Accessing the Billion Dollar Startup Ecosystem
The Startup India scheme by the DPIIT is designed to cultivate innovation. To be eligible, your entity must be less than 10 years old, have a turnover under ₹100 Crores, and be working towards innovation or improvement of existing products.
The 3-Year Income Tax Holiday
Once you get the DPIIT recognition, you can apply for the Section 80-IAC exemption, which gives you 100% tax exemption on your profits for 3 consecutive years out of the first 10 years!