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Startup India Eligibility, Tax Exemptions and Incentives

Post getting recognition a Startup may apply for Tax exemption under section 80 IAC<br>of the Income Tax Act. Post getting clearance for Tax exemption, the Startup can avail<br>tax holiday for 3 consecutive financial years out of its first ten years since<br>incorporation. In India, the most common type of "legal structure" for all businesses is a private limited company. A private limited company (PLC) might have as few as two members and as many as fifty. "Company Registration" is the first and most important and we are here with all you need as the best online legal services India.

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Startup India Eligibility, Tax Exemptions and Incentives

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  1. Startup India Eligibility, Tax Exemptions and Incentives

  2. Prime Minister Narendra Modi proclaimed the Startup India campaign in 2016 to boost entrepreneurship in India. The action plan aimed at promoting bank financing for startups, simplifying the incorporation of startup process and grant of various tax exemptions and other benefits to startups. But all the benefits and exemptions are available to the startups only if they come under the criteria of an ‘Eligible Startup’. So first let’s understand the conditions to be met to qualify as an “Eligible Startup”

  3. Startup India: 80 IAC Tax exemption Post getting recognition a Startup may apply for Tax exemption under section 80 IAC of the Income Tax Act. Post getting clearance for Tax exemption, the Startup can avail tax holiday for 3 consecutive financial years out of its first ten years since incorporation. Eligibility Criteria for applying to Income Tax exemption (80IAC): The entity should be a recognized Startup. Only Private limited or a Limited Liability Partnership is eligible for Tax exemption under Section 80IAC. The Startup should have been incorporated after 1st April, 2016.

  4. Startup India: Tax Exemption under Section 56 of the Income Tax Act Post getting recognition a Startup may apply for Angel Tax Exemption. 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.

  5. Tax exemptions allowed to Eligible Startups 3 year tax holiday in a block of seven years Exemption from tax on Long-term capital gains Tax exemption on investments above the fair market value Tax exemption to Individual/HUF on investment of long-term capital

  6. Benefits to startups by Indian Government Simple process Reduction in cost Easy access to funds Apply for tenders R&D Facilities No time- consuming compliance Choose your investor Easy exit Meet other entrepreneurs

  7. is a fast growing successful online business service provider designed to help Entrepreneurs and Business Owners easily start and manage a business in India. We provide fast and end-to-end business incorporation and associated service. Your problem is our concern.. +91 90279 50995 info@lawgicalindia.com www.lawgicalindia.com

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