Taxes are not applied to firms registered under the Startup India program. This has become a significant benefit of registering the company as a start-up. This exemption is available for the first three years. Incubators are free from paying taxes on any investment that is worth more than the going rate. The company can use all of the income for just business growth thanks to a tax exemption for the first three years or attaining a particular threshold amount.
Equal Opportunity For startup
Equal chances for new and seasoned businesses have been made possible thanks to Startup India. The rules governing public procurement have now been loosened for start-ups facilitating their decision to use public procurement.
Government tenders often have larger budgets and more financial incentives. But getting one is not exactly straightforward. The competition present in them is the primary justification. However, this program offers incentives to businesses so they may get government contracts. Additionally, no prior experience is necessary for them to qualify for such bids.