What are the benefits of DPIIT registration?

DPIIT (Department for Promotion of Industry and Internal Trade) registration offers numerous benefits that significantly support startups in India. One of the primary advantages is tax exemption under the Income Tax Act for three consecutive years, which can reduce financial burdens in the early stages. Startups also enjoy easy access to government funding schemes and priority in public procurement, allowing them to compete without needing prior experience. Additionally, DPIIT registration enables fast-tracking of patent and trademark applications, reducing costs and expediting the process. Other perks include self-certification for compliance under labor and environmental laws, which simplifies regulatory processes. Overall, these benefits foster innovation, reduce expenses, and enhance growth potential for startups.

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