The four benefits worth the filing
- Section 80-IAC: three consecutive years of tax holiday out of the first ten, subject to Inter-Ministerial Board approval.
- Angel tax exemption under Section 56(2)(viib) for eligible investments.
- Self-certification for six labour laws and three environmental laws for five years.
- Relaxed prior-turnover and experience criteria in public tenders, plus EMD exemption.
Eligibility in plain terms
Incorporated as a Private Limited Company, LLP or registered partnership; under ten years old; turnover under ₹100 crore in every year since incorporation; and working on innovation, improvement or a scalable model. Businesses formed by splitting an existing business do not qualify.
What the application really needs
A crisp write-up on what makes the business innovative and scalable, plus supporting proof — a website, pitch deck, patent, or customer traction. Vague descriptions are the most common reason for rejection; specificity gets approvals.
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