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Start-Up India – Suvidha
  Helpdesk: +91 9051029900
10:00 a.m. to 07:00 p.m. (Monday to Friday)
10:00 a.m. to 05:00 p.m. (Saturday)

Email : suvidha@suvidhaconsultants.com

Start-Up India

  • Pro Startups, budget in a multi dimensional way – be it the focus on ease of doing business, the taxation benefits, the thrust in Make in India enabling skill development or addressing the talent issue.
  • Coming to specifics, these were the key takeaway for start-up.
  • Amendment in companies acts to create a more enabling environment for start-up registration of company in one day.
  • Lowering of corporate tax for small enterprise (turnover below Rs 5 crore) to 29% plus surcharge and cess.
  • Full tax exemption for first three years for start-ups launched during April 2016 to March 2019 – however MAT will apply
  • 10% tax on income from worldwide exploitation of patent developed and registered in India by a resident.
  • New manufacturing company incorporated on or after 1st March 2016 can be taxed at 25% plus Surcharge and cess, provided they do not claim profit linked or investment liked deductions and do not get investment allowance and accelerated depreciation.
  • Rs 500 crore allocated for schedule caste, schedule tribe, women entrepreneurs under the Stand Up India Scheme- 2.50 lacs entrepreneurs expected to benefit.
  • National hub in Ministry of Micro Small and Medium Enterprise (MSME) to support SC/ST entrepreneurs.
  • Government of India to make contribution of 8.33% of all new employees enrolling in EPFO for the first three years of employment.
  • Announcements like 100% FDI of food processing industry are optimistic sign for the Ecommerce Industry.
  • The reduction and removal of corporate tax variously on new manufacturing unit, small units and new companies will make a positive impact on MSMEs and suppliers to Ecommerce platform.
  • Apart from the direct benefits, may felt that proposals like skilling one crore youth would address the talent requirement for startups.