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Startup

Our pride is our endless range of service offerings. Every being and every business will find a solution at Mukunda Shiva and Associates.

The Recipe to Success

Over the last 15 years, we've helped several different entities from superstar startups, enormous corporates and countless individuals. Our 10,000+ clients have had all sorts of service requirements which we were able to deliver thanks to our team of 80 business professionals. That makes Mukunda Shiva and Associates a robust and accessible business consultation firm which is guaranteed to deliver your every need.

For Individuals

The scale for personal finance may seem small, but the responsibilities are crucial. You may require our assistance in managing, protecting and growing your personal wealth.

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For SMEs

The scale for personal finance may seem small, but the responsibilities are crucial. You may require our assistance in managing, protecting and growing your personal wealth.

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For Enterprises

The trail of complexity always hangs behind large businesses with countless bodies, operations and verticals. Offload your financial troubles to a trusted firm which can help you out with all your troubles.

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For Foreign Entities

Your business is bound by the laws and regulations of every country you deal with. We can take care of transfer pricing, your expatriates and all your trade deals.

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Eligibility as Startup:
  1. Engaged in innovation, development or improvement of products or processes or services or a scalable business model with a high potential of employment generation or wealth creation.
  2. It is incorporated on or after the 1st day of April, 2016 but before the 1st day of April, 2023 
  3. The total turnover of its business does not exceed one hundred crore rupees in the previous year relevant to the assessment year 
  4. It holds a certificate of eligible business from the Inter-Ministerial Board of Certification as notified in the Official Gazette by the Central Government.
  5. Has not yet completed a period of 10 years from the date of incorporation/registration. 
  6. Is a private limited company or registered as a partnership firm or a limited liability partnership. 
  7. It is not formed by splitting up or reconstructing a business already in existence.
Restrictions and prohibition on Startup:
  1. Any startup becoming holding/subsidiary of any company after recognition will be derecognized. Any entity formed by Joint Venture will not be recognized.  
  2. Shareholding by Indian promoters in the startup should be at least 51%, as per Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.
  3. Incorporating additional entities: Incorporating additional entities having similar address with same production line/services and at least one common director/ designated partner/partner will not be recognized as startup. 
  4. Common directorship/partnership: Recognition of an entity having common director/designated partner/ partner with any other entity shall be allowed to the extent permissible under the provisions of the Companies Act, 2013. Related party transaction shall not be allowed except transactions on arm’s length basis. 
  5. Regulatory Areas: Entities operating in domains specifically prohibited by law shall not be recognized. 
  6. Sole Proprietorship: A sole proprietorship is not eligible to apply for recognition. If a sole proprietorship changes its type of entity into a type permissible for recognition, then the recognition will be granted from date of commencement of business of the sole proprietorship.
Benefits of Startup:

3 years tax holiday in a block of seven years (80 IAC Exemption) 

  1. Any profits and gains derived from eligible business, there shall, in accordance with and subject to the provisions of this section, be allowed, in computing the total income of the assessee, a deduction of an amount equal to one hundred per cent of the profits and gains derived from such business for three consecutive assessment years 
  2. The assessee , be claimed by him for any three consecutive assessment years out of ten years beginning from the year in which the eligible start-up is incorporated.
  3. Tax exemption to Individual/HUF on investment of long-term capital gain in equity shares of Eligible Startups u/s 54GB . The existing provisions u/s 54GB allows the exemption from tax on long-term capital gains on the sale of a residential property if an individual or HUF sells a residential property and invests the capital gains to subscribe the 50% or more equity shares of the eligible startups, then tax on long term capital will be exempt provided that such shares are not sold or transferred within 5 years from the date of its acquisition.
  4. Self-Certification Under Employment and Labour Laws: Startups can self certify under labour laws and environment laws so that their compliance costs are reduced. Self-certification is provided to reduce regulatory burden thereby allowing them to focus on their core business. Startups are allowed to self-certify their compliances under six labour laws and three environment laws for a period of 3 to 5 years from the date of incorporation. 
  5. Easy exit  In case of exit – A startup can close its business within 90 days from the date of application of winding up. 
For Individuals

The scale for personal finance may seem small, but the responsibilities are crucial. You may require our assistance in managing, protecting and growing your personal wealth

Know more
For SMEs

Small businesses require simple solutions. Your requirements could range in hundreds from audits, to taxation, to financing but your solution could be just one – Us.

Know more
For Enterprises

The trail of complexity always hangs behind large businesses with countless bodies, operations and verticals. Offload your financial troubles to a trusted firm which can help you out with all your troubles.

Know more
For Foreign Entities

Your business is bound by the laws and regulations of every country you deal with. We can take care of transfer pricing, your expatriates and all your trade deals.

Know more

What our Clients have to say

Our reviews

I have been using their services for more than a decade now. They are always on hand to answer our questions and will always go the extra mile to make sure everything is perfect.

Zabi Ayinikat

As a new startup company, our search for a financial advisor and most importantly a trusted business partner ended with MS Associates. A professionally run organization with wide range of service offerings and expertise. It was a pleasure meeting Shiva Prakash, who was very supportive, spent time to understand our business, gave some valuable advises and above all the comfort of being there… a huge differentiator factor. Looking forward to a long-term partnership.

VP of MNC IT Company

MS & Associates is the trusted partner every business entity would desire, especially when it comes to Finance, Accounts and Taxation. Their ability to understand and relate to different types of business is amazing. A leadership team with a global outlook and great ability to grasp every complex situation and provide pragmatic solutions. The leaders and the entire team are always approachable, down-to-earth, and very responsive.When it is to do with advice and support in matters of finance, it should be from the best, and hence I highly recommend MS & Associates.

Quality Assurance Specialist

 

Shiva & his team of CAs are knowledgeable professionals who would spare no efforts to offer the best services at all times.

Ashok Anbalan

One of the best Professionals to assist in all compliances related to a company or a startup all the best Team MS & Associates.

Vijay V

Been associated with them for over 10 yrs. They are absolutely professional and bring signficant value to their customers. 5 on 5. Workwith them without any second thoughts.

Rajneesh Soni

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