To qualify for recognition, your entity must meet these four criteria:

1. Entity Type: Must be a Private Limited Company, LLP, or Registered Partnership.
2. Eligibility: An entity shall be considered as a startup up to 10 years from the date of its incorporation.
3. Turnover: Annual Turnover should be less than 8100 Crore in any of the previous financial years.
4. Innovation: Must be working toward innovation, improvement of products/services, and a scalable business model with high employment potential.

Key Benefits of Registration

1. Tax Holidays (80-IAC): 100% tax exemption on profits for 3 consecutive years out of its first ten years since Incorporation.
2. Angel Tax Relief: Exemption under Section 56 of the IT Act, 1961.
3. IPR Support: Up to 80% rebate on patent filings and 50% on trademarks.
4. Funding Access: Eligibility for the 710,000 Cr Fund of Funds and Seed Fund Schemes.

How We Help You

Navigating the DPIIT recognition and Inter-Ministerial Board (IMB) approvals requires precise documentation. Our firm provides:

1. End-to-end Registration & drafting of the Innovation Pitch.
2. Tax Exemption Approvals (Section 80-IAC & Angel Tax).
3. Compliance Management to ensure you stay eligible for benefits.