Startup India is an initiative by the Government of India aimed at promoting entrepreneurship and supporting startups through various incentives and benefits. Businesses that qualify for Startup India Recognition receive tax exemptions, funding opportunities, and regulatory support, making it easier to scale operations.

Eligibility Criteria for Startup India Recognition

To be recognized under the Startup India program, a business must:

• Be registered as a private limited company, partnership firm, or LLP.
• Have been operational for less than 10 years.
• Have an annual turnover of less than ₹100 crores in any financial year.
• Be engaged in innovation, development, or improvement of products or services.
• Not be formed by splitting or reconstructing an existing business.

Key Benefits of Startup India Recognition

Tax Exemptions and Financial Benefits

✅ 3-Year Tax Holiday – Eligible startups can avail a 100% income tax exemption for three consecutive years.
✅ Capital Gains Exemption – Startups investing capital gains in government-notified funds get tax relief.
✅ Angel Tax Exemption – Startups raising funds from investors are exempt from Section 56(2)(viib) tax on share premium.

Easy Compliance and Reduced Regulations

✅ Self-Certification of Compliance – Startups can self-certify compliance with labor and environmental laws, reducing legal burdens.
✅ Fast-Track Patent Application – Expedited processing and up to 80% reduction in patent filing fees.
✅ Easy Winding Up – Startups can be closed within 90 days under the Insolvency and Bankruptcy Code.

Access to Government Support and Funding

✅ Startup India Seed Fund Scheme (SISFS) – Startups receive funding support for early-stage development.
✅ Credit Guarantee Scheme – Collateral-free loans for startups to access financial assistance.
✅ Public Procurement Benefits – Startups are exempted from prior experience or turnover requirements when bidding for government contracts.

Networking and Global Exposure

✅ Startup India Hub – A dedicated platform for startups to connect with investors and mentors.
✅ Participation in Global Events – Opportunities to showcase innovations in international summits.

How ASK ASSOCIATES Helps

ASK ASSOCIATES simplifies the Startup India Recognition process by:
✔ End-to-End Registration Assistance – Handling the entire application process, ensuring quick recognition.
✔ Tax & Compliance Management – Ensuring businesses maximize tax exemptions and legal benefits.
✔ Funding & Investment Advisory – Connecting startups with investors and guiding them on fundraising.
✔ Legal & Financial Guidance – Helping with patents, trademarks, and regulatory filings.

With ASK ASSOCIATES, startups can focus on innovation and growth, while we take care of legal, financial, and compliance needs.