Startup Business

Home   Services

Services

Reach Us

+91 95666 92087

10 AM - 6 PM (Mon - Sat)

support@msaccountsandtax.com

Start-up India Registration

Eligibility Check: Ensure your business meets the criteria set by the Government of India for a startup. This includes being a privately held company, having a turnover less than ₹100 crores, and being less than 10 years old from its incorporation date.

Registration on the Start-up India Portal: Visit the Start-up India official website and register your startup by providing necessary details such as business name, address, date of incorporation, etc.

Upload Documents: You'll need to upload specific documents, including a letter of recommendation/support, incorporation certificate, brief details of your innovative nature of the products/services, etc.

Self-Certification: Declare that the entity is working towards innovation, development, deployment, or commercialization of new products, processes, or services driven by technology or intellectual property.

Recognition Number: Once your application is approved, you'll receive a recognition number and a certificate of recognition that validates your startup's registration under the Start-up India initiative.

Start-up India Registration documentation

To register your startup with Start-up India, you will need to provide specific documentation. Here is a general list of documents required for the registration process:

Business Incorporation/Registration Certificate: This document validates the legal existence of your business. It could be the Certificate of Incorporation for a company, Partnership Deed for a partnership firm, or any other relevant registration document depending on the type of business entity.

Description of Business: Provide a brief description of your business, outlining the nature of products/services, innovation, technology-driven aspects, and the problem it solves or the niche it caters to.

Letter of Recommendation: Obtain a recommendation or support letter from any of the following entities: Incubator established in a post-graduate college in India. Incubator recognized by the Government of India. Letter of support from any Central or State Government department.

Letter of funding of at least 20% in equity by an incubation fund or angel fund or a private equity fund or an accelerator or an angel network duly registered with SEBI that endorses innovative nature of the business.

Details of Directors/Partners: Provide personal information and identification details of all directors/partners, including PAN cards, Aadhar cards, photographs, etc.

Information about Innovation: Describe the innovative aspect of your business, such as how it leverages technology, intellectual property, or any unique value proposition.

Financial Documents (if applicable): Financial statements or projections might be required to showcase the potential growth and viability of the business.

Patent or Trademark Registration (if applicable): If your startup has registered patents, trademarks, or any other intellectual property, include these documents to support your innovation claims.

START UP INDIA TAX EXEMPTION

Income Tax Exemption: Startups certified under the Start-up India program may be eligible for an income tax holiday for three consecutive assessment years out of their first ten years since incorporation. This exemption is available provided they fulfill the specified criteria.

Capital Gains Tax Exemption: To encourage investment in startups, the government provides exemptions on capital gains tax for investments made by individuals in eligible startups. Capital gains from the sale of a residential property can be invested in eligible startups to avail of this exemption.

Tax Exemption on Investments Above Fair Market Value: Startups issuing shares at a premium to domestic investors can be exempted from the angel tax, where the consideration received for such shares exceeds the fair market value of the shares.

Tax Deduction for Investments in Eligible Startups: Investors who fund startups can avail themselves of a deduction of 100% of the amount invested by them in eligible startups for computing their taxable income.

Reduced Corporate Tax Rates: In the Union Budget, the government has periodically announced reduced corporate tax rates for eligible new manufacturing companies and certain other businesses to promote investment and growth.