• Partnership Firm
• Limited Liability Partnership Firm
• Private Limited Company

A firm/company having these registration & have a unique concept or idea can be apply for Startup India.

Eligible Startup can avail the benefits of Income Tax Exemptions for consecutive 3 financial years.

Eligibility to avail tax exemption under 80IAC
The entity should be recognised by the DPIIT
Only Private Limited Companies or Limited Liability Partnerships are eligible for tax exemption under Section 80IAC
The Startup must have been incorporated on or after 1st April, 2016

Registration Process & Documents
Access Startup India portal and register
After registration, apply for DPIIT recognition
Access the Section 80 IAC exemption application
Fill in all details with the below-mentioned documents uploaded and submit the application form

Exemption under Section 56(2)(VIIB) of Income Tax Act

• Investments into eligible startups by listed companies with a net worth of more than INR 100 Crore or turnover more than INR 250 Crore shall be exempt under Section 56(2) VIIB of Income Tax Act
• Investments into eligible Startups by Accredited Investors, Non-Residents, AIFs (Category I), & listed companies with a net worth more than 100 crores or turnover more than INR 250 Crore, shall be exempt under Section 56(2)(VIIB) of Income Tax Act
• Consideration of shares received by eligible startups shall be exempt upto an aggregate limit of INR 25 CroreEligibility to avail tax exemption under Section 56
  • Should be a private limited company
  • Should have been recognised as a DPIIT. To get DPIIT recognition, click on “Get Recognised” below.
  • Not Investing in specified asset classes
  • Startup should not be investing in immovable property, transport vehicles above INR 10 Lakh, Loans and advances, capital contribution to other entities, except in the ordinary course of business

  Registration Process

  • Registration to be done at the Startup India Portal
  • Get DPIIT Recognition
  • File the up Section 56 Exemption application form from this link
  • Startup company will receive an email once the registration is activated

• Fast-tracking of Startup Patent Applications – The applications will be fast-tracked so that the value can be realised sooner.
• Panel of facilitators to assist in the filing of IP applications – The facilitators will be assisting in the filing of applications.
• Government to bear facilitation cost – Under this scheme, the Central Government shall bear the entire fees of the facilitators for any number of patents, trademarks or designs that a Startup may file, and the Startups shall bear the cost of only the statutory fees payable.
• Rebate on the filing of application – Startups shall be provided with an 80% rebate in filing of patents vis-a-vis other companies. This will help them pare costs in the crucial formative years

DPIIT is Department for Promotion of Industry and Internal Trade administered by the Ministry of Commerce and Industry, it is a nodal Government agency with a responsibility to formulate and implement growth strategies for the Industrial Sector along with other Socio-Economic objectives and national priorities.

DPIIT recognised company & firms as a Startup. Under the Startup India initiative, eligible companies can get recognized as Startups by DPIIT, in order to access a host of tax benefits, easier compliance, IPR fast-tracking & more.