Government Support for Entrepreneurs — Important Questions
ICSE · Class 11 · Entrepreneurship
65 important questions from Government Support for Entrepreneurs for ICSE Class 11 Entrepreneurship, with answers.
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Important Questions from Government Support for Entrepreneurs
What is the maximum age of a startup for Startup India recognition?
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Not more than 10 years from incorporation
A startup must be not more than 10 years old from the date of incorporation.
What turnover limit applies to a startup under Startup India recognition?
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Annual turnover should not exceed ₹100 crore
The annual turnover of a recognised startup should not exceed ₹100 crore in any financial year.
Which benefit is given to eligible startups under Startup India for tax relief?
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Income tax exemption for three consecutive years out of the first ten years since incorporation
Eligible startups receive an income tax holiday for three consecutive years out of the first ten years since incorporation.
What is the size of the Fund of Funds for Startups created under Startup India?
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₹10,000 crore
A corpus of ₹10,000 crore has been created as the Fund of Funds for Startups.
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