What qualifies as a “Start-up” under the Start-up India Scheme?
An entity shall be eligible to apply for Start-up Registration if:
- It is incorporated as a Pvt Ltd Company or registered partnership firm or LLP.
- Up to ten years from the date of its incorporation/registration
- Turnover for any of the financial years since incorporation/registration has not exceeded Rs. 100 Crores
- 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
Note: An entity formed by splitting up or reconstruction of a business already in existence shall not be considered a ‘Start-up’.
II. Benefits of Startups
A. Relaxations as per Income Tax
For further in-depth knowledge regarding the Exemptions or Relaxations given to the Startups & it’s Registration Process, you can reach us on below mail ID’s:
Associate Consultant | E-mail ID: email@example.com