Bengaluru: A handful of bitcoin startups, led by Zebpay’s Saurabh Agrawal, had been talking for a while about reviving their defunct industry group. It finally took a Central bank warning notice that resurfaced in February after four years to kick them into action. The Digital Asset and Blockchai…
Tag: Nishith Desai
Budget 2017: Start-ups get more time to choose their 3-year tax holiday
No gain, without pain is the verdict from startups and investors on tax measures unveiled in the Budget. Income tax rebates for startups have been extended for three out of the first seven years since incorporation. The industry is cheering the move to allow startups -certified under the IT Act o…
‘Google Tax’ detrimental to start-up ecosystem: Experts
The equalisation levy, also known as ‘Google Tax’ which the government is imposing on online advertising revenue by non-resident e-commerce companies earned in India, is expected to adversely affect the startup ecosystem going forward, according to tax experts. The levy which is at 6 …