Start-up Recognition Certification
- At Egniol, we offer consultation for the start-up recognition certifications.
Every start-up is created with a dream vision to introduce a game changing product or service that never existed in the market. The government of India launched the Startup India scheme in 2017 that provides budding entrepreneurs, visionaries, and dreamers a platform to grow their business.
DPIIT-certified startups are eligible for benefits in the following areas:
- Intellectual property rights
- Relaxation in public procurement norms
- Self-certification under labour & environment laws
- Acquire government funds (via funds of funds for start-ups)
- Faster exit for start-ups
Furthermore, Startup India DPIIT-certified startups can seek for income tax exemption for three out of ten years, which is a significant benefit.
There are various resources that these startups can access like learning and development programs, centralised repository, state start-up policies, pro bono services, knowledge bank, tools and templates, networking, idea bank, programs and initiatives.
Post getting start-up recognition, Startup can apply for Tax exemption under section 80 IAC of the Income Tax Act. The Startup can avail tax exemption for 3 consecutive financial years out of its first ten years since incorporation (only Private limited or a Limited Liability Partnership is eligible for Tax exemption).
Egniol helps with all the legal procedures and provides consultation for your unique needs. We have a tailor-made solution with the best interests of your business and provide a guaranteed and satisfying service.