What is Startup India?
Startup India is the government's flagship initiative to build a strong ecosystem for startups. It offers tax benefits, funding access, and simplified compliance.
Eligibility for Startup India Recognition
Your company qualifies if:
Key Benefits of DPIIT Recognition
1. Tax Exemption (Section 80-IAC)
- 100% tax holiday for 3 years
- Available within first 10 years
- Need to apply separately after recognition
2. Angel Tax Exemption (Section 56(2)(viib))
- Investment above fair value not taxed
- Requires separate application after recognition
- Critical for raising angel/VC funding
3. Self-Certification for Compliance
- Labour laws: Self-certify for 3 years
- Environment laws: Self-certify for 3 years
- Reduced inspector raj
4. Faster Exit (Insolvency)
- 90-day wind-up process
- Simplified closure if startup fails
- Assets distributed to creditors quickly
Startup Funding Options
1. Startup India Seed Fund Scheme
- Up to ₹50 Lakh grant/loan
- Proof of concept and prototype stage
- Apply through incubators
2. SIDBI Fund of Funds
- Government invests in VC funds
- VC funds then invest in startups
- Access through registered VCs
3. Mudra & Stand-Up India
- Mudra: Up to ₹10 Lakh
- Stand-Up India: Up to ₹1 Crore
- For SC/ST/Women entrepreneurs
4. MP Startup Policy
- Reimbursement of patent costs
- Incubation support at IITs/IIIT
- Growth capital up to ₹1 Crore
How to Register on Startup India
HCS Startup Services
HCS Business Solutions helps with:
- Company/LLP registration
- Startup India DPIIT recognition
- Tax exemption applications
- Investor-ready accounting (Tally Prime)
- Funding documentation