80-IAC exemption availability

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Sharan KB (Querist)
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09 September 2021 Dear Sir/Madam,

We have made application for 80-IAC after obtaining DPIIT recognition as start up company, now the application made for 80-IAC is as on 07/09/2021 and say it may get approved in October month of 20201.

my doubt is that, whether exemption shall be allowed from the beginning of the year i.e from 01/04/2020 to 31/03/2021? or from the date filing the application i.e 07/09/2021 to 31/03/2021 or from the date of approval to 31/03/2021?

please give your valuable opinion on this.

Thank you in advance.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 September 2021 I think, it should be for full financial year, in which it gets approved. Unless any thing specified in the approval letter.

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