Are you eligible for schemes under ambitious Startup Action Plan?

Announcements made by Prime Minister Narendra Modi as part of the Startup India Action Plan. There’s no doubt the measures were significant, but it follows with few questions, are all the startups really eligible for the benefits that were announced ?

Just answer all the below questions and you will come to know whether you are eligible or not ?

(Please note that the following questions are specifically applicable for startups seeking tax exemption):

1. Are you a Private Limited CO. / LLP / Partnership Firm ?

Yes
No

2. Are you running a business which has not reached at the age of 5 Years ?

Yes
No

3. Is you turnover less than 25 Crores?

Yes
No

4. Are you going to / is developing a innovative product which is adding value of customers and is commercial ?

Yes
No

5. Have you got a approval from DIPP that your company is Innovative ?

Yes
No

6. Are you holding recommendation letter by incubator in Post Graduate Indian Collage ?

Yes
No

7. Are you holding Recommendation letter by incubator funded by GOI ?

Yes
No

8. Are you holding Recommendation letter by incubator recognized by GOI ?

Yes
No

9. Are you funded by an incubation Fund / Angel Fund / Private Equity Fund / Accelerator / Angel Network ?

Yes
No

10. Are you owning a patent granted by Indian Patent and Trademark office related to business ?

Yes
No

Question 1: The correct answer is Yes.

Question 2: The correct answer is Yes.

Question 3: The correct answer is Yes.

Question 4: The correct answer is Yes.

Question 5: The correct answer is Yes.

Any one of the following answer should be Yes .

Question 6: The correct answer is Yes / No.

Question 7: The correct answer is Yes / No.

Question 8: The correct answer is Yes / No.

Question 9: The correct answer is Yes / No.

Question 10: The correct answer is Yes / No.

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