Budget 2023-24 Expectation: Government must provide tax relief for fintech startups
1 year, 11 months ago

Budget 2023-24 Expectation: Government must provide tax relief for fintech startups

Firstpost  

India boasts of a staggering 87 per cent adoption rate of fintech, significantly greater than the global average of 64 per cent. Consequently, the fintech industry is set on a steep growth trajectory, expected to reach Rs 9.2 billion at a CAGR of 24.96 per cent between 2022 and 2027. Tax relief for growing fintech startups Fintech startups are hopeful for GST exemptions until a certain level of revenue is achieved. Tax relief for fintech startup employees A strict qualification criterion accompanied the tax benefits introduced in the previous Budget. ESOP holders in fintech startups can really gain from the tax being levied on the sale of shares rather than on the exercise of ESOP.

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History of this topic

Budget 2023-24 Expectation: Decisive policy decisions required to create future-ready fintech industry
1 year, 11 months ago

Budget 2023-24 Expectation: Decisive policy decisions required to create future-ready fintech industry

Firstpost  

The year 2023 is pivotal for the Indian economy. Simplify and streamline KYC process Easing the Know Your Customer requirements for both registered entities and fintech can help to streamline the onboarding process for customers and reduce compliance costs for businesses. The government should focus on incentivizing financial institutions and fintech to adopt digital lending platforms by providing tax breaks …

Budget 2022: Fintech sector expects easy funds, tax SOPs and enhanced regulatory framework
2 years, 11 months ago

Budget 2022: Fintech sector expects easy funds, tax SOPs and enhanced regulatory framework

Firstpost  

India has had an exceptionally buoyant year as far as start-ups and businesses are concerned. More strength to Fintech Sector While the government did take a supportive stance in 2021, the expectation from budget this year would be more backing in terms of easy availability of funds, tax SOPs and enhanced regulatory framework. In spite of making a big impact …

Fintech, Start-Ups Expect Tax Sops, Funding Access, Digital Push In Upcoming Budget FY20
5 years, 6 months ago

Fintech, Start-Ups Expect Tax Sops, Funding Access, Digital Push In Upcoming Budget FY20

ABP News  

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 to digital economy. Gaurav Chopra, founder CEO of online aggregator of financial products IndiaLends, said the government should push forward new reforms as part …

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 …

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