Angel Tax: Start-ups disappointed by Budget 2019
Though the interim finance minister Piyush Goyal mentioned 'start-ups' in his speech quite a few times, there was no major announcement for the ecosystem.
- Feb 1, 2019,
- Updated Feb 1, 2019 11:46 PM IST
Start-up ecosystem, which hoped to see a positive action on the issue of Angel Tax, is disappointed by the interim budget. In fact, overall the budget did not have much in store for the start-ups. Though the interim finance minister Piyush Goyal mentioned 'start-ups' in his speech quite a few times, there was no major announcement for the ecosystem.
"We were looking for something on Angel Tax to be addressed in the budget because it is a huge issue," Padmaja Ruparel, President, Indian Angel Network told Business Today.
"This devil is still in the system," she said.
Budget 2019: No, your income tax exemption limit has not been doubled
Start-up ecosystem, which hoped to see a positive action on the issue of Angel Tax, is disappointed by the interim budget. In fact, overall the budget did not have much in store for the start-ups. Though the interim finance minister Piyush Goyal mentioned 'start-ups' in his speech quite a few times, there was no major announcement for the ecosystem.
"We were looking for something on Angel Tax to be addressed in the budget because it is a huge issue," Padmaja Ruparel, President, Indian Angel Network told Business Today.
"This devil is still in the system," she said.
Budget 2019: No, your income tax exemption limit has not been doubled