"START UP India"
START UP Q. What Is a Start-Up ? ANS . An entity shall be considered as a ‘ Start-up ’ (as per start up India policy)- Up to five years from the date of its incorporation/registration, If its turnover for any of the financial years has not exceeded Rupees 25 crores, and It is working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property; New Entity Concept is must i.e. such entity shall not be formed by splitting up or reconstruction of a business already in existence. To obtain Tax Benefits a Start-up shall be required to obtain a certificate of an eligible business from the Inter-Ministerial Board of Certification consisting of: Joint Secretary, Department of Industrial Policy and Promotion, Representative of Department of Science and Technology, and Representative of Department of Biotechnology. The term 5 years shall be taken from its incorporation date not from the date of