Govt likely to provide tax incentives for startups in forthcoming Budget to support budding entrepreneurs
5 years ago

Govt likely to provide tax incentives for startups in forthcoming Budget to support budding entrepreneurs

Firstpost  

The Department for Promotion of Industry and Internal Trade has suggested several measures to the finance ministry for startups in the Budget. New Delhi: The government is expected to provide tax incentives to startups in the forthcoming Budget to support the growth of budding entrepreneurs, sources said. The recommendations include extension of tax incentives to incubators supported under Atal Innovation Mission; reduction in GST rates on AIF management fees; and tax benefits on ESOPs, they said. Startups need talented workforce and ESOPs are one of the best options to attract skilled people as giving just high cash payout adds to the burden on cash-starved enterprises, industry players said.

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History of this topic

Interim Budget enthuses startups with extension of tax expiry exemption by a year
11 months, 1 week ago

Interim Budget enthuses startups with extension of tax expiry exemption by a year

The Hindu  

Although the Interim Budget for 2024-25 did not propose any changes in existing taxation, startups are offered certain tax benefits by way of extension of exemptions. According to the Budget document, certain tax benefits to startups and investments made by sovereign wealth or pension funds as also tax exemption on certain income of some International Financial Services Centre units are …

Tax Benefits For Startups, Sovereign Wealth & Pension Funds Extended to March 2025
11 months, 1 week ago

Tax Benefits For Startups, Sovereign Wealth & Pension Funds Extended to March 2025

News 18  

In a respite for the startup ecosystem, the Centre on Thursday announced to extension of tax benefits for startups and investments made by sovereign wealth and pension funds to March 2025. Certain tax benefits to startups and investments made by sovereign wealth or pension funds as also tax exemption on certain incomes of some International Financial Services Centre units are …

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups
1 year, 11 months ago

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups

Firstpost  

The Indian startup ecosystem has been witnessing an unprecedented boom in the last few years with new businesses emerging in a multitude of sectors. As a result, this year’s Union Budget 2023 is being closely watched by many startups, as they seek measures to support them in overcoming these difficult times. To ensure effective regulation of the rapidly developing startup …

Budget 2023: From Tax Relaxation And Funding To Boost Digital Ecosystem. Know Start-Up Wishlist
1 year, 11 months ago

Budget 2023: From Tax Relaxation And Funding To Boost Digital Ecosystem. Know Start-Up Wishlist

ABP News  

India is home to the world’s third-largest start-up ecosystem after the US and China. "We are expecting additional tax benefits and lower tax rates and extending the scope of employee stock ownership plan taxation reforms to start-ups," said Lalit Arora, co-founder, VingaJoy, a firm that deals with consumer electronics. Shilpa Bhatia, founder, The Clothing Rental, an e-commerce portal said, “The …

Tax holiday for startups to be extended by one more year
3 years, 11 months ago

Tax holiday for startups to be extended by one more year

India TV News  

Union Finance Minister Nirmala Sitharaman on Monday proposed the extension of tax holiday for startups by one more year. The Union government announced tax relief for startups in the previous budget also as part of its efforts to boost the ecosystem in the country. The Finance Minister last year also announced a five-year tax holiday on employee stock ownership plan …

Budget 2020: As India sees slowest economic growth in 11 years, here's what startups need to flourish
4 years, 11 months ago

Budget 2020: As India sees slowest economic growth in 11 years, here's what startups need to flourish

Firstpost  

In 2014, PM Modi launched Startup India and Funds of Fund for the newest sector of the economy but that is not enough. Last year, the government gave the startup community more clarity on angel tax but like in the first term, NDA 2.0, too, is not paying enough attention to startups. Soon after he took over as the prime …

Forget about taxman, focus on business: CBDT to startups
5 years, 6 months ago

Forget about taxman, focus on business: CBDT to startups

Live Mint  

New Delhi: The country's startup community should not worry about taxmen and concentrate on their businesses as concerns related to 'angel tax' have been "sorted out", CBDT chief P.C. All "legacy issues" related to startups will be resolved through a consultative process and under the strict supervision of senior officers of the tax authority. Asked about the "administrative arrangements" that …

Budget 2019 | For startups, the angel is in the details
5 years, 6 months ago

Budget 2019 | For startups, the angel is in the details

Live Mint  

Saket Modi faced a hard choice: Pitch for lucrative government contracts, or pass on the opportunity. “If the budget stipulated that every department has to use 2-3% of its allocation to send work to startups registered with the Department of Industrial Policy and Promotion, it could be game-changing,” said Modi, whose company is backed by Cisco chairman emeritus John Chambers …

Budget expected to enhance startup fund
5 years, 6 months ago

Budget expected to enhance startup fund

India Today  

In a bid to rev up the economy, the government might enhance the Start-Up fund in the Budget 2019-20. The Start-up India programme had created the 'Fund of Funds for Startups ' with a corpus of Rs 10,000 crore to provide support for Start-ups, over a period of XIV and XV Finance commission cycles. The Fund was set up with …

Union Budget 2019-20: Startups want angel tax to be abolished, corporate tax to be reduced, make capital more accessible
5 years, 6 months ago

Union Budget 2019-20: Startups want angel tax to be abolished, corporate tax to be reduced, make capital more accessible

Firstpost  

In the Narendra Modi government 2.0’s first Union Budget, startups have a slew of expectations. Although last year’s Union Budget was a setback to India’s promising Hospitality and Tourism industry, this year we are expecting more attention on this sector, favorable policies, fund allotments for startups and better tax reforms. Gautam Raj Anand, Founder and CEO, Hubhopper, podcasting and AOD …

Fintech, startups expect tax sops, funding access, digital push in upcoming Budget FY20
5 years, 6 months ago

Fintech, startups expect tax sops, funding access, digital push in upcoming Budget FY20

Firstpost  

Fintech firms and startups expect the government to usher in a new set of reforms in the upcoming full Budget for the current fiscal New Delhi: Fintech firms and start-ups expect the government to usher in a new set of reforms in the upcoming full Budget for the current fiscal and hope for tax relief, funding access, and further push …

Budget 2019: Key Measures FM Nirmala Sitharaman Should Consider To Boost Startup Ecosystem In India
5 years, 6 months ago

Budget 2019: Key Measures FM Nirmala Sitharaman Should Consider To Boost Startup Ecosystem In India

ABP News  

Budget 2019: Start-ups are disrupting traditional industries like never before and are poised to be one of the key pillars of growth for the economy. Few expectations in this regard are - An ‘exception based’ approach needs to be adopted for applicability of angel tax; Immunity to be granted from angel tax on past tax orders ; Current regulations impose …

New govt should focus on improving startup ecosystem: IT industry veteran V Balakrishnan
5 years, 7 months ago

New govt should focus on improving startup ecosystem: IT industry veteran V Balakrishnan

Firstpost  

Hyderabad: The new government at the Centre should focus on improving the startup ecosystem as it’s a big employment generator and has the potential to replicate the country’s information technology success story, an IT industry veteran said on Thursday. Former chief financial officer of Infosys Ltd V Balakrishnan said the Narendra Modi government should focus on ease of doing business …

DPIIT proposes relaxation in income tax law to help startups raise funds; tax incentives for budding entrepreneurs on the cards
5 years, 8 months ago

DPIIT proposes relaxation in income tax law to help startups raise funds; tax incentives for budding entrepreneurs on the cards

Firstpost  

The document aims at facilitating setting up of 50,000 new startups in the country by 2024 and creating 20 lakh direct and indirect employment opportunities. New Delhi: With a view to facilitate fundraising by startups, the Department for Promotion of Industry and Internal Trade has proposed relaxation in the income tax laws pertaining to sale of residential properties and carrying …

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