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STARTUP INDIA

Under the Startup India initiative, eligible companies can get recognised as Startups by DPIIT, in order to access a host of tax benefits, easier compliance, IPR fast-tracking & more.

STARTUP INDIA FEES

₹ 5000

(GST Included)

INCLUSIONS

  • Filed By Expert
  • Timely Submission
  • 100% Transparency
  • No Hidden Cost
  • 100% Accuracy (Based on information provided)
  • Dedicated Support services.

STARTUP INDIA FAQS

Eligibility Criteria for Startup Recognition:

  • The Startup should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership
  • Turnover should be less than INR 100 Crores in any of the previous financial years
  • An entity shall be considered as a startup up to 10 years from the date of its incorporation
  • The Startup should be working towards innovation/ improvement of existing products, services and processes and should have the potential to generate employment/ create wealth. An entity formed by splitting up or reconsutrctuon of an existing business shall not be considered a “Startup”

Benefits of Startup India Certificate

  • Self-Certification – Self-compliance under 3 environmental & 6 labour laws
  • Income Tax Exemption – For 3 consecutive years & exemptions on capital gains & Investments above fair market Value
  • Easy winding of the company – Within 90 days under Insolvency & Bankruptcy Code, 2016
  • Patent Application & IPR Protection – Fast Track & up to 80% rebate in filing patents
  • Easier Public Procurement Norms – Get listed as seller to the government & benefit from exemptions on EMD & min requirements.

Startup India: 80 IAC Tax exemption

Post getting recognition a Startup may apply for Tax exemption under section 80 IAC of the Income Tax Act. Post getting clearance for Tax exemption, the Startup can avail tax holiday for 3 consecutive financial years out of its first ten years since incorporation.

Eligibility Criteria for applying to Income Tax exemption (80IAC):

  • The entity should be a recognized Startup
  • Only Private limited or a Limited Liability Partnership is eligible for Tax exemption under Section 80IAC
  • The Startup should have been incorporated after 1st April, 2016

Startup India: Tax Exemption under Section 56 of the Income Tax Act (Angel Tax)

Post getting recognition a Startup may apply for Angel Tax Exemption.

Eligibility Criteria for Tax Exemption under Section 56 of the Income Tax Act:

  • The entity should be a DPIIT recognized Startup
  • Aggregate amount of paid up share capital and share premium of the Startup after the proposed issue of share, if any, does not exceed INR 25 Cro