Andhra Pradesh Innovation and Startup Policy

Andhra Pradesh Innovation and Startup Policy The State of Andhra Pradesh requires world-class scientific and technologically-advanced ecosystems that could empower and enable its youth to carry out the fundamental duties for the country. For the development of innovation, entrepreneurship and…

Definition of Startup

Definition of Startup The Honorable Union Minister, Suresh Prabhu, recently amended the definition of startup to simplify its exemptions under Section 56(2) (viib) of the Income Tax Act and provide relief from angel tax. The move is expected to relax…

NewGen IEDC

NewGen IEDC India has witnessed an upsurge in terms of enterprises that are technology-driven and knowledge-based. Be it in the field of conventional businesses in IT and ITES, the sudden rise in the number of startups and new ventures has…

Startup Punjab

Startup Punjab The growth of a state's economy greatly depends on innovation and entrepreneurship. The State of Punjab has a reputation of being the leader with rapid strides in all-round prosperity and growth. The State has excelled in various sectors…

Startup Odisha

Startup Odisha Startup Odisha, which goes by the tagline of “A New Wave of Innovation”, is a Government of Odisha initiative that seeks to develop a world-class “Startup Hub” in the State by the year 2020. Notably, the measure provides…

iStart Rajasthan

iStart Rajasthan iStart Rajasthan is a flagship program by the Department of Information Technology and Communication, Government of Rajasthan to foster innovation, create jobs and facilitate investment in the State. iStart is a comprehensive, integrated platform, which is a one-of-its-kind,…

UP Nivesh Mitra

UP Nivesh Mitra The Uttar Pradesh Government has launched UP Nivesh Mitra that serves as a single window portal for entrepreneurs and business people. The portal provides seventy services from twenty departments in Uttar Pradesh that is related to businesses…

Hostel License

Hostel License The hostel model of business is turning out to be a highly profitable venture as India's youth is increasingly flocking to the cities for educational and employment pursuits. These individuals, who are mostly bachelors, students or working citizens,…

Section 80-IAC: Tax Incentives for Startups

Section 80-IAC: Tax Incentives for Startups To initiate the development of startups in India and provide a competitive platform, Section 80-IAC states that an eligible startup shall be allowed a deduction of an amount equal to 100 per cent of…

Business Expenditure

Business Expenditure Reviewed by Sreeram Business expenditure means the expenses incurred for operating a particular business. This article is an overview of this terminology. Accounting Period is the Unit For the purpose of computing annual profits and gains for assessment…