Startup recognition: eligibility and certification required for tax benefits, portal registration and penalties for false documents. A startup is an entity within five years of incorporation, below a prescribed turnover ceiling, and engaged in technology or IP driven innovation or significant improvement of products, processes or services; reconstructed or split businesses are excluded. Tax benefit eligibility requires certification by an Inter Ministerial Board. Recognition is granted via the Department's portal (or interim process) upon uploading prescribed documentary evidence, triggering a real time recognition number; verification revealing forged or improper documents attracts a capital linked monetary penalty with a statutory minimum. The notification is effective on Gazette publication.
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 recognition: eligibility and certification required for tax benefits, portal registration and penalties for false documents.
A startup is an entity within five years of incorporation, below a prescribed turnover ceiling, and engaged in technology or IP driven innovation or significant improvement of products, processes or services; reconstructed or split businesses are excluded. Tax benefit eligibility requires certification by an Inter Ministerial Board. Recognition is granted via the Department's portal (or interim process) upon uploading prescribed documentary evidence, triggering a real time recognition number; verification revealing forged or improper documents attracts a capital linked monetary penalty with a statutory minimum. The notification is effective on Gazette publication.
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