The first post-GST budget, potentially the last one for Modi-led central government, is expected to be a populist one for obvious reasons.
The startup ecosystem is expecting to feature heavily in the upcoming budget by a government which is adamant on promoting a digital economy.
On top of their minds are issues related to taxation. Several startups have faced “unfair” scrutiny from Income Tax department since last year overvaluations at which capital was raised from angel investors. At the heart of the matter is the "angel tax" clause introduced in the Income Tax Act in the 2012 budget.
