Start-ups are a significant source of employment generation in India - something that deserves recognition by the Government. Efforts by the Government to ease fund-raising for this sector and remove the uncertainty of tax scrutiny following such fund-raising is a much-needed respite. While the fine print is yet to be examined, the intent of parliament itself will go a long way to preventing unwarranted actions by IT officials.
The author is Co-founder and Director at Driefcase Health-Tech Private Limited
Published 05 July 2019, 12:32 IST