IT and Startups: Budget Expectations 2019

 

Start-ups are expecting this budget to abolish Angel Tax

Surajit Das, Founder and CEO, RoutematicSurajit 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-Co-Founder & CEO-Vatsana TechnologiesVinay 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.