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Startup India Registration Rs. 9999 | Startup India Recognition In India

9,999.00

Startup India Benefits:-

  • SELF CERTIFICATION and compliance under 9 environmental & labour laws
  • STARTUP PATENT APPLICATION fast track & up to 80% rebate in filling patents
  • PUBLIC PROCUREMENT fast track under the criteria of “prior experience/turnover” for startups in all Central Government ministries/departments
  • WINDING UP COMPANY in 90 days under insolvency & Bankruptcy code 2016
  • INR 10,000 CRORE FUND of funds for investment into startups through Alternate Investment Funds
  • INR 2,000 CRORE CREDIT guarantee fund for startups through National Credit Guarantee Trust Company / SIDBI over 4 years
  • TAX EXEMPTIONS on Income tax for 3 years
  • TAX EXEMPTIONS on capital gains & on Investments above Fair Market Value
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Description

Startup Definition (As defined by DIPP)

Startup means an entity, incorporated or registered in India :

  • Not prior to seven years, however for Biotechnology Startups not prior to ten years,
  • With annual turnover not exceeding INR 25 crore in any preceding financial year, and
  • Working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation

Provided that such entity is not formed by splitting up, or reconstruction, of a business already in existence.

Provided also that an entity shall cease to be a Startup if its turnover for the previous financial years has exceeded INR 25 crore or it has completed 7 years and for biotechnology startups 10 years from the date of incorporation/ registration.

Provided further that a Startup shall be eligible for tax benefits only after it has obtained certification from the Inter-Ministerial Board, setup for such purpose.

An Inter-Ministerial Board setup by DIPP validates the innovative nature of the business for granting tax related benefits.

The Government of India has constituted the Inter-Ministerial Board for the said purpose as follows:

  • Joint Secretary, Department of Industrial Policy & Promotion,
  • Representative of Department of Biotechnology, and
  • Representative of Department of Science & Technology

Are you a Startup?

  • Startup India
    Up to 7 years and for biotechnology startups up to 10 years from its date of incorporation / registration
  • Startup India
    Incorporated as either a Private Limited Company or a Registered Partnership Firm or a Limited Liability Partnership
  • Startup India
    Turnover for any fiscal year has not exceeded INR 25 crore
  • Startup India
    Entity should not have been formed by splitting up or reconstruction a business already in existence
  • Startup India
    Working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation

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