Startup India Registration (DPIIT Recognition)

What is Startup India / DPIIT Recognition?

DPIIT Recognition is the official recognition granted to eligible startups under the Startup India initiative. Once recognised, the startup can avail various tax, funding and compliance benefits offered by the Government of India.

• Initiative By: Government of India (Startup India), administered by DPIIT
• Recognition: A certificate of recognition with a unique DPIIT number
• Eligible Entities: Private Limited Company, LLP and Registered Partnership Firm
• Focus: Innovation, development or improvement of products, processes or services
• Portal: Applications are filed online on the Startup India portal

Eligibility Criteria for Startup Recognition

• Entity Type: Must be a Private Limited Company, LLP or Registered Partnership Firm
• Age of Entity: Should be within 10 years from the date of incorporation
• Turnover Limit: Annual turnover should not exceed Rs. 100 crore in any financial year
• Innovation: Should work towards innovation, development or improvement of products/services/processes
• Scalability: Should have a scalable business model with potential for employment generation or wealth creation
• Original Entity: Must not be formed by splitting up or reconstructing an existing business

Note: Eligibility is assessed based on your entity and business model. To confirm your eligibility, connect with our executive.

Benefits of Startup India Registration

• Income Tax Exemption (Sec 80-IAC): Eligible startups can get a tax holiday for 3 consecutive years out of the first 10 years
• Angel Tax Exemption (Sec 56): Exemption on investments received above fair market value, subject to conditions
• Self-Certification: Self-certify compliance under 6 labour laws and 3 environmental laws
• Easier Public Procurement: Relaxed norms and exemption from prior experience/turnover in government tenders
• IPR Benefits: Rebate on patent and trademark filing fees and access to facilitators
• Faster Exit: Easier and faster winding up of the company
• Funding Support: Access to the Fund of Funds and government-backed funding schemes
• Networking: Access to the Startup India network, events and incubators

Documents Required for Startup India Registration

• Certificate of Incorporation / Registration of the entity
• PAN Card of the entity
• Details of directors / partners (name, photo, contact details)
• Brief write-up about the nature of business and how it is innovative
• Details of the products/services and the business model
• Website / pitch deck / video (if available)
• Information about funding (if any) and revenue model
• Patent / trademark details (if any)
• Authorisation letter from the authorised representative
• Proof of concept, awards or recognition (if available)

Our Startup India Registration Process

1. Consultation: Assess your entity's eligibility for DPIIT recognition
2. Entity Setup: Incorporate a Company/LLP/Partnership first, if not already done
3. Document Collection: Gather incorporation documents and business details
4. Profile Creation: Create the startup profile on the Startup India portal
5. Application Filing: File the DPIIT recognition application with the innovation write-up
6. Submission: Submit supporting documents describing the innovative nature of the business
7. Recognition Certificate: DPIIT reviews and issues the Certificate of Recognition
8. Tax Exemption (Optional): We further assist with the 80-IAC and angel tax exemption applications

Tax Exemptions Under Startup India

• Section 80-IAC: 100% deduction of profits for 3 consecutive financial years out of the first 10 years (for eligible, recognised startups that obtain the additional 80-IAC certificate)
• Section 56 (Angel Tax): Exemption from tax on consideration received for issue of shares above fair market value, subject to conditions
• Carry Forward of Losses: Relaxed conditions for carry forward and set-off of losses
• Separate Application: The 80-IAC and angel tax exemptions require a separate application after DPIIT recognition

Note: Tax exemptions are subject to eligibility and approval by the inter-ministerial board / income tax authority. For details, connect with our executive.

Who Should Apply for Startup India Registration?

• New and early-stage startups with innovative ideas
• Tech startups, SaaS companies and app-based businesses
• Product and manufacturing startups with unique offerings
• Startups seeking funding, incubation or government support
• Businesses looking to avail income tax and angel tax exemptions
• Entities planning to bid for government tenders with relaxed norms

Frequently Asked Questions (FAQs)

Q1. Who is eligible for Startup India / DPIIT recognition?

A Private Limited Company, LLP or Registered Partnership Firm within 10 years of incorporation, with turnover up to Rs. 100 crore and working on an innovative, scalable business. For your case, connect with our executive.

Q2. Can a proprietorship register under Startup India?

No. Only Private Limited Companies, LLPs and Registered Partnership Firms are eligible for DPIIT recognition.

Q3. Does DPIIT recognition automatically give tax exemption?

No. DPIIT recognition is the first step. Tax exemptions under Section 80-IAC and Section 56 require separate applications and approvals.

Q4. What is the validity of DPIIT recognition?

A startup remains recognised until it completes 10 years from incorporation or its turnover exceeds Rs. 100 crore, whichever is earlier.

Q5. What is the 80-IAC tax holiday?

It allows eligible recognised startups to claim 100% deduction of profits for any 3 consecutive years out of the first 10 years, subject to approval.

Q6. Is there any turnover limit?

Yes. The annual turnover should not exceed Rs. 100 crore in any of the financial years since incorporation.

Q7. How long does Startup India registration take?

DPIIT recognition is generally granted within a few working days of submitting a complete application. For more details, connect with our executive.

Ready to Get Your Startup India Registration?

Contact us today for fast and hassle-free Startup India / DPIIT recognition and tax exemption services!