KNAP Advisory

IMB Registration for 80-IAC Tax Exemption

Claim a three-year income-tax holiday for your startup. KNAP Advisory prepares and files your Inter-Ministerial Board application for the Section 80-IAC exemption.

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Overview

What is the 80-IAC tax exemption?

Section 80-IAC of the Income Tax Act allows an eligible, DPIIT-recognised startup to claim a 100% deduction on its profits for three consecutive financial years out of its first ten years. The exemption is granted only after approval from the Inter-Ministerial Board (IMB).

The application is evaluated on the strength of your innovation, business model and financials. KNAP Advisory builds a robust case and manages the end-to-end IMB process so you can capture this valuable benefit.

Benefits

Why it matters

3-Year Tax Holiday

100% deduction on profits for three consecutive years.

Improved Cash Flow

Retain profits to reinvest in growth during early years.

Flexible Window

Choose the three years within the first ten that suit you.

Investor Appeal

A recognised tax benefit strengthens your funding story.

Government Backing

An official endorsement of your startup’s potential.

Expert Handling

A carefully prepared case improves approval prospects.

Eligibility & Documents

What you’ll need

Eligibility

  • DPIIT (Startup India) recognition
  • Incorporated as a private limited company or LLP
  • Within the prescribed incorporation window
  • Turnover within the prescribed limit

Documents

  • DPIIT recognition certificate
  • Financial statements & ITRs
  • Pitch deck / business plan
  • Details of innovation and scalability
Process

How KNAP handles it

1

Eligibility Review

We confirm DPIIT status and assess your readiness for 80-IAC.

2

Build the Case

We prepare financials, the pitch and the innovation narrative.

3

File with IMB

We submit the application to the Inter-Ministerial Board.

4

Follow-up & Approval

We respond to queries and track the application to approval.

Why KNAP Advisory

A partner for the full benefit

Strong Cases

Well-prepared financials and narrative for the board.

CA Expertise

Accurate tax positioning and documentation.

End-to-End

From DPIIT to IMB approval, handled in one place.

FAQs

Frequently asked questions

What is the 80-IAC exemption? +

A 100% deduction on profits for three consecutive years out of the first ten, for an eligible DPIIT-recognised startup, subject to IMB approval.

Who can apply? +

A DPIIT-recognised private limited company or LLP within the prescribed incorporation window and turnover limit.

Is DPIIT recognition required first? +

Yes. DPIIT recognition is a prerequisite before applying to the IMB for the 80-IAC exemption.

Which years can be claimed? +

Any three consecutive years within the first ten from incorporation, chosen by the startup.

What does KNAP do? +

We assess eligibility, prepare financials and the pitch, and file and follow up the IMB application on your behalf.

Get Started

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Ready to claim your startup tax holiday?

Talk to KNAP Advisory and get started today.