.
.
DPIIT, in the notification dated 19 May 2016, provided exemption to startups on income tax against consideration received from any investor for the issue of shares exceeding the fair market. The Exemption makes it more appealing for investors and venture capitalists to back new startups.
.
The Government of India has established a corpus of INR 10,000 Cr. under FFS to aid innovative businesses. SIDBI is the operating agency for the scheme and the investments are made via various venture capitalists (VCs) or Alternative Investment Funds (AIFs).
.
.
DPIIT Recognized startups that are private limited company or limited liability partnership, incorporated on or after 1st April 2016, can apply for income tax exemption under Section 80-IAC of the Income Tax Act. The Inter-Ministerial Board issues the Eligibility Certificate, for availing the exemption.
.
Startups can self-certify compliance with 9 Labor and 3 Environment laws for 3 to 5 years after incorporation. Additionally, certain startups in white category industries are exempt from 3 environmental clearance Acts for 3 years to ease regulatory burdens and reduce compliance costs.
Startups with basic debt or set criteria can wrap up in 90 days if they apply for fast-track closure.
.
!
.
.
A dedicated section featuring a repository of insightful blogs, past and upcoming events, and industry trends, highlighting a vibrant showcase of significant milestones
.
Startup India Portal is a one of its kind online platform for all stakeholders of the startup ecosystem in India.
