Rakesh Nangia, Managing Partner shares his Budget expectations for Hindu Business Line.

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.

1. 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.

The Union Budget 2018 is just around the corner and the common man is eagerly waiting to see what the government has in store for him. Keeping in view the inflationary trends in the economy, it is vital to leave more disposable income in the hands of individuals, especially the old and the needy. The senior citizens thus desire that the exemption limit be raised considerably. Rakesh Nangia, Managing Partner contributed an article on Budget 2018: ‘Senior citizens want tax sops on FDs, rental income for Financial Express.  

Set to be presented on February 1, the Union Budget 2018 will surely be a challenging one for the government. With bold steps like demonetisation and introduction of GST, it is time again for the government to prove its potential in its final budget before the 2019 general polls. Rakesh Nangia, Managing Partner  contributed an article on Union Budget 2018-19: Govt should withdraw dividend distribution tax for Business today .