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Startup Tax Exemption

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rutuja prabhune

107 Points Posted on 08 February 2024

Is a Pvt Ltd manufacturing registered as a startup with no turnover as in R & D phaze, exempted from GST,TDS and Payroll statury taxes during the period of tax holiday for 3 years apart from Income Tax Exemption when ever profit is made and Angel Tax Exemption when ever applicable.Please Guide.

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Quick Summary

This discussion clarifies tax exemptions for private limited manufacturing startups in their R&D phase. It addresses whether companies with no turnover are exempt from GST, TDS, and payroll statutory taxes during their 3-year tax holiday, in addition to income tax and angel tax exemptions. The process involves obtaining a Startup India certificate (also known as DPIIT) through concurrence, project report appraisal, and approval.