The issue of angel tax has caused an existential threat to some startups and investors. Startup companies and angel investors have made a fresh plea to interim union finance minister Piyush Goyal and union commerce minister Suresh Prabhu to exempt them from angel tax.
Both investors and startups are hoping that Goyal puts this issue to rest on February 1. Many also anticipate that the government will boost its flagship schemes like Startup India and Make in India. Sectors such as health-tech, agri-tech and fintech may also be at the forefront of budgetary attention.
Rajesh Sahwney, founder of GSF add co-founder of Healthie; Rehan Yar Khan, EC member of IVCA and managing partner of Orios; Rahul Garg, founder and CEO, Moglix and Ramasubramaniam B, co-founder of BlackBuck, gave clarity on what startups and investors expecting from the interim budget.