Government Benefit

Reduced compliance burden

Streamlined filing requirements, simplified audit procedures, and extended compliance timelines for recognized startups.

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Understanding Reduced compliance burden

Reduced compliance burden is a comprehensive package of regulatory relaxations designed to help startups focus on innovation and growth rather than bureaucratic overhead. This includes simplified audit procedures, extended filing timelines, and exemptions from certain periodic filings. These relaxations can save startups significant time and money, allowing founders to concentrate on building their business.

Estimated Benefit

₹50,000-₹2 Lakhs annual cost savings; 200+ hours of management time saved annually

Timeline

Applicable from the year of recognition onwards

How to Apply

Upon obtaining DPIIT recognition, your startup automatically gets these compliance relaxations. Communicate your recognition certificate to your CA/CS to ensure they apply these exemptions in their compliance work.

Eligibility Criteria

Your Startup Must...

  • DPIIT-recognized startup
  • Incorporated after 1st April 2016
  • Turnover below ₹25 Crore
  • Not a listed company
  • Must maintain core compliance standards

Key Requirements

  • DPIIT-recognized startup
  • Incorporated after 1st April 2016
  • Turnover below ₹25 Crore

Documents Required

Essential Documents

  • DPIIT Startup Recognition Certificate
  • Auditor's Declaration Form
  • Certification from CA/CS
  • Board Resolution for claiming exemptions

What This Means for Your Startup

  • Reduced Tax Burden
  • Lower Compliance Costs
  • Enhanced Credibility
  • Faster Growth Path

Key Highlights & Benefits

Exemption from independent directors requirement for up to 3 years

Direct benefit for your startup growth and compliance

Simplified audit procedures and cost reduction

Direct benefit for your startup growth and compliance

Extended deadlines for statutory filings

Direct benefit for your startup growth and compliance

Relaxation on minimum number of board meetings

Direct benefit for your startup growth and compliance

Simplified accounting and record-keeping standards

Direct benefit for your startup growth and compliance

Faster dispute resolution mechanisms

Direct benefit for your startup growth and compliance

Frequently Asked Questions

Ready to Claim This Benefit?

Our expert team will guide you through every step of the application process and ensure you maximize your government benefits.