Only 10 or son are left for the government to introduce its next budget plan for the upcoming year, since Modi government has taken charge they are very keen and done a lot in the favour of new companies or for startups, they encourage and they had also launched Startup “India Stand Up” campaign which managed to grab highlights and also encouraging many startups to launch their service or products with the help of Indian government.
With just a few days are left for next union budget to come, all of us are expecting tax regime and something which will further encourage people to push out their business to new level.
Let’s see what Kenny Ye, MD, UCWeb India has to say about upcoming Union Budget 2016-17 for the IT sector:-
“Even as tamed inflation and low oil prices have turned the tide in favour of India, Finance Minister Arun Jaitley should present a futuristic Budget to drive the growth impetus.
While the current government has announced encouraging initiatives like Start-up India, Skills India and Make in India, the centre must look to enhance the technological infrastructure that will help fulfill these dreams and drive IT penetration in the country. Increased access to internet connectivity in rural India and higher mobile internet penetration in tier III & IV cities should be a priority to fill crucial gaps in the internet ecosystem, spur domestic spending and boost economic growth.
Removal of angel tax, cut in direct and indirect taxes will provide the much-needed impetus for entrepreneurs and push India to become the start-up capital of the world. The ecommerce sector is also fraught with redundant taxation laws that need immediate overhaul.
I am also hoping for a definite roadmap for GST implementation in Budget 2016.”