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of <h1>Startup Definition and Eligibility Criteria Under New Rules Including Tax Benefits and Certification Process</h1> An entity qualifies as a Startup if incorporated as a private limited company, partnership firm, or limited liability partnership in India, within seven years of incorporation (ten years for biotechnology), with turnover not exceeding 25 crore rupees in any financial year, and engaged in innovation, development, or scalable business models generating employment or wealth. Entities formed by splitting or reconstructing existing businesses are excluded. Recognition requires online application with incorporation documents and a business write-up. Tax benefits apply to eligible entities incorporated between April 1, 2016, and April 1, 2019, subject to certification by an Inter-Ministerial Board. Startups must demonstrate innovation with commercialization potential; undifferentiated or non-commercializable products are ineligible. The Department of Industrial Policy and Promotion may revoke recognition if false information is submitted. This notification supersedes prior rules and is effective from its publication date.
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