Startup India Certification

CA SERVICES

8/1/20242 min read

At Arthiq, we offer consultation for start-up recognition certifications. Every start-up is born from a vision to launch revolutionary products or services previously unavailable in the market. In 2017, the Government of India initiated the Startup India scheme to support budding entrepreneurs, visionaries, and dreamers in expanding their businesses.

Startups certified by the Department for Promotion of Industry and Internal Trade (DPIIT) are eligible for benefits in various areas, including:

  • Intellectual property rights protection

  • Relaxed norms for public procurement

  • Self-certification compliance under labor and environmental laws

  • Access to government funds (via funds of funds for startups)

  • Streamlined exit processes for startups

Moreover, DPIIT-certified startups under Startup India can apply for income tax exemptions for three out of their first ten years, which represents a significant advantage.

These startups also have access to a variety of resources such as learning and development programs, a centralized repository, state startup policies, pro bono services, a knowledge bank, tools and templates, networking opportunities, an idea bank, and various programs and initiatives.

Tax Exemption Upon receiving start-up recognition, a startup can apply for tax exemption under section 80 IAC of the Income Tax Act. Eligible startups (only Private limited or Limited Liability Partnerships) can avail of tax exemptions for three consecutive financial years out of their first ten years since incorporation.

Arthiq assists with all legal procedures and provides tailored consultations to meet your unique needs. We are committed to offering solutions that best serve the interests of your business, ensuring guaranteed satisfaction with our services.