Angel Taxation

Seems like the Government is singing the same song they sang last year when startups raised hell about angel tax.

Some inter ministerial board or some expert IIT IIM committee (who has never run a startup) will approve a startup as innovative and fit for tax exemption.

I think the startups are better off moving out of India rather than deal with such an uncertain business climate. This Govt was going to be about helping business startup thrive. Seems like either its not the focus any more or the bureaucrats have taken over and are complicating things.

Whatever it is, not a good time to be startup entrepreneur or investor in India. Sorry folks. more  

Please read the section carefully and then comment. Do not rely on filth grade paid Indian Media. more  
A Startup has to be certified by some Governmental Agency to get the Tax Breaks & Incentives !!!!

In India, 99% of newly Companies are started by existing Businessmen who want to enjoy these Tax Breaks & Incentives !!!!

Anyways, if one is a genuine innovative Startup, it has to show all Records & Finances to any Angel Fund they want Funding from .. so why worry about sharing the same with an Inter-Ministerial Board with some experts from IITs & IIMs ????

Let's forget Rajan & his ilk who have an axe to grind with the present Dispensation and in all likelihood become a Politician very soon .... more  
A startup should ideally be given a tax holiday for a certain period of time with minimum tax after that till they achieve a certain size.

We already loose our best talent especially to the West. If the government does not take drastic and quick action to correct this situation, we will continue to remain a third world country ... more  
Situation is very similar to the one like In college time administration thought of holding practical demonstration for students of political science. Out of one class some were to speak pro, against, judge and staff. So who so ever acted in the whole drama they started behaving somewhat similar thereafter though all of them had same back ground. more  
I agree, it's hard to do business in India. In an interview of our ex-RBI chair, Dr. Rajan, he said, in the end, investors look at ROI, and India is giving good ROI.

We cannot remove "cheap labour", out of the ROI equation. I have to wonder, we must be cheap, cause we are "inefficient", lower "productivity"?

A poorly managed, inefficient, government, affects us all and makes us all cheap. Cheap enough to provide great lives for people around the world, and ourselves live in squalor! more  
Post a Comment

Related Posts

    • Chinese App Ban

      Attached are all the chinese apps that the Govt has banned and it includes Tik Tok, Bigo, Clash of Clans, Cam Scanner, WeChat as well As Shein and Club Factory My issue is why are Ali Ex...

      By Sudesh Rai
    • Good news for Employers

      No action will be taken till the end of July against private employers who didn't pay their workers in the weeks-long lockdown to contain the coronavirus, Supreme Court ruled today. It s...

      By Anil Mehta
    • Covid 19 job Crisis in India

      Has been captured well by this graphic attached. I want to know what are entrepreneurs doing in this circle. Are you letting some staff go or are you cutting salaries? Our small 7 store retail chai...

      By Naina Mittal
    • Difference in Intent and Ground scenario for Loans for MSMEs

      Hon. FM has said that Banks will give easy and more loans to small businesses (MSMEs), so that they use the funds to tide through these difficult times and then repay the same with interest over a ...

      By Gautam Poddar
    • Minimum Balance charges

      On one hand government is providing many reliefs for common man, one of them being that Banks will not charge interest / EMIs for 3 months, on the other hand Banks are charging huge amounts in cas...

      By Gautam Poddar
    • Workplace Social Distancing guidelines/rules

      As issued by the Government, attached

      By Anil Mehta
    • By Vishal Khanna
    • No Labour Laws applicable for 3 years

      it has exempted industries in the state from ALL LABOUR LAWS for the next 3 years. Attached Notification. Big relief for industry. All states should do this Only these labour laws will a...

      By Ajay Dutta
    • Starting up of MSME units - not really

      My brother has a MSME unit in Noida Phase 2. He resides in Delhi. 80% of their staff lives in Delhi. None of them are being permitted to enter Noida because of border restrictions. This is ridiculo...

      By Vishal Khanna
    • Labour Crisis

      Most migrants workers are back to home town and most probably Will not come back till post Diwali or Chhath Puja. Industries are Being opened but how these industries wil operate? there...

      By Anil Mehta
    • By Nikhil Jain
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)