luckpandaDPIIT Recognition under Startup India Initiative (DPIIT Startup Recognition)
Recognises an entity as a 'startup' for up to 10 years from incorporation if it's working towards innovation/improvement of products/services and has annual turnover under Rs 100 crore. Unlocks several incentives — 80-IAC, angel-tax exemption u/s 56(2)(viib), self-certification on labour/environment laws, IP fast-tracking.
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Definition
Recognises an entity as a 'startup' for up to 10 years from incorporation if it's working towards innovation/improvement of products/services and has annual turnover under Rs 100 crore. Unlocks several incentives — 80-IAC, angel-tax exemption u/s 56(2)(viib), self-certification on labour/environment laws, IP fast-tracking.
- SourceDPIIT Notification G.S.R. 127(E) dated 19.02.2019 · Para 1 (Definition of startup)
startupindia.gov.in
Benefit
- Type
- recognition benefit
- What you get
- Self-certification, IP rebates (80% patent fee rebate), fast-tracking, fund-of-funds eligibility, and pre-requisite for several other benefits.
- Administered by
- DPIIT / Startup India
- Apply
- startupindia.gov.in
Eligibility conditions
Entity must be < 10 years old, < Rs 100 cr turnover. Splitting up/reconstruction excluded. PAN-based application.
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Citations
- SourceDPIIT Notification G.S.R. 127(E) dated 19.02.2019 · Para 1 (Definition of startup)
startupindia.gov.in