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The start-up must be registered as a Private Company, LLP or Partnership Firm
It should be a new firm or not older than five years, and the total turnover of the company should be not exceeding 25 crores .
The firms should have obtained the approval from the Department of Industrial Policy and Promotion (DIPP).
To get approval from DIPP, the firm should be funded by an Incubation fund, Angel Fund or Private Equity Fund.
The firm should have obtained a patron guarantee from the Indian patent and Trademark Office.
It must have a recommendation letter by an incubation .
Capital gain is exempted from income tax under the startup India campaign.
The firm must provide innovative schemes or products.
The start-up must not be a product of restructuring, The business must be involved in a new product or service