STARTUP REGISTRATION SERVICES
The public authority has carried out a Startup India plot for the development of organizations by advancing advancements. The DIPP enrollment accompanies many advantages that new companies can use by enlisting a business substance under the StartUp India plot. This plan is imagined at changing India into a task supplier rather than a task searcher. Just an element which is enrolled as a Private Limited Company or a Limited Liability Partnership (LLP) or a Registered Partnership Firm can get acknowledgment under Startup India Scheme. Further, such startup should be associated with the exercises towards advancement or improvement in existing items or administrations, and should be equipped for producing work or abundance creation. Just a qualified element according to the measures given by the public authority can take enlistment under the said conspire by applying on the web by means of Mobile Application or through entrance set up by DIPP.
Infitax is a web-based stage offeringt enlistment in StartUp India Scheme to profit StartUp India Recognition Certificate. At Infitax, we take special care of clients searching for a superior, quicker and reasonable web-based StartUp India Recognition Registration Services.
Benefits of Startup India Registration
1- Tax Exemption
The entity registered under the Startup India Scheme can apply for an exemption of income tax under section 80 IAC of the Income Tax Act. Such an entity can avail tax exemption for 3 consecutive financial years out of first 10 years from the date of incorporation provided following conditions are fulfilled:
(1) An entity shall be a Private Limited Company or Limited Liability Partnership.
(2) It shall be incorporated between 01st April 2016 to 01st April 2021.
2- Rebate in Trademark and Patent Application fees
All the startups registered under this scheme can claim a rebate on the government fees for filing a trademark application. And up to 80% rebate in Patent applications and can avail the benefit of fast track patent application. Entire fees of Facilitators for any number of Patents, Trademarks or Designs a Startup may file, shall be borne by the Government. Hence Startups will have to bear the cost of Statutory Fees only.
3- Government Tenders
Registering an entity under the DIPP recognition scheme enable Startups to apply for Government tenders. One of the requirements of having minimum prior experience/turnover for filing the government tender by the companies is not applicable to the companies registered under the StartUp India scheme. Startups recognised under DIPP have been exempted from submitting Earnest Money Deposit (EMD) while filing government tenders.
4- Fund of Funds for Startups
The startup can raise funds and capital through the fund of funds initiative by Startup India. DIPP has proposed to release Rs.10,000 crore for Startups through this scheme. Small Industries Development Bank of India shall provide funds to Startups approved by Implementing Agencies.
5- Angel Tax Exemption
The Startup India recognized entity can avail tax exemption benefit from the funds received as angel investment. The exemption is only granted if the total amount of paid-up share capital and share premium does not exceed Rs. 25 Crore after the proposed issue of share. To avail this exemption the entity need to fulfil some conditions for investing in certain assets.
6- Interaction platform for Startups
Networking is an essential key for any entrepreneur to get recognition in the market and among other industry peers. After registering under the DIPP scheme, the startups get a platform to meet other startups, well-known speakers, investors etc. at various fests and summits organized by Government at a huge scale. Startups recognised under DIPP can register on Government e-Marketplace as a seller and sell their products and services directly to Government Entities.