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While the angel tax issue was largely resolved in Budget 2019, other important issues remained unaddressed by the Finance Minister, according to industry experts.
While the angel tax issue was largely resolved in Budget 2019, other important issues largely remained unaddressed by the Finance Minister, according to industry experts.
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Here's a quick roundup of demands raised by startups that weren't addressed in the Budget:
- Many startups have been facing a significant cash crunch under the GST regime and were demanding a refund on input tax credit since their costs usually are much higher than their revenues. Startups also wanted TDS refunds to be processed.