What Is Section 80-IAC? The Tax Benefit Explained Section 80-IAC of the Income Tax Act, 1961 allows eligible Indian startups to claim a 100% deduction on profits for any three consecutive financial years within their first ten years of incorporation. Introduced from 1 April 2017 under the Startup India initiative, this is one of the most significant direct tax incentives available to startups in India. Who Is Eligible? ● Private Limited Company or LLP ● Incorporated on or a
