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Eligible companies can get recognised as Startups by DPIIT, to avail tax benefits, easier compliance, IPR fast-tracking & more. Startups that meet the definition as prescribed under G.S.R. notification 127 (E) are eligible to apply for recognition under the program.
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 reconstruction of an existing business shall not be
considered a “Startup”.

For more details please refer to the attached notification  click here

Get your Startup DPIIT Recognition
Key Benefits for Startups

80 IAC Tax exemption



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

Easing Public Procurement


Startup India Seed Fund Scheme


Simplified Compliances to save time and money. Startups shall be allowed to self-certify compliance (through the Startup mobile app) with 9 labour and 3 environment laws.

Easy Exit under IBC 2016 (within 90 days from the date of application of winding up)



Reduction in Cost in Patent Application and IPR through facilitators of patents and trademarks. Fast Track and upto 80% rebate in filing patents

Location

Committee on MSME and Startup
The Institute of Chartered Accountants of India
ICAI Bhawan,
Plot No. A-29, Sector-62
NOIDA,- 201309, U.P.
0120 304 5994
www.startup.icai.org

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