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Abtik Services

Tax Exemption Certificate

Tax Exemption Certificate

Enjoy tax benefits for a continuous period of 3 years 

Business eligible certificate from indian government
Unlock the potential of your startup with a 100% tax exemption on profits. Our scheme empowers eligible startups, promoting job creation, wealth generation, and long-term success.
Man calculating taxes on a mobile app

Overview

Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items. Examples include exemption of charitable organizations from property taxes and income taxes, veterans, and certain cross-border or multi-jurisdictional scenarios.

ELIGIBILITY CRITERIA

Tax exemption eligibility in India is income-specific. For individuals, conditions for things like HRA or gratuity depend on factors like rent paid or employment type. Organizations must meet specific non-profit or operational criteria. Each exemption has unique, detailed requirements.

DOCUMENTATION

  • MOA for Private Limited Companies and LLP Deed for LLP Companies (PDF File Signed and stamped on each and every page)
  •  Audited Financials CA Certified (From Company ‘ s Date of Incorporation to Current Year)
  •  ITR Acknowledgment (From Company ‘ s Date of Incorporation to Current Year) 
  • Start-up Video Link (Guidance Will be Provided By Team)

We Help in

  • Pitch Deck Report
  • Consultation for the Entire Process
  • Resolution of Queries Raised By Government

FAQs

The government determines the eligibility criteria for this scheme. According to the most recent circular, companies formed between April 2016 to 1st April 2024 are eligible for tax benefits. U/S 80-IAC.
The company will not receive any type of tax rebate under this scheme. Once the government issues the Certificate of Eligibility, they will be exempt from paying taxes in future years. In order to receive the tax benefits that were approved, they must present this certificate when filing their income tax returns.
Once an application has been submitted, its approval or rejection is entirely Subject to the government. According to our understanding, the government typically reviews files within 60 to 90 working days.
The Department of Industrial Policy and Promotion (DIPP) established the InterMinisterial Board (IMB) to approve Startups for tax benefits. According to our knowledge, a monthly meeting will be held for reviewing the file, but this is entirely dependent on the government.
The Department of Industrial Policy and Promotion (DIPP) established the InterMinisterial Board (IMB) to approve Startups for tax benefits. According to our knowledge, a monthly meeting will be held for reviewing the file, but this is entirely dependent on the government.. Ans. When the business files return after receiving the certificate, there is an option under 80-IAC. When the company enters the Certificate Number, they will receive the tax exemption.
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