TaxTMI 
TaxTMI 
Notification regarding revision of eligibility criteria for definition of recognized Startups w.e.f. 04-02-2026
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....gistered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) or a Multi-State Cooperative Society registered with the Central Registrar of Cooperative Societies (under the Multi-State Cooperative Societies Act, 2002) or a Cooperative Society registered under any State or Union Territory Cooperative Societies Act with the respective Registrar of Cooperative Societies in India; ii. is within a period of ten years from the date of its incorporation or registration; iii. has a turnover for any of the financial years since incorporation or registration not exceeding two hundred crore rupees; and iv. is working towards innovation, developm....
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.... and Internal Trade, Convener ii. Representative of Department of Biotechnology, Member iii. Representative of Department of Science & Technology, Member The strength and composition of the Board may be amended, with the approval of Secretary, DPIIT. d. "Central Registrar" shall have the meaning as assigned to it in clause (d) of Section 3 of The Multi- State Cooperative Societies Act, 2002; e. "cooperative society" shall be registered under any State/Union Territory Cooperatives Acts with the respective Registrar of Cooperative Societies in India; f. "limited liability partnership" shall have the meaning as assigned to it in clause (n) of sub- section(1) of Section 2 of the Limited Liab....
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....ovel intellectual property (IP) and taking steps to commercialize the same; and iv. It is facing extended development timelines, long gestation periods, high capital and infrastructure requirements, and carrying large technical or scientific uncertainty. Provided that, for the purposes of this notification, a 'Deep Tech Startup' shall be deemed to be a 'Startup', and references to a 'Startup' shall include a 'Deep Tech Startup', unless otherwise stated. Provided further that, the determination of whether an entity satisfies the attributes of a 'Deep Tech Startup' shall be made in accordance with such framework, parameters, and guidelines as may be issued by the Department, and based on the documents and informatio....
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....ause (ii) of the Explanation to section 80-IAC of the Act, may, for obtaining a certificate for the purposes of section 80-IAC of the Act, make an application in Form-1 along with documents specified therein to the Board and the Board may, after calling for such documents or information and making such enquires, as it may deem fit, - i. grant the certificate referred to in sub-clause (c) of clause (ii) of the Explanation to section 80-IAC of the Act; or ii. reject the application by providing reasons. A Startup shall make the application specified on the portal set-up by DPIIT. Conditions 4. Startup, including a Deep Tech Startup, shall deploy its funds primarily towards its core business activities, innovat....
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....ere held as stock-in-trade in the ordinary course of business; viii. any other asset or activity of a speculative or non-productive nature, as may be notified by the Central Government. Revocation 6. (1) In case it is found that any certificate referred to para 3 has been obtained on the basis of false information, the Board reserves the right to revoke such certificate or approval. (2) Where the certificate or approval has been revoked under sub-para (1), such certificate or approval shall be deemed never to have been issued or granted by the Board. Relaxations and Modifications 7. The Central Government may, in special circumstances, relax or modify the applicability of one or more conditions of this definition for....