That whole StartupIndia and ease of doing business thing isn't going too well, methinks.
" Startups worried over funding prospects and falling valuations could soon have a bigger problem on their hands. The income tax department is discussing a controversial move to levy tax on those startups whose valuations have fallen recently on the grounds that the first premium was more than the firm's fair value."
There is always the other side of a storyThe tax department is right in triggering a scrutiny because markdowns are also a component in the trick used for converting black money to white
So this is what I wrote 2 years back
"The government needs to stay away and NOT come in-between an entrepreneur and his/her dream.".
Now that you have invited them to the party, live with it !
interesting point. But, that's more of the traditional business story - tech startups aren't dealing with black money (IMO) when it comes to fund raising.
So it may not be applicable to this side of the world?