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Friday, April 29, 2016

10 Tax Announcements All Startups Should Know

Startups and MSMEs have caught the Government’s attention as potential sources of economic growth and employment generation in India. The Prime Minister rolled out Startup India Action Plan in January this year, indicating that the Government is serious towards creating an enabling environment for this sector.

Eurion Constellation published an article series on some of its key announcements:

The current year’s budget has made its recommendations and some implementation deadlines have passed. So, now is the time to evaluate whether the startup sector is really on the path to the promised land. In this series, we will cover the important new announcements and concrete policy steps taken, beginning with tax sops.