‘Proposal to reduce taxes for Tech start-ups will really encourage growth in the country’

Everyone had huge expectations with this year’s budget as the country gained its stability politically which further made it a preferred choice for FDI. Looking at all of that Alan D Souza, CEO, Vavia Technologies gives his comment on  the budget announced.

“The government seems to have spoken of another 1000cr startup fund with no news about the previous 10000cr startup fund that was announced during the budget last year. Rather than announcing such funds, more focus needs to be given on how utilization of such funds have impacted job creation and then additional support that can be provided for the same. The proposal to reduce taxes for Tech startups from 25% to 10% is great news as this will really encourage tech startups in the country.”