Thursday, January 28, 2016

An Infographic on 11 Key Incentives Announced Under Start-up Scheme

1. What is Start-up

Start-up shall mean an entity:

  a) Incorporated or registered in India not prior to five years, with annual turnover not exceeding
       Rs. 25 crore in any preceding financial year;

b) Working towards innovation, development, deployment or commercialization of new products,            processes or services driven by technology or intellectual property.

Note: Such entity should not be formed by splitting up, or reconstruction, of a business already in existence. Further the entity shall cease to be a Start-up if its turnover for the previous financial years has exceeded Rs. 25 crore or it has completed 5 years from the date of incorporation/ registration.