The Inter-Ministerial Board setup by the Department of Industrial Policy and Promotion validates Startups for granting tax-related benefits.

The Board consists of the following members:

  • জোইন্ত সেক্রেতরী, ইন্দস্ত্রী অমসুং ইন্তর্নেল ত্রেদ দিপার্তমেন্ত, কনভেনর
  • Representative of the Department of Biotechnology, Member
  • Representative of the Department of Science & Technology, Member

The board shall validate startups for the Income Tax Exemption on profits under Section 80-IAC of the Income Tax Act:

A DIPP-recognised startup shall be eligible to apply to the Inter-Ministerial Board for a full deduction on the profits and gains from the business. Provided the following conditions are fulfilled:

  • প্রাইবেৎ লিমিতেদ কম্পেনী অমা নত্ত্রগা লিমিতেদ লাইএবিলিতী পার্তনরশিপ অমা,
  • Incorporated on or after 1st April 2016 but before 1st April 2030, and
  • The startup is engaged in the innovation, development, or improvement of products, processes, or services or a scalable business model with a high potential for employment generation or wealth creation.

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