DPIIT Registration
DPIIT Registration ( Startup Registration)
The Startup India Program is an Indian government effort aimed at assisting entrepreneurs and creating jobs through the G2B portal. The Government to commercial (G2B) portal is a platform for making online requests for a variety of government commercial services. The significance of this methodology lies in the development of a strong structure to drive change in the country.
Conditions For Obtaining DPIIT Registration Must Be Met
- The period must not be longer than ten years from the date of the constitution.
- It must include limited liability businesses, registered partnerships, and limited liability partnerships.
- Annual income is not likely to exceed Rs 100 million for any fiscal year as a result of the combination.
- It cannot be produced by dismantling or reconstructing a viable firm. It is necessary to create new creatures.
- It must engage in innovative activities, such as the extension or improvement of products, processes, or services, or it must focus on employment generation and wealth creation for the economy.
Benefits And Rewards Of The Registration
- First and foremost is the tax exemption which any recognised startup can claim.
- There will be lot of income tax benefits for the period of three years.
- Save the money as well as time
- Investment exemptions can be availed.
- Concessions on all the capital gains can be availed.
- Self-certification and no inspection for three years
- Fund by the government to help the startups.
