Ashu jain (Practicing) (121 Points)10 February 2020
VIPINKUMAR K TIWARI
Replied 11 February 2020
An eligible Startup shall make an online application to DPIIT (Department for Promotion of Industry and Internal Trade) with the following
The Inter-Ministerial Board of Certification constituted by DPIIT after review of application may call for such documents or information and making such enquires, as it may deem fit and finally shall recognise the eligible entity as Startup or reject the application by providing reasons.
After getting recognition a Startup under Startup India Action Plan, the business entity can apply for Tax exemption under Section 80 IAC of the Income Tax Act.