LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Small Business News

Budget 2019 Expectations: Startups demand the removal of Angel Tax

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Budget 2019 Expectations: Startups demand the removal of Angel Tax
To avoid Indian Companies registering in Singapore, the Indian government should think of the removal of Angel Tax on Startups. Photo: Pixabay
Written By: Asit Manohar
Updated: Wed, Jun 19, 2019
07:47 am
New Delhi, ZeeBiz WebDesk
RELATED NEWS
4Cs! Courage, Confidence, Competence and Compassion -  Piyush Goyal invites global investors to invest in India 4Cs! Courage, Confidence, Competence and Compassion - Piyush Goyal invites global investors to invest in India
Women power rocks! These 6 women led startups win COVID-19 Shri Shakti Challenge organised by MyGov in collaboration with UN Women Women power rocks! These 6 women led startups win COVID-19 Shri Shakti Challenge organised by MyGov in collaboration with UN Women
Attractive idea! Pension funds may be allowed to invest in startups - Check Modi government plan Attractive idea! Pension funds may be allowed to invest in startups - Check Modi government plan
Unicef lauds Skill India, Start-up India initiatives Unicef lauds Skill India, Start-up India initiatives
Startup India: Health solutions innovator Agatsa raises $1 million Startup India: Health solutions innovator Agatsa raises $1 million

As the finance minister Nirmala Sitharaman gears to present her maiden budget as the first lady finance minister of India, Startups have their wishlist from the Modi 2.0 government. They have demanded that the Modi 2.0 government should immediately remove the Angel Tax being levied on them as it haunts both entrepreneurs and investors. 

Speaking on the matter Vinay Agrrawal - Founder & CEO at Hubbler said, "For a Make in India versus Register in India, we founders have a huge expectation from the upcoming budget to make India the preferred Hub, especially for the startup sector. Tax woes like Angel Tax continue to haunt Indian entrepreneurs and investors. Several Indian startups, although operating in India, have registered their companies in Singapore to benefit from the mature funding opportunities, ease of doing business, lower capital gain tax from selling of shares by investors; Continue the policy of reducing corporate taxes, and stable economic policies (Lowering the Compliances required to be met by Startups, reduced or zero rate of TDS, encouraging VCs by requiring less stringent paperwork). Indian startups are literally going places today & the overpowering regulations can dampen the spirits & the Pride of Make in India & Registered in India."

pressing for removal of the Angel Tax Vinay Singhal, Co-Founder & CEO, WittyFeed said, "The plight of dealing with Angel Tax has been intact for long. Angel Tax has emerged as one of the key issues faced by the Indian startup ecosystem. A lot more regarding the same needs to be addressed by the Government to boost angel investments in the country." Vinay Singhal went on to add that the startup ecosystem is expecting the government to provide for simpler regulations surrounding the tax levied upon Employee Stock Options (ESOPs). The same goes for StartUp India, Government of India’s flagship initiative wherein policies abound but the realization on the ground differs the expectation. It will help if the intent on paper is transformative enough to change the landscape of startups in India for real.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Startup IndiaAngel TaxBudget 2019Union Budget 2019Nirmala Sitharaman
RELATED NEWS
4Cs! Courage, Confidence, Competence and Compassion -  Piyush Goyal invites global investors to invest in India 4Cs! Courage, Confidence, Competence and Compassion - Piyush Goyal invites global investors to invest in India
Women power rocks! These 6 women led startups win COVID-19 Shri Shakti Challenge organised by MyGov in collaboration with UN Women Women power rocks! These 6 women led startups win COVID-19 Shri Shakti Challenge organised by MyGov in collaboration with UN Women
Attractive idea! Pension funds may be allowed to invest in startups - Check Modi government plan Attractive idea! Pension funds may be allowed to invest in startups - Check Modi government plan
Unicef lauds Skill India, Start-up India initiatives Unicef lauds Skill India, Start-up India initiatives
Startup India: Health solutions innovator Agatsa raises $1 million Startup India: Health solutions innovator Agatsa raises $1 million

LATEST NEWS

Indian Army Recruitment Rally 2021: Recruitment for various posts to be held at Alwar: See where to apply

Ashok Leyland, Hero MotoCorp, and Maruti Suzuki are top picks by Sharekhan in Auto Sector

Rakul Preet Singh joins the ''Pawri''

Petrol, Diesel Price – Fuel prices remain unchanged on Friday; expert tells money making strategy on Oil futures

Gold Price Today – Yellow metal cheaper by Rs 160 on Thursday; Silver by Rs 18; Know what to expect today

Bharat Bandh: Biz establishments remain shut in Odisha

In chat with Anil Singhvi, analyst Vikas Sethi picks EIL, Ramco Cements as top buys for bumper gains

After lifting green card, visa ban, Biden to ensure high-skill immigration

Analysis: Hedge funds worry about market fallout from Tesla, ARK and spiking yields

NSE Glitch: In chat with Anil Singhvi, Brajesh Mishra reveals details of 'strongly worded' letter trading association shot off to SEBI

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved