Budget 2015 : A Big Miss For Indian Startups

Indian Startups

Budget 2015 : A Big Miss For Indian Startups

The Budget 2015 has been announced and while it is a good mix of reforms (mixed with forward-looking statements), it is a big miss for startups.Fostering Public Leadership - World Economic Forum - India Economic Summit 2010
Key takeaways:
Good for foreign investment / fund as tax pass through for AIF Funds will encourage more funds.
Big miss for startups! No resolution on Sec 56 which taxes startups on investments they receive from angels if it is above fair market value.
Bankruptcy law reform will greatly help (specially for startups).
1000 crore for incubation is good but a lot will depend on its deployment. [Commentary from Saurabh Srivastava, co-founder, IAN]

Adds Ashish Sinha: There is no word on the last year’s 10,000 crores that was allotted for startups?

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