#Budget2016: Post Budget 2016 reaction by Ms. Ankita Jain, Co-founder – GoPaisa.com
We are positively enthused by the budget statement of no taxes for any 3 concurrent years out of the first 5 years of companies incorporation, as the earlier policy only covered no taxes for first 3 years, and the same provided no relief for alt east 90% of startups. Generally the first 2-3 years are towards investments and hence there are no profits, thus earlier policy provided no relief.
The promises of electrification of 100% of villages by 2018, is great leap, which should have happened already, the same will result in mass inclusion as well as more thrust towards development given the huge investment the same would entail.
