Post Budget: Online Startup's and Ecommerce Reactions


Suresh Sharma, Founder & Director , iSpyPrice.com, a leading price comparison website says ;“I am elated with 1000 crore fund that has been allocated for start-ups, especially those that are technology-based. This announcement will encourage entrepreneurship and generate more employment opportunities in the sector. Also, the reduction in corporate tax from 30percent to 25 percent over the next four years is encouraging for e-commerce companies as low tax is equivalent to more inflow of cash. The promotion of cashless transactions through RUPay debit cards also works for the benefit of internet-based companies as this will reduce the propensity for Cash on Delivery, which is very high at present. Besides this, the tax reduction on royalty fees for technical services from 25percent to 10percent will make these services more cost-effective and bolster the operations of various tech-based firms.”

READ MORE: Made For Each Other By All Means! Be It Marriage Or Start Up

What Start Ups Expect From Budget 2015-16