Startup India is an initiative of the Indian Government with an intention to build ecosystem for Startup Businesses in India. The main aim of government is to build sustainable economic model and generate large employment opportunities. Through Startup India programme government wants to promote the startup culture. Under Startup India scheme government offers various incentives for entrepreneurs.

What are benefits under Startup India scheme ?

Following benefits are providing under Startup India Scheme:-

  • Tax Exemption
  • Rebate in patent application and IPR Protection
  • Self certification under 6 labour laws and 3 environment laws
  • Easy winding up of company
  • Investment through Alternate investment fund by SIDBI

What is a Startup as per the scheme?

Startup should be Private Limited Company, Partnership firm ,OPC or LLP having turnover of less 100 crores working towards innovation/improvement of existing products,services ,process and having potential to generate employment.

For how long Startup recognition will be valid?

Startup recognition will be valid for 7 years from date of incorporation/registration or till the time its turnover crosses 25 crore in any financial year.

Can entity registered earlier register for Startup India?

Entity registered earlier can register for Startup India subject to fulfillment of conditions

What are Tax exemption available for Startup registered under Startup India?

After getting recognized as a Startup ; it may apply for tax exemption under section 80 IAC of the Income Tax Act. After getting approval for Tax emption it can avail tax holiday for 3 consecutive financial years out of first 10 years since incorporation. 

What are Tax exemption available for Angel Tax?

After getting recognized as a Startup; it may apply for angel tax exemption under section 56 of the Income Tax Act subject to fulfillment of conditions laid by DPIIT