DPIIT Recognition For Startups
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What is the Startup India Scheme?
Our Service for Startup Recognition Contains
- Free Consultation
- Profile Creation at DPIIT
- Drafting of Documents
- Filing of Application With DPIIT
- Response Filing to Objections (if any)
- Startup India Recognition
Note: The basic DPIIT Recognition does not confer tax benefits U/s 80IAC of the Income Tax Act. After the basic startup recognition is obtained, you may avail our services for making appropriate applications for Tax Benefits U/s 80IAC.
Eligibility for DPIIT Registration
Only Private Limited Companies, One Person Companies, Partnership Firms, and Limited Liability Partnerships can be recognized as startups by the DPIIT. Businesses with other corporate structures cannot seek DPIIT recognition, and thus, cannot avail benefits under the Startup India Scheme.
Startup means a business that is newly established and has just begun its operations. So, for obtaining DPIIT recognition, you startup cannot be more than 10 years old, since the date of its incorporation.
To avail benefits as a Startup, your business must operate with the objectives of financial growth, employment generation, and wealth creation. This implies that non-profit businesses can, under no circumstances, be recognized as a Startup in India.
A business entity is considered as a Startup only if it is newly established and not formed by reconstruction, or re-establishment of an existing business. The business should be operated with newly installed plant and machinery, and not with the transfer of such plant and machinery which has been previously installed / used in India.
The government has prescribed the threshold limit of Rs.100 crores as the overall turnover of a Startup in India. So, the moment the turnover of a business exceeds this threshold in any financial year since its establishment, it can no longer be considered as a Startup in India.
The idea behind the introduction of the Startup India Scheme was to encourage research and innovation in India. So, one of the most prominent criteria to be recognized as a Startup is that your business entity must mandatorily deal in a new product, service, or process, or the improved version of an existing one, which must be innovative in some or the other way.
Benefits under the Startup India Recognition
List of Documents Required for DPIIT Recognition
|Mandatory Basic Documents||Additional Documents|
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Required to be attached based on the stage of your startup
Frequently Asked Questions About DPIIT
- Ideation stage, where merely the idea of the startup has been formulated
- Validation stage, where the startup is validating its idea by introducing minimum viable products in the market
- Early traction stage, where the startup is in its early stages of business operations and has just begun generation of revenues
- Scaling stage, where the startup is gradually expanding the scale of its business operations