Start Up Budget Reactions Ms.Sanya Goel, Director And Founder Of Start Up Fuel@Doorstep Humsafar App

Ms Sanya Goel , founder of Delhi based start up Humsafar fuel@doorstep which delivers diesel at doorstep for housing societies,  hotels and malls in the National Capital Region has welcomed the Union Finance Minister Nirmala Sitharaman announcement of  an investment clearance and advisory cell for entrepreneurs, an online portal to facilitate ease of faster clearances for businesses, and a seed fund to support early- in her Budget 2020-2021

Ms Sitharaman said in her  speech that entrepreneurship has always been the "strength of India," and proposed a slew of measures to ensure ease of doing business for Indian startups, including a seed fund to support early-stage startups and an investment clearance and advisory cell for entrepreneurs, among other measures and called  India's growing crop of entrepreneurs "job creators",”said Ms Sanya goel.

 “we welcome Budget 2020: Govt proposes easing of tax payments for startups Finance Minister Niramala Sitharaman proposed easing of tax payments for startups with a view to promote growth of budding entrepreneurs “by deferring the tax payment by five years or till they leave the company or when they sell, whichever is earliest.” Currently, ESOPs, or employee stock option plan, are taxable.”Ms Goel added

“We welcome announcement of  an eligible startup having a turnover of up to Rs 25 crore is allowed a deduction of 100 percent of its profits for three consecutive assessment years out of seven years, if the total turnover does not exceed Rs 25 crore.” She added