Startup India Registration
DPIIT recognition, and the exemptions that come with it.
DPIIT recognition is worth having for three things: exemption from income tax on profits for three consecutive years out of the first ten under section 80-IAC, exemption from the angel tax under section 56(2)(viib), and self-certification against nine labour and three environmental laws.
To qualify the entity must be a private limited company, LLP or registered partnership, under ten years old, with turnover below ₹100 crore in every year since incorporation, and working on innovation or a scalable model.
Recognition itself is fairly quick. The 80-IAC exemption is a separate application to an inter-ministerial board and is the one that actually gets refused, usually for a weak innovation write-up.
What is included
- DPIIT recognition application
- Innovation and scalability write-up
- Section 80-IAC tax exemption application
- Angel tax exemption declaration
What we need from you
- Certificate of incorporation
- PAN of the entity
- Director or partner details
- Website, pitch deck or product description
Questions
Does DPIIT recognition mean I pay no tax?
No. Recognition makes you eligible to apply for the 80-IAC exemption, which if granted covers profits for three years out of your first ten. It is a separate application and it is refused more often than it is granted.
How long does a startup stay recognised?
Up to ten years from incorporation, or until turnover crosses ₹100 crore in any financial year, whichever comes first.
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Talk to us
Get started with Startup India Registration
Tell us a little about the business and a chartered accountant will call you back. You will get a firm quote before any work begins.
- A qualified accountant on the call, not a call centre
- A firm quote before any work begins
- Your details are never sold or shared