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Start-Up Definition

Definition of Start-Up

To bring uniformity in the identified enterprises, an entity shall be considered as a 'startup'-

  1. Up to seven years from the date of its incorporation/registration,
  2. If its turnover for any of the financial years has not exceeded Rupees 25 Crore or
  3. It is working towards innovation, development, deployment or commercialization of new products, process or services driven by technology or intellectual property;

Provided that any such entity formed by splitting up or reconstruction of a business already in existence shall not be considered a 'startup',

Provided further that in order to obtain tax benefits a startup so identified under the above definition shall be required to obtain a certificate of an eligible business from SLIC (State Level Innovation Council) or GoI.

For Registration please go through this link..



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