.

We confirm that our entity satisfies the eligibility conditions, namely that it was incorporated on or after 1 April 2016, that its annual turnover has not exceeded ₹100 crore in any financial year since incorporation, that it is engaged in innovation, development or improvement of the product/service [brief description of business], and that it is not formed by splitting up or reconstruction of an existing business. Accordingly, we request the Board to consider and approve our application.

The following documents are enclosed herewith for the kind consideration of the Board:

• DPIIT Recognition Certificate and Certificate of Incorporation / LLP Agreement
• Memorandum & Articles of Association (or LLP Agreement)
• Audited financial statements and Income-tax returns for the last three financial years (or since incorporation)
• Board resolution authorising the signatory to make this application
• Pitch deck / write-up on innovation, scalability and employment/wealth creation

We shall be glad to furnish any further information the Board may require. We look forward to a favourable consideration.

Thanking you,