Startups’ expectations from the Union Budget are sky-high this year. We have dealt with impact of demonetisation, the roll-out of GST and the active implementation of the “angel tax”. The difference has been added to the income of such startup Indian companies by the tax authorities which eventually is defeating the Government’s Startup India policy. In this article our experts have discussed what the Government could do in the coming budget to remedy the situation.
- Rakesh Nangia, Managing Partner and Rahul Jain, Partner contributed an article on Budget 2018: Tax on Startups – not within the spirit of the law for ET-CFO.