Every Startup Company with innovation & unique business ideas can apply for the Startup India Certificate issued by DPIIT.
Startups will enjoy several privileges offered under Startup India Scheme.
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Facilitating Neo Banking Solutions & Corporate Credit Card to Startups
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With a view to boost the Indian economy and encourage entrepreneurship, the Government of India, under the administration of the Ministry of Commerce & Industry, had begun the Start-up India Stand-up India initiative in 2015 to uplift and grow the Indian start-ups.
#1. Sole Proprietorship
#2. Firm constitute by the notary partnership deed
#3. Once annual turnover exceeds INR 100 crores
#4. Company is older than 10 years.
The Startup should be a
#1. Private limited company or
#2. Registered Partnership firm or
#3. Limited liability partnership
The company should be newly incorporated and should not be formed by splitting up or reconstruction of an existing business.
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 business concept should be unique driving towards innovation or bringing improvement of existing products, services and processes and
A startup should have the potential to generate employment/ create wealth.
#1. Issuance Of Startup India Certificate
On receipt of an application, DPIIT issues a Startup India certificate to the newly incorporated company after validating the unique business process and other eligibility criteria.
#2. Angel Tax Exemption On Equity Investment
An investment made on startup by investors on the premium is exempt from tax u/s 56(2)(viib) of the Income Tax Act if a startup is further approved by the Inter-Ministerial Board.
This exemption is valid till startup paid-up share capital + share premium does not exceed INR 25 crore.
For availing angel tax exemption, a startup needs to file a declaration under Form-2 to DIPP.
#3. Income Tax Exemption
The startup will get any 3 consecutive years tax holiday out of ten years tenure.
For income tax exemption u/s 80-IAC, Startup needs to file a separate application under Form-1 and the Income Tax authority shall grant the certificate or reject the application.
This application can be filed only after the issuance of a Startup India Certificate.
An entity shall cease to be a Startup on completion of ten [10] years from the date of its incorporation/ registration
or
If its turnover for any previous year exceeds one hundred [100] crore rupees.
Whichever is earlier.
Once applied for the startup india registration, you will receive an acknowledgment receipt number (ARN) for tracking your certificate status.
Once your Startup India application is successfully processed, you can easily download your Start-up India certificate.
# TAX EXEMPTION U/S 80 IAC
Post getting recognition under startup India scheme, you may apply for Tax exemption u/s 80 IAC of the Income Tax Act.
A Startup can avail tax holiday for 3 successive financial years during its first 10 years of startup eligibility.
Criteria for applying to 80IAC Tax exemption :
#1. Must be a recognized Startup
#2. Only Private limited or LLP is eligible
#3. Must be incorporated on or after 1st April, 2016
# ANGEL TAX EXEMPTION U/S 56
After startup india registration, you may apply for Angel Tax Exemption.
Criteria for Angel Tax Exemption u/s 56 of the Income Tax Act 1961:
#1. The entity must be a DPIIT recognized Startup
#2. Aggregate amount of paid up share capital & share premium after the proposed issue of shares, must not exceed INR 25 Crore.
Click here to download government notification
# SELF-COMPLIANCE FOR LABOUR LAWS
Startups can do self assessment for labour law compliances and there will be no inspection or physical visit by public officers during the first 3 years. Startups can self-certify through startup india portal with given below 6 labour laws.
#1. Inter-State Migrant Workmen laws
#2. Gratuity Laws
#3. Provident Fund Laws
#4. Employee State Insurance laws
#5. Other Constructions Worker laws
#6. Contract Labour laws
Our professionals can assist In order to self-certify labour laws compliances.
Click here to download Self-certification formats for compliance under Labour Laws Startup India.
Yes E-StartupIndia is an online platform serving all over India no matters wherever you are doing business all you need is internet connection on your mobile or desktop and we are ready to get your job done
A letter of support is a document that must be submitted with the enrolment form for Startup-India Registration if you wish to avail the tax exemption.
Any of the below can be submitted as a letter of support:
A proposal, with respect to innovative nature of the business, from an Incubator, OR
A letter of help by an incubator, which is financed (in connection to the task) by Government of India as a major aspect of any predetermined plan to advance development; OR
A letter of support, with respect to the innovative nature of the business, from an Incubator, perceived by the Government of India in DIPP indicated design; OR
A letter of subsidizing of at the very least 20% in value, by any Incubation Fund/Angel Fund/Private Equity Fund/Accelerator/Angel Network, appropriately enlisted with SEBI that embraces inventive nature of the business; OR
A letter of financing by Government of India or any State Government as a major aspect of any predefined plan to advance development; OR
A patent registration recorded and distributed in the Journal by the Indian Patent Office in zones associated with the idea of the business being advanced.
Following are needed to be furnished as proof of business existence:-
Certificate of Company Incorporation
Udyog Aadhaar certificate aka MSME registration
No, You don’t need to be physically present for the process, E-StartupIndia is an online catering platform all you need is an internet connection in your phone/computer and the required documents with you and we can get the job done no matters even if you are present at the remotest location of India.
Generally, an application for Startup India certificate gets rejected due to the non-effective explanation provided w.r.t the unique business process.
Our professional draft a clear and extensive explanation on business process considering all desired factors for Startup India certificate eligibility such as scalability, employment generation, uniqueness, social and environmental impact and others.
Our success rate of issuance of Startup India certificate is > 98%
Learn all about DPIIT's newly launched digital platform BHASKAR in this article. It is designed to streamline startup India certification, registration, and support under the Startup India scheme.
Get the complete information here:
Serving business owners with an Average 4.8+ Google Rating.
Trusted by Axis bank to cater its clients all licensing & compliance needs.
Providing lending solutions for business needs with NeoGrowth.
Open Neo bank account worldwide & provides cross-border remittance solutions.
E-startupindia is a Proudly Member of Confederation of Indian Industry.The CII is a premier business association in India which works to create an environment.
E-Startup India is duly certified under GOI's Startup India scheme and is renowned for our tech-driven solutions for business & legal services requirements for MSMEs.
E-Startup India is a Google Partner, which implies we are rigorously involved in assisting SME businesses to market their presence in the digital world.
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