Corporate Law : Learn how to register for Startup India, including tax benefits, IPR fast-tracking, and more. Get insights into the registration p...
Corporate Law : Budget 2024 boosts startups by abolishing Angel Tax, setting up a ₹1000 crore space tech fund, and reducing long-term capital ga...
Income Tax : Explore the complexities of Angel Tax in India and its impact on startups and foreign investments. Learn about challenges, exempti...
Corporate Law : Discover the essential exit strategies for startups in India, from the fresh start process under IBC to fast-track insolvency reso...
Income Tax : Learn about the tax implications for startups, including eligibility criteria, benefits, and procedures for recognition, exemption...
Corporate Law : As of June 2024, India recognizes 1.4 lakh startups, with 67,499 having at least one woman director, supported by various governme...
Corporate Law : The Indian Government has recognized over 1.4 lakh startups as of June 2024, promoting innovation and investment through various i...
Corporate Law : Read about the ONDC Startup Mahotsav organized by DPIIT, a platform where startups harness the Open Network for Digital Commerce (...
Income Tax : CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to notify Excluded Entities In the Finance Act, 2023, ...
Corporate Law : The National Startup Awards 2023 aim to recognize and reward outstanding startups that have demonstrated exceptional capabilities ...
Income Tax : ITAT Mumbai held that a start-up company incurring cost for branding of the company and other relevant expenditure which creates p...
Income Tax : In the case of HCL Technologies BPO Services Ltd vs. ACIT, ITAT has held that for transfer pricing only amount retained by associa...
Income Tax : Notification regarding Income-tax Act Section 56(2)(viib) and assessment of Startup Companies. Clarifications for assessing recogn...
Corporate Law : Credit Guarantee Scheme for Startups (CGSS)is to provide guarantee upto a specified limit against credit instruments extended by M...
Corporate Law : Govt has notified that for an application for fast track corporate insolvency resolution process may be made also by a Startup (ot...
Company Law : (1) These rules may be called the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021. (2) They shall co...
Corporate Law : Central Government has approved the ‘Startup India Seed Fund Scheme (SISFS)’ to provide financial assistance to startups for p...
Start-up means an entity, incorporated or registered in India not prior to ten years, with annual turnover not exceeding INR 100 crore in any preceding financial year, working towards innovation, development, deployment or commercialisation of new products processes or services driven by technology or intellectual property. Eligibility criteria for start-up companies: Must be a private […]
Tax Exemption for Startups Entity under section 80-IAC & Angel Tax Exemption (After Union Budget 2020) Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. Since the launch of the initiative on 16th January, 2016, […]
Startup India, initiated by the Government of India is a flagship initiative launched in January 2016. This initiative is taken by the government of India to boost the ecosystem for supporting innovation and startups in India. Through this scheme, the government is looking forward to driving sustainable economic development and enhance employment opportunities in India. […]
Diversification in the number of fields in which humans can prosper into has ultimately resulted in a handsome amount of startup companies, as a healthy competitor to the globe. The emergence of a novel idea for a business will be of no use when let shattered away just because of the legal procedures to attain […]
What is a startup? A startup is an entity registered as a Private Limited Company (registered under Companies Act 2013) or Limited Liability Partnership (registered under Limited Liability Partnership Act 2008) or Partnership Firm(registered under Partnership Act 1932), working towards innovation, development or improvement of product or processes or services or a business model accelerating […]
Article explians What is a startup, Process of recognition of a startup, Benefits of recognition as a startup which includes Income tax deduction under Section 80 IAC, exemption under section 56 of Income Tax Act (Angel Tax Exemption), Intellectual Property Right (IPR) benefits, Relaxation under public procurement norms, Self-certification under labour and environmental laws, Faster […]
The Announcement: A Positive Move On February 1, Finance minister Nirmala Sitharaman, in her budget speech declared that employees of startups (exempt under Section 80-IAC) could defer paying income tax on stock options. The proposal was put forward by the Department for Promotion of Industry and Internal Trade (DPIIT) which suggested extending tax benefits to […]
As we already know, all the schemes and changes which are had already taken place or going through change or proposed to be changed are pointing toward making in India self-reliant. Self-reliant or say Make in India can be attained when not just with change and execution by government policies but by proper acceptance by […]
Increasing the time period and Turnover for eligibility of section 80-IAC for start-ups Rationalization of provisions of start-ups. The existing provisions of section 80-IAC of the Act provide for a deduction of an amount equal to one hundred per cent of the profits and gains derived from an eligible business by an eligible start-up for […]
Convertible Note is introduced firstly by RBI and considered as a very welcoming option provided to early stage startups to raise funds by way of convertible notes which is prima facie a debt instrument with conversion terms. Under FEMA and Rule 2(1)(c)(xvii) of Companies (Acceptance of Deposit) Rules, 2014, convertible note is been defined as […]
