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:
Secretario Adjunto, Departamento de Promoción de la Industria y el Comercio Interior, Coordinador
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:
Una sociedad de responsabilidad limitada o una sociedad de responsabilidad limitada,
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.
