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:

  • जोऐंट सेक्रेटरी, कारोबार जे हिमिताईपणे ऐं अंदरुनी वेपार जो दफतर, संभालिंदड
  • 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. इन शर्त ते त ङलाणियूं हातितुं पुरयूंनि हुजिनि थयूं:

  • हिक प्राईवेट लिमिटे़ कम्पनी या हिक लिमिटेड लाऐबिलिटी भाईवारी,
  • 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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