With these Budget measures and a slew of changes from the other regulators, Indian startups can finally take their place on the world stage and become global powerhouses On the date of the election results, the Sensex was north of 40,000, the Nifty had breached 12,000 as the NDA crossed…

2000 startups. 100 meetings. 25 articles. 7 years. 3 WhatsApp groups. 2 whitepapers. 1 unwavering ask: No More Angel Tax. This evening, when we first got to see the circular from DPIIT/CBDT that formalized key recommendations suggested with respect to Angel Tax or section 56(2)(viib), we admit our minds went…

The transmission of repo rate cuts to the end-consumer, by linking loans to a benchmark rate, will help free up liquidity and lower borrowing costs. Choked by water, but starved of liquidity — if there is one phrase that can sum up India’s predicament today, it would be this. India’s…

The exclusion of CAT III AIFS from the rollback of surcharge on FPIs leaves Indian funds at a fundamental disadvantage in India compared with FPIs For investors in Indian markets, there always existed an ambiguity in taxation regarding whether the gains they make are capital gains — having a more…

If the intention is to bring relief, then the February 2019 circular should be amended to state that loans and advances in the ordinary course of business should be allowed provided the PAN of the recipient is provided. The negative list includes land, building, motor vehicle, aircraft, yacht, jewellery held…

The penal provisions, especially those involving imprisonment, in the Companies Act, 2013 are disproportionate retributive measures compared to the acts of omission by companies or their officers — John Locke, in his seminal work Two Treatises on Government, highlighted that punishments should be governed by three legitimate motives: reparation, restraint and deterrence. The legitimacy of punishment is upheld when “laws of nature”, the inveterate body of moral principles that forms the basis for all human conduct, is violated…

The “Angel Tax”, or Section 56(2)(vii b), is a 2012 insertion by the then UPA government which taxes domestic capital invested into private Indian entities as income, if the investment was made above the ‘Fair Market Value’. In Poetics, Aristotle described the Greek word Hamartia as “a fatal flaw leading…

John Locke, in his seminal work Two Treatises on Government, highlighted that punishments should be governed by three legitimate motives: reparation, restraint and deterrence. The legitimacy of punishment is upheld when “laws of nature”, the inveterate body of moral principles that forms the basis for all human conduct, is violated…

Budget 2019 Speech addressed the issue head-on and promises relief on three fronts including funding from e-verified investors The mentioned promises have the potential to rid the Indian startup ecosystem of the spectre of “angel tax” However, only if executed without any additional conditions or caveats Mr Speaker, Sir, my…