If you’re an early-stage startup in India, Startup India Recognition can unlock tax benefits, funding support, and easier compliance. Here’s a step-by-step guide on how to get recognized and why it matters for your business.
- What is Startup India Recognition?
The Startup India initiative by the Government of India provides legal and financial support to startups by offering:
- Tax exemptions (Income Tax & Capital Gains exemption for eligible startups).
- Easier compliance with relaxed regulatory requirements.
- Access to government funding via the Fund of Funds for Startups (FFS).
- Faster IP registration with reduced fees for patents and trademarks.
- Who Can Apply for Startup Recognition?
Your startup must meet these conditions:
- Registered as a Private Limited Company, LLP, or Partnership Firm.
- Age of the business: Less than 10 years from incorporation.
- Annual turnover: Not exceeding ₹100 crore in any financial year.
- Must be working on innovation, improvement of products/services, or a scalable business model.
- How to Apply for Startup India Recognition?
- Register on the Startup India Portal (www.startupindia.gov.in).
- Submit required documents, including company incorporation details and a brief about your business model.
- Self-certify compliance with Startup India eligibility criteria.
- Receive DPIIT Recognition Certificate after approval.
- Key Benefits of Startup India Recognition
- Tax Holiday (80 IAC): Startups get a 3-year tax exemption.
- Exemption from Angel Tax (Section 56): Investors won’t be taxed on startup investments.
- Govt Tenders & Funding Access: Startups get priority in government projects and funding schemes.
- Simplified Exit Process: Winding up a recognized startup is easier and faster.
- Get Expert Help for Your Startup Recognition
Navigating government procedures can be overwhelming. Need help with Startup India Certification? Our experts will assist in registration, compliance, and tax benefits to ensure you maximize all available advantages.
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