2. Taxation and Capital:

Tax forms the crux of   any budget. The challenges for start ups in the tax payment are Minimum Alternate Tax (MAT), excise, service, octroi and VAT. In addition, the procedure to pay off and get a clearance is a time consuming process. . The startup sector expects the government to look into this area. Along with reduction in rates, a simpler procedure can save time of the entrepreneurs to concentrate more on business.

Raising capital is definitely a critical and challenging part of the game. New initiatives and angel investment has to be encouraged.  Investment in start up should be taken care off at this point. The need is to make this unnecessarily long process  a hassle free single window clearance.

3.  Ease of doing business:

India has too many old and obtuse rules and institutions when it comes to start ups and businesses. . Along with private interveners, the government is quite rigid which ultimately has made the country carry a poor image in business sector abroad. So in this budget, the government needs to chalk out an immediate overhaul for this. The finance minister should frame a contemporary set of norms for startup work mechanism to work fair, fast and flexible.

Also Read: 3 Key Tips To Note Before You Begin A Startup

Start Up- The Base Of Your Professional Journey