While the angel tax issue was largely resolved in Budget 2019, other important issues largely remained unaddressed by the Finance Minister, according to industry experts.
Here's a quick roundup of demands raised by startups that weren't addressed in the Budget:
- Many startups have been facing a significant cash crunch under the GST regime and were demanding a refund on input tax credit since their costs usually are much higher than their revenues. Startups also wanted TDS refunds to be processed.
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