Also, start-up channel on Doordarshan will help budding entrepreneurs to shape their ideas and guide them about complex issues of compliance and taxation. The proposal to discourage business payments in cash and levy 2% TDS on cash withdrawal exceeding Rs1cr in a year from a bank account will bring in tax compliance and also increase revenues for the government. Filing of single monthly GST return will provide a big relief for MSMEs on the compliance front. Start-ups and investors who file declarations will not be subjected to scrutiny in valuation - this is a positive development that will encourage angel and private equity investments.
- Akshay Hegde, Co-founder & MD, ShakeDeal