Govt Board for startups to issue eligible business certificate for availing Tax Benefits

MINISTRY OF COMMERCE AND INDUSTRY

(DEPARTMENT OF INDUSTRIAL POLICY AND PROMOTION)

NOTIFICATION

New Delhi, the 22nd April, 2016

G.S.R. 439(E).-The Government of India, vide Notification No. G.S.R. 180(E), dated 17th February, 2016 defined ‘startup’ under Startup India initiative, and has declared that a certificate of eligibility shall be required by such ‘startup’ for availing tax benefits under the Income Tax Act, 1961.

The Government of India hereby constitutes the Inter-Ministerial Board for the said purpose as follows:

(i) Shri Shailendra Singh, Joint Secretary, Department of Industrial Policy & Promotion,

(ii) Dr. Alka Sharma, Director/Scientist ‘F’, Department of Biotechnology, and

(iii) Sh. H.K. Mittal, Head, Innovation/Entrepreneurship & National Science & Technology Entrepreneurship Development Board, Department of Science & Technology.

[F. No. 5(91)/2015-BE.I]

SHAILENDRA SINGH, Jt. Secy.