Start Up India - Tax Harrassment
I have joined this circle to share the real issue. Recently I met with a friend of mine who has raised money for his start up from 8-9 angel investors, all good guys. He has been receiving notices from tax authorities asking all kinds of information. Now his investors are receiving those same notices.
Can you imagine the kind of strain that puts on the entrepreneur and its resources. In many cases there is 4-5 employees and they struggle to take care of basics, let alone these notices and investor calls.
Start up India I am afraid will not work till these issues are fixed. they are very real. Ppl dont care about 30000 funding you will give them. they can raise 100 times over if you eliminate harassment from the environment.
Please take it in right spirit and correct system. more