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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 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.
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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
She is B.Com (H), LL.B LLM, Cs (Module 2) And Certification In Cyber Law From ILI Qualified. She has Been A Legal Teacher In The Previous Organization. My Strength Is My Expertise Knowledge In Civil Laws, Corporate Law And Tax Laws. I Have Been Legal Teacher And Legal Trainer In The Past Organization. Her Knowledge About The Subjects Have Expanded Due To Teaching Number Students From Various Universities All Over India.
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Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers.
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