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Budget 2016 Expectations

The government will soon introduce a tax regime for startups to foster innovation and create a conducive ecosystem entrepreneurs in the country, Finance Minister Arun Jaitley said on Saturday. Dropping the first few hints of what the Modi government’s action plan for startups could look like, he said, “We have already worked upon an entrepreneur-friendly taxation regime. There are some steps which can be taken by notifications, which would be taken forthwith. Other require legislative provisions which can only come as part of the Finance Bill when the next Budget is presented.” – See more

The government will soon introduce a tax regime for startups to foster innovation and create a conducive ecosystem entrepreneurs in the country, Finance Minister Arun Jaitley said on Saturday. Dropping the first few hints of what the Modi government’s action plan for startups could look like, he said, “We have already worked upon an entrepreneur-friendly taxation regime. There are some steps which can be taken by notifications, which would be taken forthwith. Other require legislative provisions which can only come as part of the Finance Bill when the next Budget is presented.” - See more