Applicable Laws & Legal Compliances for FinTech Start-ups:
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The Department of Industrial Promotion and Policy has recognised 16000 start-ups and about 130 of them obtained financial assistance till February 2019. The government has launched tax benefits which include 3 years of exemption for recognised start-ups.The definition of the term “start-up” has been extended to more entities and eased tax norms dealing with angel tax which bifurcates between genuine and shell companies.
