Definition of "Eligible Start-up" under Section 80IAC: Key Criteria for Tax Benefits and Certification Requirements.
An "Eligible Start-up" under section 80IAC of the Income Tax Act 1961 is defined as a company or limited liability partnership engaged in eligible business that meets specific criteria: it must be incorporated between April 1, 2016, and April 1, 2025; its annual turnover should not exceed 100 crore rupees for the relevant assessment year; and it must possess a certificate of eligible business from the Inter-Ministerial Board of Certification, as officially notified by the Central Government.