Benefits
Getting your startup recognized under the Startup India initiative by DPIIT (Department for Promotion of Industry and Internal Trade) provides several financial, legal, and tax benefits:
🔹 1. Tax Exemption
- Income Tax Exemption for 3 Years under Section 80 IAC.
- Exemption from Long-Term Capital Gains Tax under Section 54GB (if the gains are invested in the startup).
🔹 2. Easier Access to Funding
- Eligible for ₹10,000 Crore Fund of Funds managed by SIDBI.
- Priority for government tenders and grants.
- Preference in Angel Tax Exemption under Section 56(2)(viib).
🔹 3. Intellectual Property Rights (IPR) Benefits
- 80% rebate on patent filing fees.
- Fast-track examination of patent applications.
- Support for trademark and design registration.
🔹 4. Easy Company Winding Up
- Startups can be wound up within 90 days under the Insolvency and Bankruptcy Code (IBC).
🔹 5. Compliance Relaxation
- Self-certification for 6 labor laws and 3 environmental laws.
- Reduced compliance burden for 5 years.
🔹 6. Government Tender Benefits
- No prior experience or turnover required to participate in public procurement tenders.
🔹 7. Networking and Recognition
- Access to Startup India Hub, events, incubators, accelerators, and mentorship programs.
- Increased credibility and visibility.
Documents
| Document | Description |
|---|---|
| ✅ Incorporation/Registration Certificate | From MCA (for Pvt. Ltd./LLP) or relevant authority |
| ✅ PAN Card of Company | Mandatory |
| ✅ Details of Directors/Partners | Including their ID proof and DIN/DPIN (if available) |
| ✅ Brief Description of the Business | Including innovation or problem-solving angle |
| ✅ Website/Deck/Video (optional but recommended) | Helps establish business model or uniqueness |
| ✅ Supporting Documents (if available) | Pitch deck, patent certificate, product demo link, awards, etc. |