Quick Summary
In a significant update on the state of Indias startup ecosystem, a senior official revealed on Monday that a total of 2,975 government-recognized startups have been granted income tax exemptions. The statement, made by Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv, highlights the positive impact of the Startup India initiative. Key Points Income Tax Exemptions for 2,975 Startups: The official announced that under the Startup India ini
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience.
FAQ :
A total of 2,975 government-recognised startups have been granted income tax exemptions.
These income tax exemptions are granted under the Startup India initiative.
This number is a substantial increase from the 1,100 startups that received such benefits until March 2023.
A standard operating procedure (SOP) is being developed to expedite the process of granting eligibility certificates, with an internal target of March 31 to address around 1,500 pending applications.
The government has granted 1,800 patents to emerging entrepreneurs and offers various schemes like the Startup India seed fund, fund of fund, and credit guarantee scheme.
CAclubindia
