Startup India registration or DPIIT registration refers to the process of registering a startup under the Startup India initiative, which is a flagship program launched by the Government of India to promote and support startups in the country. The registration provides various benefits and incentives to startups, including access to funding, tax exemptions, and regulatory support. Here’s an overview of the process for Startup India registration:

The objectives of the Startup India Movement are outlined below. The action plan envisages supporting the startups and more:

• Enhanced infrastructure, including incubation centres

• IPR facilitation, including easier patent filing

• The better regulatory environment, including the tax benefits, easier compliance, improved setting up of a company, fastest mechanism and more.

• A goal to increase the funding opportunities

• Provide a vast networking database for the entrepreneurs and other stakeholders in the startup ecosystem.

Apply for Start-up Recognition

The applicant unit need to access the Start-up India Recognition portal for Register with Start-up India to get the DPIIT Certificate of Recognition for Startups.

Provide the following details in the Start-up Recognition application :

• Entity Details:Nature of Entity, Industry, Sector, Categories and Company Incorporation Number and Registration Date

• Full Address of the Entity

• Details of the Authorized Representative

• Directors or Partner Details

• Details of Intellectual Property Right

• Details of funding

• Recognition received by the entity

Tax Exemptions

• After obtaining the Certificate of Recognition, the startup can apply for Tax exemption under section 80 IAC of the Income Tax Act.

• The DPIIT recognized startups can apply for Angel Tax Exemption.

After obtaining the clearance for Tax exemption, the DPIIT recognized startups are exempted from income tax for 3 consecutive fiscal years out of its first ten years since formation.