Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :

        Facilities for New Start-Ups

        November 20, 2019

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        Startup India Initiative was launched on 16th January 2016. The Startup India Action Plan with 19 Action Points intends to build a strong eco-system for nurturing innovation and startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Action Plan is divided across the following areas:

        1. Simplification and Handholding
        2. Funding Support and Incentives
        3. Industry- Academia Partnership and Incubation

        The incentives being provided to startups under Startup India initiative to overcome their initial hurdles are given below:

        1. Self-Certification under 6 Labour Laws & 3 Environmental Laws
        2. Relaxations in Public Procurement Norms
        3. Faster exit under the Bankruptcy Code
        4. Rebates on Patent & Trademark filing fees, support from facilitators and expedited examination of Patent application
        5. Income Tax exemption under Section 80 IAC of Income Tax Act
        6. Exemption from Income Tax on investments received above fair market value under clause (ii) of the proviso to clause (viib) of sub-section (2) of section 56 of the Income Tax Act
        7. Funding support under the Fund of Funds for startups
        8. Guidance and facilitation support from Startup India Hub

        The details of Startups founded all over country is not compiled, however, various initiatives undertaken under Startup India initiative have resulted in increase in recognition of Startups by DPIIT since the launch of the initiative as under: 

        Fiscal Year

        Number of startups recognized

        2016-2017

        746

        2017-2018

        7961

        2018-2019

        8618

        2019-2020 (Till November 5, 2019)

        7141

        The data on number of startups which are still functional for three years or have failed in three years of their launch is not compiled. As per data self-reported by startups, a total of 3 startups from Pratapgarh have been recognized by DPIIT. List of state-wise and industry-wise startups recognized by DPIIT since the launch of the initiative in 2016 based on data self-reported by startups are at Annexure I and Annexure II, respectively. Product-based data of the recognized startup by DPIIT is not compiled.

         ANNEXURE-I

        List of State/UT-wise number of Startups recognized by DPIIT 

        State/UT

        2016

        2017

        2018

        2019 (Till 5th November 2019)

        Andaman and Nicobar Islands

        0

        1

        2

        5

        Andhra Pradesh

        4

        103

        162

        140

        Arunachal Pradesh

        0

        0

        2

        2

        Assam

        10

        35

        68

        57

        Bihar

        1

        48

        149

        135

        Chandigarh

        9

        22

        27

        32

        Chhattisgarh

        11

        57

        121

        143

        Dadra and Nagar Haveli

        0

        3

        0

        2

        Daman and Diu

        0

        1

        1

        0

        Delhi

        75

        743

        1187

        1152

        Goa

        2

        20

        44

        32

        Gujarat

        29

        298

        452

        514

        Haryana

        28

        271

        487

        591

        Himachal Pradesh

        0

        9

        17

        25

        Jammu and Kashmir

        2

        15

        48

        37

        Jharkhand

        2

        35

        88

        80

        Karnataka

        67

        886

        1213

        1374

        Kerala

        24

        172

        332

        563

        Madhya Pradesh

        7

        107

        297

        272

        Maharashtra

        93

        1104

        1661

        1778

        Manipur

        0

        4

        7

        4

        Meghalaya

        0

        0

        2

        6

        Mizoram

        0

        0

        2

        1

        Nagaland

        1

        4

        2

        2

        Odisha

        4

        115

        168

        142

        Pondicherry

        0

        3

        16

        6

        Punjab

        7

        31

        70

        81

        Rajasthan

        14

        140

        246

        300

        Sikkim

        0

        1

        0

        2

        Tamil Nadu

        54

        271

        459

        489

        Telangana

        20

        328

        511

        492

        Tripura

        0

        0

        4

        5

        Uttar Pradesh

        29

        413

        791

        709

        Uttarakhand

        4

        45

        69

        84

        West Bengal

        8

        181

        275

        255

         ANNEXURE-II

        List of industry-wise number of startups recognized by DPIIT 

        Industry

        2016

        2017

        2018

        2019(Till 5th November 2019)

        Advertising

        0

        54

        92

        89

        Aeronautics/Aerospace & Defence

        0

        24

        78

        87

        Agriculture

        0

        174

        319

        427

        AI

        0

        73

        218

        288

        Analytics

        0

        64

        102

        106

        Animation

        0

        5

        13

        12

        AR/VR (Augmented + Virtual Reality)

        0

        40

        66

        81

        Architecture/Interior Design

        0

        19

        52

        56

        Art & Photography

        0

        35

        32

        32

        Automotive

        0

        82

        141

        158

        Chemicals

        0

        21

        41

        54

        Computer Vision

        0

        23

        33

        33

        Construction

        0

        83

        212

        282

        Dating/Matrimonial

        0

        3

        8

        11

        Design

        0

        53

        105

        79

        Education

        0

        313

        767

        658

        Enterprise Software

        0

        148

        249

        263

        Events

        0

        22

        40

        52

        Fashion

        0

        59

        111

        102

        Finance Technology

        0

        160

        237

        362

        Food & Beverages

        0

        179

        365

        450

        Green Technology

        0

        128

        274

        310

        Healthcare & Lifesciences

        0

        424

        768

        808

        House-Hold Services

        0

        38

        76

        78

        Human Resources

        0

        53

        149

        171

        Internet of Things

        0

        143

        265

        246

        IT Services

        0

        610

        1417

        1351

        Marketing

        0

        73

        243

        226

        Media & Entertainment

        0

        96

        166

        197

        Nanotechnology

        0

        12

        21

        20

        Non-Renewable Energy

        0

        12

        27

        31

        Other Specialty Retailers

        0

        30

        66

        63

        Pets & Animals

        0

        12

        22

        24

        Professional & Commercial Services

        0

        190

        388

        400

        Real Estate

        0

        34

        80

        95

        Renewable Energy

        0

        142

        292

        262

        Retail

        0

        116

        241

        224

        Robotics

        0

        28

        71

        81

        Safety

        0

        10

        27

        26

        Security Solutions

        0

        36

        87

        84

        Social Impact

        0

        37

        64

        73

        Social Network

        0

        60

        82

        105

        Sports

        0

        25

        40

        54

        Technology Hardware

        0

        152

        260

        286

        Telecommunication & Networking

        0

        53

        105

        83

        Textiles & Apparel

        0

        61

        100

        105

        Transportation & Storage

        0

        100

        164

        216

        Travel & Tourism

        0

        72

        199

        211

        Not Reported

        505

        1085

        5

        0

         This information was given by the Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Lok Sabha today.

        Startup incentives and tax reliefs enable simplified compliance and funding support for recognised start ups under the national initiative. The Startup India Initiative provides regulatory simplification, funding support, and industry-academia incubation to nurture start ups, including self certification under specified labour and environmental laws, procurement relaxations, expedited insolvency exit, patent fee rebates and expedited examination, income tax relief under Section 80 IAC, exemption for certain investor contributions, and capital from a Fund of Funds; DPIIT recognition is based on self reported data and state/industry annexures list recognised start ups, while three year survival and product level data are not compiled.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Startup incentives and tax reliefs enable simplified compliance and funding support for recognised start ups under the national initiative.

                              The Startup India Initiative provides regulatory simplification, funding support, and industry-academia incubation to nurture start ups, including self certification under specified labour and environmental laws, procurement relaxations, expedited insolvency exit, patent fee rebates and expedited examination, income tax relief under Section 80 IAC, exemption for certain investor contributions, and capital from a Fund of Funds; DPIIT recognition is based on self reported data and state/industry annexures list recognised start ups, while three year survival and product level data are not compiled.





                              Note: It is a system-generated summary and is for quick reference only.

                              Topics

                              ActsIncome Tax
                              No Records Found