Income Tax Clearance Certificate Pdf: Fill & Download for Free

Startup India is a plan to develop an environment to support and nourish entrepreneurship across the country. This plan is aimed at start-up ventures to boost their entrepreneurship by providing financial aid and encourage them with an idea of jobs creation.How to establish a startup in India?Step 1: Incorporating the business:First, you must incorporate the business as a Private Limited Company or a Limited Liability Partnership or a Partnership firm and make it a legal entity. Also make sure you have obtained all the certificate of partnership or incorporation registration, PAN, and other necessary compliances.Step 2: Register with Startup India portal:Log on to the Startup India website and register your business as a startup and fill up the form with details of your business. Upload all the necessary documents in PDF format. The documents that are needed to be upload are,a) A letter of support or recommendationb) Incorporation/Registration Certificatec) Description of your business in briefStep 4: Determining to avail tax benefits:Startups are released from income tax payment up to 3 years. These benefits can be availed only if they get certified by the Inter-Ministerial Board (IMB).Step 5: You must ensure that you satisfy the following conditions.a) Your company must be registered as a Private Limited Company or Partnership firm or a Limited Liability Partnership.b) Your business should not be incorporated/ registered in India before five years.c) Turnover must be less than 25 crores per year.d) The business must be operating towards innovating something new or significantly upgrading the existing technology.e) The particular startup business should not be an outcome of remodelling of an existing business.Step 6: Instantly get your recognition numberThe certificate of recognition will be assigned after the examination of all your documents, and a recognition number will be received.Benefits for startup India:1. Startups will be permitted to self-certify compliance with nine labour laws and environmental laws. In the case of labour laws, no inspection will be conducted for a period of three years.2. Startup India enables companies to register through their mobile application and upload relevant documents. There will also be single window clearances for approvals, registrations and filing compliances among other things.3. Patent filing approach will be simplified. The Startup will enjoy a rebate of 80% of the fee in the patent application. The startup will bear only the statutory fees and the government will bear all facilitator fees.4. The Startup India programme will encourage research and innovation among students who are aspiring entrepreneurs and seven new research parks will be set up to provide facilities for startups in the R&D sector.5. Equal opportunities will be provided for both startups and experienced entrepreneurs. Earlier this was not possible because all applicants required either ‘prior experience’ or a ‘prior turnover’. But now, public appropriation norms have been relaxed for startups.