Startup Consulting Firms in Port Blair, Andaman and Nicobar Islands

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FINTAX Corporate Professionals LLP – CALL us @ +91-7210000745 for STARTUP Registration, DPIIT Startup Recognition Counselling | We advise and support Startups, SMEs, Aspiring Entrepreneurs in Startup counselling, Startup Business Registration, Startup Recognition, Accounting, Taxation and Legal Compliances. # Email Us: info@fintaxx.in 

The advantages of Startup India are:

Startups shall be allowed to self-certify compliance for 6 Labour Laws and 3 Environmental Laws through a simple online process.

For labor laws, no inspections shall be carried out for a period of 5 years. Startups might be inspected only on receiving of reliable and confirmable grievance of infringement that is filed in writing as well as accepted through at least one level senior towards the inspecting officer.

For environment laws, the startups that come under the white category would be able to self-certify compliance, as well as only random checks, would be carried out in such matters.

The startup has a good amount of benefits under the Income Tax Act. After getting recognition a Startup can apply for Tax exemption under section 80 IAC of the Income Tax Act. After getting clearance for Tax exemption, the Startup could avail tax holiday for 3 consecutive financial years out of its first ten years since incorporation. After getting recognition a Startup might apply for tax-exempt under Section 56 of the Income Tax Act (Angel Tax).

STARTUP Government Tenders

Under startup India scheme, the startups have the benefit of participating in public procurement job by means of tenders in getting government tenders. Also, there is relaxation in prior experience, EMD or turnover criteria.