The startup community, which has started facing funds crunch of late, is looking to the Union Budget 2016 for an easy tax regime, relaxation in investment norms and furtherincentives for innovation.
The country is home to over 18,000 startups, making it the third-largest in the world after the US and England.
“iSpirt has represented to the finance ministry that a small basket of tax sops merely will not be effective for the existing system which is riddled with several bottlenecks," co-founder of iSpirt Foundation Sharad Sharma told PTI. Read More.
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