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Startup India

The Startup India Initiative, launched by the Government of India, aims to support entrepreneurs by offering tax benefits, funding opportunities, and ease of doing business. Registering under Startup India helps businesses gain legal recognition and avail multiple benefits under the scheme.

To qualify, a business must be a private limited company, LLP, or registered partnership firm with an innovative product or service and must be less than 10 years old.

Compliances for Startup India Registered Companies

  1. Annual Compliance Filing – Submission of financial reports, tax returns, and other regulatory filings.

  2. DPIIT Recognition Updates – Startups must update business progress to retain recognition.

  3. GST Registration & Filing – Required if annual turnover exceeds ₹40 lakh (₹20 lakh for services).

  4. Income Tax Filing – Even with tax exemptions, startups must file IT returns annually.

  5. ROC Filings – LLPs and private limited companies must file Annual Returns with the Registrar of Companies (ROC).

  6. Labour Law & Environmental Compliance – Self-certification for startups under applicable laws.

  7. Intellectual Property Filings – If availing trademark/patent benefits, compliance with IPR regulations is necessary.

  8. Employee Provident Fund (EPF) & ESI Compliance – If applicable, startups must comply with payroll regulations.


 

how we help

Great Support for Funding & Compliance

Advantages of Startup India Registration
  1. Tax Exemptions – Eligible startups receive 100% income tax exemption for the first three years.

  2. Easy Funding Access – The Fund of Funds Scheme supports startups with government-backed funding.

  3. Rebate on Trademark & Patent Filing – Startups get an 80% reduction on patent fees and a 50% rebate on trademarks.

  4. Government Tenders & Contracts – Startups can apply for government tenders without prior experience.

  5. Self-Certification for Compliance – Startups can self-certify labour laws and environmental laws.

  6. Easier Winding Up Process – Startups can shut down operations within 90 days under the Insolvency & Bankruptcy Code.

  7. Networking & Incubation Support – Access to mentorship, accelerator programs, and industry networking events.

  8. Relaxation in Public Procurement Norms – Startups get exemptions in Earnest Money Deposit (EMD) and turnover requirements.

Documentation Required for Startup India Registration
  1. Certificate of Incorporation or Registration (Private Limited Company, LLP, or Partnership Firm)

  2. PAN Card of the Business Entity

  3. Directors’/Partners’ PAN & Aadhar Cards

  4. Business Plan Document

  5. Pitch Deck (for funding benefits)

  6. Website or Product Details

  7. Board Resolution (if applicable)

  8. Letter of Recommendation from Incubators (if applicable)

  9. Details of Intellectual Property (if any)

We were able to start our LLP without any legal complications. Thanks to TaxoTalk!”

Frequently Asked Questions (FAQs)
Who can register under Startup India?

Any Private Limited Company, LLP, or Partnership Firm with an innovative business model and under 10 years of incorporation can apply.

How long does Startup India registration take?

The registration process usually takes 7-10 working days, depending on document verification.

What are the tax benefits under Startup India?

Eligible startups receive a 100% tax exemption for 3 years and capital gains tax exemptions.

Is funding guaranteed under Startup India?

No, startups must apply for government funds and secure funding based on their business model.

Can an individual register as a startup?

No, only registered companies, LLPs, or partnership firms can apply under the Startup India scheme.