Eligible start-up status requires certification and meeting turnover and incorporation criteria to claim capital gains exemption. An Eligible Start-up for claiming the capital gains exemption under section 80-IAC(1) is a company engaged in an eligible business that (i) was incorporated between April 1, 2016 and March 31, 2030, (ii) has total turnover not exceeding Rs. 100 crore in any previous year relevant to the assessment year for which the deduction is claimed, and (iii) has been certified as a start-up by the Inter Ministerial Board of Certification.