Start-up Recognition Certification
At Udyami Mart, we provide consultations for obtaining startup recognition certifications.
Many start-ups are founded with the dream of introducing a ground-breaking product or service that has yet to exist in the market. In 2017, the Indian government initiated the Startup India scheme, which offers a platform for aspiring entrepreneurs, innovators, and visionaries to develop their businesses.
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Startups that are certified by DPIIT can enjoy benefits in the following areas:
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Protection for intellectual property rights is important.
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Changes to Public Procurement Regulations to Allow for More Relaxation
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Self-certification for compliance with labour and environment laws.
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Obtain funding from the government through funds of funds intended for start-ups.
Start-ups can now exit faster.
Startup India DPIIT-certified startups can apply for a three-year income tax exemption, which is a significant benefit.
Startups have access to a variety of resources including learning and development programs, a centralized repository, state policies, pro bono services, a knowledge bank, tools and templates, networking opportunities, and idea bank.
Tax Exemption
After receiving recognition as a start-up, companies can apply for tax exemption under section 80 IAC of the Income Tax Act. Private limited or limited liability partnership start-ups may benefit from tax exemption for three consecutive financial years within their first ten years of incorporation.After receiving recognition as a start-up, companies can apply for tax exemption under section 80 IAC of the Income Tax Act. Private limited or limited liability partnership start-ups may benefit from tax exemption for three consecutive financial years within their first ten years of incorporation.Post getting start-up recognition, Startup can apply for Tax exemption under section 80 IAC of the Income Tax Act. The Startup can avail tax exemption for 3 consecutive financial years out of its first ten years since incorporation (only Private limited or a Limited Liability Partnership is eligible for Tax exemption).
Udyami Mart provides customized legal solutions and consultations that prioritize your business's best interests, ensuring guaranteed satisfaction.