Yogita Tulsiani-MD& Co-Founder iXceed Solutions

The years 2020 and 2021 were fraught with ups and downs. The budget for 2022 includes a variety of measures to get the dispersed enterprises back on track. The FM has increased this tax exemption ceiling, accessible under section 80 CCD (2), for this group of employees in the budget 2022. This advantage is available under both tax systems. Not just this government’s effort on leading jobs and entrepreneur opportunities will help in reduction of unemployment Furthermore, in order to encourage and welcome investments for startups, the FM extended the capital gains exemption for investment in startups by one year, until March 31, 2022. This will undoubtedly be a relief for them and a significant step for the betterment of the community.

Ashish Bhatia- Co- Founder India Accelerator

The budget looks like a big boost for startups in India. The Ministry of Finance has extended the tax break for businesses by one year i.e. for the third consecutive year. This will not only assist entrepreneurs to obtain a much-needed boost after the pandemic but will also help them expand financially. Aside from that, Startups serving agricultural and rural sectors will be served with a fund mobilized via NABARD will be another feather in the cap.

Additionally, to promote and welcome funding to the startups, the FM also extended the capital gains exemption for investment in startups by one more year till March 31, 2022. The budget is a pro for drone centric startups because the government will now promote “Drone as a service” .

Mr. Siddharth Gurjar, Founder At Minix india

`In the current climate, it’s good to hear the Hon. The Finance Minister speaks more about domestic manufacturing since it is the need of the hour to claim a place globally.Exception on Customs duty rates are being calibrated to provide a graded rate structure to facilitate domestic manufacturing of wearable devices, hearable devices and electronic smart meters is somethings that help wearable market to grow post pandemic.