Eligibility Criteria for Startup Recognition:
  - The  Startup should be incorporated as a private limited company or  registered as a partnership firm or a limited liability partnership
 
  - Turnover should be less than INR 100 Crores in any of the previous financial years
 
  - An entity shall be considered as a startup up to 10 years from the date of its incorporation
 
  - The  Startup should be working towards innovation/ improvement of existing  products, services and processes and should have the potential to  generate employment/ create wealth. An entity formed by splitting up or  reconsutrctuon of an existing business shall not be considered a  "Startup"
 
Eligibility Criteria for applying to Income Tax exemption (80IAC):
  - The entity should be a recognized Startup  
 
  - Only Private limited or a Limited Liability Partnership is eligible for Tax exemption under Section 80IAC
 
  - The Startup should have been incorporated after 1st April, 2016