Start-ups to see positives from Budget - Mr. Anurag Janwar, Fintrust Advisors LLP

Anurag Jhanwar, Co-Founder and Partner at Fintrust Advisors LLP; Start-Up Mentor:

"Looking at the positives from this budget, one of the themes which has come out strong is start-ups. Recognising start-ups as a new growth engine of our economy, a slew of measures has been announced in the budget to boost them further. Early life funding will make seed funding easy and accessible for early-stage start-ups, the stage where most of the start-ups fail due to lack of funding available at their behest. ESOP tax deferment will make start-ups further lucrative as there will be higher disposable income in the hands of its employees if they chose to exercise their rights. Turnover limit extension up to Rs 100 crores for tax exemption is also a big relief, as a large number of start-ups come under this category. Dedicated online platform for investment clearance, advisory cell for entrepreneurs and seamless application of IPRs will too boost the number of new start-ups in the country."

Source : Equity Bulls

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