https://www.taxtmi.com/notifications?id=118795 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. en-us Wed, 17 Feb 2016 00:00:00 +0530 Fri, 19 Feb 2016 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=118795 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. Notifications Indian Laws Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118795