Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Startup means a company who is new in terms of manufacturing and operations. It is a venture with a new innovative idea in the market with a new inventive service, product, etc. The venture is small in the capital and size of the operations. The funding is either in the form of venture capital from investors within or outside India. This article describes the process of startup registration.
Startup means a new venture/business which is unique to India or a net inflow of product market or something which is not readily available. The start-up is generally defined as that business that is innovative or new inventive setup or influx of new technology: those companies which may reduce the gap in the market.
The process of registration for a startup in India is very simple. The Startup India[1] has come up under the flagship program, called STARTUP-INDIA, 2016, launched on January. The objective was to provide economic development and new wings to the economy. This helps in creating new jobs and employment in the country. The government decided to give as many benefits which reduce the burden on a newly established startup.
Table of Contents
A tax benefit is given to the company or LLP, which has been registered on 1st April 2016. The minimum turnover must be at least 25 Crores or less.
The benefits available in the startup registration given by our government have changed the overall picture of the startups. The startups are given the total corpus or funding by the government of India of Rs. 2500 crore as the initial funding and Rs. 10, 000 crore funding for the next four years. The startups are given benefits such an exemption from payment of taxes for three years, an exemption from capital gain tax, 80 percent rebate over fees of the patent.
If we calculate any startup registration in India from start to end, it has become very easy. Looking from registration to incubation support and funding by the government and tax exemptions, a lot has been added by the government to boost the economy. This government initiative is helping in building a bright future of Make in India and stopping brain drain to foreign countries, by creating ease of doing business in India.
Read our article:Startup India Registration Process – The Complete Guide
A joint venture is a strategic business arrangement in which two or more companies collaborate...
With the rising inflation rates and various other economic factors, wealthy Americans are incre...
Before approaching the new suppliers or any other third parties, you should always go for the v...
With the increasing landscape of Fintech Companies, it is increasingly vital that fintech compl...
This blog gives a detailed description through an audit report for industrial waste by examinin...
Are you human?: 3 + 1 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
For foreign venture capital investors, the Securities and Exchange Board of India (SEBI) has released a master circ...
07 Mar, 2023
Milling Business in India Milling Business in India has about 11.2% of arable land in the world. It is also the 6th...
17 Oct, 2019
Chat on Whatsapp
Hey I'm Suman. Let's Talk!