Under the Start-up India scheme, the government announced several tax sops to encourage young entrepreneurs. However, for availing tax incentives, start-ups have to fulfill various terms and conditions and approval ladders. Of the 502 start-ups recognised till date, only eight have been approved for availing tax benefits.
Shailesh Kumar, Director- Direct Taxation contributed article on Budget 2017: Tax sops for start-ups must be rationalised; top 5 points to ponder for Financial Express.
Attached is link to the article: http://www.financialexpress.com/budget/budget-2017-tax-sops-for-start-ups-must-be-rationalised-top-5-points-to-ponder/512064/