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Monetary thresholds for claiming benefits
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The Start-up India Scheme delivers numerous benefits to the start-ups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) based on certain specified criteria, one of which prescribes the limit on annual turnover not exceeding ₹1 billion since incorporation.
A similar annual turnover threshold of ₹1 billion is also prescribed under the Income Tax law in the financial year for which tax holiday is to be claimed. Recognition and benefits are subject to the entity not being formed by splitting up or reconstruction and such benefits shall be discontinued from the year in which the turnover threshold is exceeded.