Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
The reliefs
A DPIIT-recognised startup enjoys several easings: self-certification under several labour and environment laws (no routine inspections for an initial period); only two board meetings a year; relief from certain deposit rules (it can raise convertible notes); easier related-party norms; faster patent/trademark processing with fee rebates; and angel-tax relief.
What's not relaxed
These reliefs don’t remove core obligations: the startup still files its annual ROC returns, gets a statutory audit, files its income-tax and GST returns, and maintains registers. So ‘startup relief’ lightens the edges, not the core compliance spine. Confirm the current reliefs and periods.
A worked example
Example: a recognised startup self-certifies under labour laws (avoiding inspections), holds two board meetings instead of four, and gets an 80% patent-fee rebate — real savings in time and money. But it still files AOC-4, MGT-7, its audit and ITR. Using the reliefs while keeping the core compliant is the balance. Our team can help you claim every relief you’re entitled to.