Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: form 3cd :: Central Excise rule to resale the machines to a new company :: cpt :: empanelment :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: VAT RATES :: VAT Audit :: due date for vat payment
 
 
General »
 Questions about the GST cess
 How to prepare for the looming tax-extension deadline
 Income tax: Gratuity for employees raised to Rs 20 lakh; here is how you will benefit
 Haryana to set up scrutiny panel on GST benefits
 Waive certain taxes for companies in insolvency proceeding
 I-T department to appoint 7600 more tax return preparer scheme to cover entire country
 All eyes are on GST as Centre plans higher social pension
 Exporters demand total exemption from GST
 Here's what you must know to stay clear of taxman
 Filing income tax returns is not enough, you need to link Aadhaar with PAN before deadline ends
 If you don't link Aadhaar, PAN by Aug 31, your ITR won't be processed

Startups for tax breaks, single window system
January, 15th 2016

Simplified tax structure, easy compliance process and single window system are some of the issues that startups expect to be addressed through the much-awaited ‘Startup India’ policy to be uveiled by Prime Minister Narendra Modi on Saturday.

“Ease of doing business is important for any enterprise but critical for startups. With limited resources at their command, they cannot afford to spend too much time, money and effort in navigating a complex environment, populated by archaic laws and a labyrinth of registrations, permits and approvals,” Kunal Bahl, Co-founder and CEO, Snapdeal, said.

Saturday’s announcement is expected to mark the next phase of growth for entrepreneurship and startups in India. With 4,200 enterprises, India already ranks third in the world for the number of start ups after the U.S. and the U.K. With three to four startups emerging every day, this number is expected to reach several thousand by 2020.

Silicon Valley-based Karl Mehta, Founder of EdCast, who is slated to speak at the event on January 16, said India is at an inflection point and needs the talent, energy and dedication of entrepreneurs to fulfil its potential to become a developed nation in the next decade. “I think the event on January 16, will give strategic direction for startups in India,” he said.

About India becoming a preferred destination rather than Silicon Valley for entrepreneurs like him, he said, “The internet has united the world and opportunities are available in every part of the world today. I do agree that Silicon Valley is a global brand for “technology and innovation.” However, such hubs can come up all over the world, wherever there is passion, capital and technology.”

Mr. Mehta, who sold his third startup, Playspan, to VISA in 2011 said, all entrepreneurs look for single window clearances, ease of doing business, incentives to develop regions and clarity on taxation structures.

Mr. Bahl of Snapdeal said in India it takes 29 days to start a business, it takes half a day in New Zealand. Likewise, when it comes to bankruptcy, the complete filing process takes approximately 4.3 years in India as compared to only 0.8 years in Singapore.

“The problem in most cases is not the regulation but the red tape that makes compliance difficult despite best intentions. Many start-ups begin their journey here in India but quickly move abroad as they are intimidated by the complexity of regulation in India,” he added.

Saurabh Arora, CEO of a healthcare startup, pointed out to the need for creating a one-window system for startups for anything related to their business while Vir Kashyap, Co-Founder and Chief Operating Officer (COO) at Babajob.com said easing restrictions on SMS and VoIP would enable startups to communicate with their users far more efficiently.

The criteria to qualify for angel funding are stringent, according to Nilotpal Chakravarti, AVP at IAMAI and need to be eased. “In fact, there should be tax breaks and incentives for individuals supporting start-ups with capital. Meanwhile, Innefu Labs’ Co-Founder, Tarun Wig, believes India needs to realise importance of innovation in cyber security landscape and follow the example of the U.S. which has established In-Q-Tel and a CIA-funded venture capital firm to invest in technology startups.

Puja Bansal, Founder and Director, Myheera.com said to create an environment that is conducive for growth of startups, the government needs to enable easy availability of loans.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions