‘Tax rebates are essential for startups to make them more competitive': Corporate lawyer Dr Kislay PandeyAs businesses grow and succeed, they generate profits, taxes, and other economic benefits that contribute to the nation's prosperity. Despite encountering numerous challenges, such as funding issues, Indian startups experienced remarkable growth in the past financial year. The government's proactive measures to promote entrepreneurship, like by initiatives like the Startup India scheme, have been instrumental in fostering this success. Reduced tax burden and tax rebates may help to ameliorate some of the financial burden. -Exemption on Investments Above FMVThese investments include investments by angel investors, investments by incubators, and investments by funds and individuals not registered as venture capital (VC) funds.

Source: dna February 06, 2024 16:47 UTC