Start-ups are expecting this budget to abolish Angel Tax
Surajit Das, Routematic
The startup trend in India is on a spectacular growth path, however despite Government bringing various regulations to
promote the emerging business, entrepreneurs continue to face various challenges. This time start-ups, SMEs and entrepreneurs are expecting this budget to abolish angel tax for Government recognized start-ups. This will unleash its own potential and will help Start-ups to grow by leaps and bounds. The early stage start-ups will also be nurtured with
more investments.
We expect support from government for some inventive entrepreneurial initiatives
Vinay Singhal, Vatsana Technologies
As an entrepreneur, my hope from upcoming interim budget would be a constructive tax management and support from
government for some inventive entrepreneurial initiatives. Since the economy of technology is mounting swiftly, tax cut would help them to evolve and innovate at a faster pace. To accomplish this, they require a continued support from government to compete and burgeon with and among the larger businesses. We as a Technology growing nation need some dedicated incentives and support from government which would act as a catalyst. Internet penetration is increasing and more than 30% population is online, however, we need better and reliable infrastructure now.
