Startup definition limits on age and turnover, restricting eligibility for recognition and tax benefits, and certification requirement. An entity is a Startup if incorporated/registered in India as a private limited company, partnership or LLP, operates within defined post incorporation age limits (with longer duration for biotechnology), remains below the prescribed turnover ceiling, and works towards innovation or a scalable business model. Recognition requires an online application with incorporation/registration proof and a business write up; tax benefits additionally require certification from the Inter Ministerial Board and exclusion of non commercial or undifferentiated projects. DIPP may revoke recognition or eligibility for tax benefits if documents are missing or information is false.
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Provisions expressly mentioned in the judgment/order text.
Startup definition limits on age and turnover, restricting eligibility for recognition and tax benefits, and certification requirement.
An entity is a Startup if incorporated/registered in India as a private limited company, partnership or LLP, operates within defined post incorporation age limits (with longer duration for biotechnology), remains below the prescribed turnover ceiling, and works towards innovation or a scalable business model. Recognition requires an online application with incorporation/registration proof and a business write up; tax benefits additionally require certification from the Inter Ministerial Board and exclusion of non commercial or undifferentiated projects. DIPP may revoke recognition or eligibility for tax benefits if documents are missing or information is false.
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