Post-Budget Reaction by Mr. Abhinav Choudhary, Co-Founder of Smartprix.com
Budget 2015-16 may prove to be A Game changer for tech startups in India. According to Economic Survey 2014-15 Indian Tech startup landscape to be in the mode of hyper-growth. In line with the growth, allocation of 2000cr for startups will definitely be seen as a positive sign from Govt.
FM announcement of reducing corporate tax from 30% to 25% in the next 4 years will increase the expenditure power on marketing and technology of Smartprix.com – An online comparison shopping website and creation of more jobs in the technology sector is expected in the upcoming years. Reduction in the rate of income tax on royalty.
