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Eligible Startups can be exempted from paying income tax for 3 consecutive financial years out of their first ten years since incorporation.
Under Funds of Funds for Startups Scheme already more than Rs. 1600 crore is invested in 251 Startups.You may be one of the Startups for the remaining Rs. 8,400 crore corpus.
Exemption from prior experience or turnover and Security deposit for filing tenders
Opportunity to list Startup products on Government e-marketplace for market visibility
Investments into eligible Startups by Accredited Investors, Non-Residents, AIFs, closely held listed companies may also be exempted under Section 56 (2) (VIIB) of Income Tax Act, 1961.
No more Labour Law Inspection fear for Startups. Recognised Startups can self manage their PF, ESIC, Gratuity and Environmental Law Compliance through simple self-declaration.
Recognised Startups can avail loans from Non-Resident Investors (External Commercial Borrowings-ECB) upto $ 3 million every financial year through simple RBI compliance mechanism.
For a period of five years from the date of its incorporation under the Companies (Acceptance of Deposits) Rules, 2014.
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