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  • Budget expectation quote: Mr. Manu Agarwal – Founder & CEO, Naaptol

    Published on January 24, 2017

    “We have high hopes from Union Budget especially on the personal income tax rate aspect. A vital expectation of the common man from the FM is to increase the individual tax exemption limit currently at INR 2,50,000 per annum, which has remained constant Manu-Agarwal--CEO-&-founderfor the past three years.
    Business organisations across the Industry seem inclined to believe in governments most important campaign Make in India initiative, which will introduce more Industry-friendly measures than ever, especially with a focus on the startups. Government should take into consideration the reduction in the corporate & personal income tax rate. The more we consume, the more we produce is our philosophy.
     
    Policy regulations like ease of compliance, reliance on self-certification instead of audits, tax exemptions for startups & corporates will allow entrepreneurs to devote their time, energy and resources to build upon their innovative ideas. It will also help them to support the Digital India, Make in India mission which hold huge potential for growth of the industry. Internet startups dominate the entrepreneurial ecosystem in e-commerce today and the government can provide the best support by announcing immediate tax relief and exemption for the group of innovative online business world”

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