Startup India
Only 329 startups can claim tax holiday under Startup India
[Source: cnbctv18.com] Exactly five years since the launch of the Startup India program in January 2016, which aimed at several benefits for startups, not even a percent of the total registered startups can avail the benefits. The government had in Budget 2020-21 announced the deferral of taxation on employee stock option plans (ESOPS) by 48 […]
MSME new classification criteria and benefits of registration
Central Government has issued MSME Notification on 26-Jun-2020 laying down new criteria for classifying enterprises as micro, small and medium enterprises. Following are the composite criteria of investment and turnover for classification: Micro Enterprise: where the investment in plant and machinery or equipment does not exceed Rs.1 Cr and turnover does not exceed Rs.5 Cr. Small […]
Companies will have to declare job creation estimates to avail benefits under Startup India
[Source: economictimes.indiatimes.com] Companies eyeing benefits under the Startup India programme will soon have to declare upfront how many jobs they will create in order to qualify as the government moves to make employment generation the guiding principle for all its major programmes. "We will soon notify the new definition for startups, which goes beyond innovation," […]
Zoho fires the first salvo–launches GST ready accounting solution
[Source: inc42.com] “Accounting should not be tactical. Accounting should be strategic. It should not be isolated but connected.
16 Red Flags For Startup Investors
[Source: www.forbes.com; Author: George Deeb] George Deeb is an entrepreneurial CEO, growth expert at Red Rocket Ventures, and author of "101 Startup Lessons–An Entrepreneur’s Handbook" In Red Rocket’s Definitive Checklist for Startup Success, we detailed the many things that startup investors are looking for, before making an investment. But, I didn’t really talk about the […]
Equalisation Levy is going to create a huge problem for startups
[Source: www.forbesindia.com] Tax lawyer Nishith Desai believes the Equalisation Levy, also known as ‘Google Tax’, will have important repercussions for the Indian startup ecosystem As part of the continuing opposition from industry bodies to the ‘Equalisation Levy’ that came into effect earlier this year, the Internet and Mobile Association of India (IAMAI) and law firm […]
7 Strategies For Raising Your First Million In Startup Capital
[Source: www.forbes.com] Raising startup capital doesn’t have to feel like climbing a mountain. Neeraj Berry, cofounder of healthy food delivery startup Sprig, Jewel Burks, CEO and founder of visual search technology company Partpic, and entrepreneur and angel investor Wayne Chang, offered easy lessons on raising capital during the Forbes Under 30 Summit. 1. Treat fundraising […]
ECB for startups to be allowed
[Source: www.thehindubusinessline.com] Overseas loans at lower rates may help start-ups stay afloat In a bid to give a further impetus to the growing start-up ecosystem in the country, the RBI has allowed them to raise up to $3 million a year through external commercial borrowings (ECBs). In his first Monetary Policy speech, RBI Governor Urjit […]
Build a business, not just a startup
[Author: Abhishek Sanyal; Source: yourstory.com] Have you ever wanted to start something of your own? Of course, you did! I did too. And the startup scene in India is very encouraging and inspiring today. There exists an ecosystem with angels, mentors, VCs and scores of other founders. It is brimming with passion and bright ideas, […]
Despite hype, only one firm qualified for Startup India
The official figures government tabled in Parliament earlier this week show that the Startup India portal received a total of 728 applications till Monday (the notification defining startups was published on Feb. 17, 2016). Of these, it categorised 180 applicants as startups (whose applications were found to be complete), but found that only 16 applicants […]
