CLL_Art1676 - Taxpublishers.in

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The Tax Publishers START UP--Benefits Benefits to Register Company as a Start-up CA. Deepak Harwani In the present article, the learned author discusses about the concepts of start-up, eligibility of the entities to become start-up and benefits of registration as start-up in India, as well as start-up programmes. 1. Eligibility criteria to register as Start-up The start-up shall be incorporated as Private limited company or as partnership firm or LLP The turnover of the entity shall be less than Rs. 100 crores in any of the previous financial years Further such entity will be recognised as start-up.upto 10 years of incorporation. The start-up shall be working toward innovation and improvement of existing products, Services and process. It should have potential to generate employement. Further, an entity formed by splitting up or Reconstruction will not be considered as start-up. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

START UP--Benefits

Benefits to Register Company as a Start-up

CA. Deepak Harwani

In the present article, the learned author discusses about the concepts of start-up, eligibility of the entities to become start-up and benefits of registration as start-up in India, as well as start-up programmes.

1. Eligibility criteria to register as Start-up

The start-up shall be incorporated as Private limited company or as partnership firm or LLP

The turnover of the entity shall be less than Rs. 100 crores in any of the previous financial years

Further such entity will be recognised as start-up.upto 10 years of incorporation.

The start-up shall be working toward innovation and improvement of existing products, Services and process. It should have potential to generate employement. Further, an entity formed by splitting up or Reconstruction will not be considered as start-up.