Business startup services

Startup India - DPIIT Recognition

Startup India initiative intends for the growth of startups. It aims to empower startups to achieve growth through innovation and technology. Get recognition of startup to avail benefits provided under startup India.

Start Up India Registration:

100% Easy Online Process & Transparent pricing

The registration with Startup India (DPIIT) is mandatory to avail of the Tax Benefits, Concessional IPR Filing and easier compliance.  The benefits provide to Start Up’s under Startup India Registration are immense , which is why more people are setting up their startups. Setupfiling is an online platform that provides consultation and professional services to startups looking for fast and affordable compliance services. Chat with us or Call us +91 9818209246

Startup India Registration

A startup is a new business that has just been started. It is usually small and created by one person or a group of people. How it’s different from other new businesses because it comes up with a new product or service that isn’t already being sold elsewhere in the same way. “Invention” is the keyword. The business either comes up with a new product or service or improves an existing product or service to make it better.

Startup India is a flagship programme of the Indian government (started in January 2016) that aims to create a robust ecosystem for nurturing innovation and startups in the country, resulting in long-term economic growth and large-scale job creation. With this effort, the government hopes to empower startups to grow through innovation and design. To achieve the initiative’s goals, the Indian government launched the Startup India Action Plan, which covers all areas of the startup ecosystem

Eligibility for Registration under Start up India

Under the Startup India Action Plan, startups that meet the definition as prescribed under G.S.R. notification 127 (E) are eligible to apply for recognition under the program. As per the Startup India Action plan, the followings conditions must be fulfilled in order to be eligible as Startup :

1. Being incorporated or registered in India up to 10 years from its date of incorporation
2. Is a private limited company or registered as a partnership firm or a limited liability partnership
3. Has an annual turnover not exceeding Rs. 100 crore for any of the financial years since
4. incorporation/registration is working towards innovation, development or improvement of products or processes or services, or if
5. it is a scalable business model with a high potential of employment generation or wealth creation.
6. It is important to note that an entity formed by splitting up or reconstruction of an existing business shall not be considered a ‘Startup’. Also, an entity will not be called a startup after:
7. Completion of ten years from the date of its incorporation/registration, or
8. Achieving turnover in any previous year more than Rs. 100 crore

Eligibility Criteria for Tax Exemption under Section 56 of the Income Tax Act: The entity should be a DPIIT recognized Startup. Aggregate amount of paid up share capital and share premium of the Startup after the proposed issue of share, if any, does not exceed INR 25 Crore

An entity shall cease to be a Startup,

1. On completion of 10 years from the date of incorporation/registration.
2. If its turnover for any previous year exceeds Rs. 100 crore