Interim budget: Will startups get a relief from angel tax demons?
27 Jan 2019 7:47 AM GMT
Government is likely to boost its flagship schemes like Digital India, Startup India
- In the upcoming interim budget, Interim Finance Minister Piyush Goyal is likely to announce sops to boost the government's flagship programmes and schemes such as Digital India, Make in India, Startup India, and MUDRA.
- One of the biggest stakeholder, startups, expects the government to bring in an immediate change in the angel tax structure since it has hampered new investments.
- “If the current tax break to startups with a turnover of less than Rs 25 crore gets modified to startups with a profit of more than Rs 5 crore, many startups will start working more responsibly to make prudent business models,” remarked Anand Kumar Bajaj, the founder and CEO of PayNearby.
- If we have budgetary outlays to ensure better collection and tracking of assessment data at the block level, it will reinvigorate the multiple initiatives in India’s education system.
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