New Delhi: The request of leaders of Indian startups is to seek a clarification of tax policies by the government following a recent court case that left investors confused. The ruling has brought about concern on the future taxes.
Startup founders claim that uncertainty puts foreign investors off, and it stunts funding. They encouraged policy makers to come up with unambiguous guidance in order to save investor confidence.
Stable government policies on taxes to the citizens are thought to be key to long term development. The startup culture in India is based on trust, transparency, and favorable policies.
The case is supposed to be discussed by the government. India is a country that startup leaders hope will be act swiftly to make it a global destination of starting up.
