Obtain exceptional benefits and exemptions through the Startup India Certification program.

After being recognized under the Startup India initiative, startups can apply for tax exemption under Section 80 IAC of the Income Tax Act.

A startup is eligible for a tax holiday for three consecutive financial years within its first ten years of establishment.

The requirements for applying for the Section 80 IAC tax exemption are as follows:

• The startup must be officially recognized.

• Only private limited companies or limited liability partnerships (LLPs) qualify.

• The startup must have been incorporated on or after April 1, 2016.

Upon receiving a Startup India certificate, startups become eligible for various forms of support when applying for intellectual property rights, such as trademark registration, and patent and copyright registration.

Recognized startups can benefit from the following IPR (Intellectual Property Rights) advantages:

• Expedited processing of patent applications with an 80% reduction in government fees.

• Access to a panel of facilitators to assist with IP applications.

• Discounts on the filing fees for trademark applications.

Once you have registered with Startup India, you can apply for an exemption from Angel Tax.

To qualify for Angel Tax Exemption under Section 56 of the Income Tax Act of 1961, the following criteria must be met:

• The business must be recognized as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

• The total amount of paid-up share capital and share premium, after the issuance of the proposed shares, should not exceed INR 25 Crore.

Startups registered under the Startup India initiative can access funding through various government and semi-government schemes, including:

Venture Capital Assistance Scheme
This scheme, facilitated by the Small Farmers’ Agribusiness Consortium (SFAC), provides interest-free loans to projects that lack sufficient capital for completion.

Support to MSMEs for International Patent Protection in Electronics and IT
This program offers financial support to Micro, Small, and Medium Enterprises (MSMEs) seeking international patents in the electronics and IT sectors.

Stand Up India Scheme
Through this scheme, bank loans ranging from ₹10 lakh to ₹1 crore are made available to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one woman entrepreneur per bank branch.

Single Point Registration Scheme (SPRS)
The National Small Industries Corporation (NSIC) registers Micro and Small Enterprises (MSEs) under the SPRS, enabling them to participate in government procurement opportunities.

Startups have the option to conduct their own evaluations for compliance with labor laws, eliminating the need for inspections or physical visits by public officials during their initial three years of operation. Through the Startup India portal, startups can self-certify their adherence to the following six labor laws:

• Inter-State Migrant Workmen Act

• Payment of Gratuity Act

• Employees' Provident Fund and Miscellaneous Provisions Act

• Employees’ State Insurance Act

• Building and Other Construction Workers’ (Regulation of Employment and Conditions of Service) Act

• Contract Labour (Regulation and Abolition) Act

Our team of professionals is available to assist startups in ensuring compliance with these labor laws through the self-certification process.

Government e-Marketplace (GeM) serves as an online platform dedicated to public procurement. It enables private vendors, including startups, to offer their goods and services to government purchasers and participate in electronic tenders.

To become a seller on the GeM platform, you need to complete the registration process.

Startups registered on GeM receive special benefits compared to other private vendors. There is a specific initiative called the GeM Startup Runway Scheme designed exclusively for startups.

Under the GeM Startup Runway Scheme, startups can qualify for exemptions related to:

1. Prior Turnover requirements
2. Prior Experience criteria
3. Earnest Money Deposit obligations
4. Minimum eligibility criteria for government tenders