Under the Startup India Action Plan, startups that meet the definition as prescribed under the notification G.S.R. 364 (E) are eligible to apply for recognition under the program. Startups can also apply for exemption on profits under Section 80-IAC of Income Tax Act and exemption on investments above fair market value under Section 56 of Income Tax Act.
Find out more about the host of benefits offered to recognized Startups here.
