Start up LLP

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MAKARAND DAMLE (Querist)
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24 August 2021 LLP incorporated on 21.07.20 working in 'Human Resources' Industry and 'Recruitment Jobs' sector as per Certificate of Recognition issued by Government of India on 18-01-21
My question is whether LLP can take benefits of Section 80IAC for A Y 21-22 ?

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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11 July 2024 Your LLP, recognized by the Government of India under the Startup India initiative, is eligible to claim benefits under Section 80IAC for the Assessment Year 2021-22. The LLP must be incorporated after April 1, 2016, and engaged in innovation, development, deployment, or commercialization of new products or services. Ensure compliance with statutory requirements and maintain proper records.

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