The role of budding startups in today’s economy cannot be overlooked. The cutting edge that they provide to any nation in terms of self-reliance is evident from the spew of schemes that are introduced rapidly by different countries.
Atma Nirbhan Bharat portrays the significance that these startups hold today. Considering the benefits accrued in terms of economic growth coupled with self-reliance and employment, sound knowledge and awareness of the Acts that are applicable as well as the incentives offered by the income tax department to these startups is a pre-requisite for making sound decisions in respect of these entities.
An analysis of what is an Eligible Startup, the Acts applicable as well as the incentives offered has been given below for understanding purpose.