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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