Tag Archives: Start up india

START UP INDIA – Coverage and Eligibility

START UP INDIA – Coverage and Eligibility

Till date 728 applications have been received in the Startup India portal. Out of them, 180 applications are complete and have been recognized as startups by Department of Industrial Policy and Promotion (DIPP). Only 16 applicants are incorporated after 1.04.2016 and are thus eligible for consideration for

START UP has no tax on issuing shares above market value

START UP has no tax on issuing shares above market value
CBDT has notified the Tax Exemption to the Start ups on issuing shares above market value as per the Notification Enclosed.
Issuing shares above market value is taxable as per Section 56(2)(viib) of the Income tax act. But the central government can exempt certain

Start up India – Legal aspects

Start up India – Legal aspects
1.1 INTRODUCTION
The Central government took the initiative to promote the start up organizations by way of relaxing certain regulatory requirements, providing tax exemptions. The objective of this initiate is to promote the upcoming entrepreneurs who are mainly in transition stage of converting their research thoughts into business model.