Does startup India tax exception eligibility requires patent?

Does startup India tax exception eligibility requires patent?

No. Application/Grant of patent is not a mandatory requirement for tax exemption. It is just one of the eligibility parameters, as mentioned in the link provided in the questions (notice the ‘or’ in each bullet point). Do note that most startups tend to be innovative, rather than inventive.

It takes at least two years for a patent to actually be granted, even in the best cases. So any compulsory patent requirement makes the tax exemption almost useless. Since startups usually dont make any money in the first few years, the (income) tax exemption is already being considered by many as a jumla than a substantial benefit :-)


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