established co.s trying to claim startup benefits
Seems like many large Indian corporates and foreign multinationals are trying to claim startup india benefits by registering their subsidiaries as startups in India.
The DIPP has refused to give tax benefits to 401 start-up companies of the 407 that applied as according to DIPP they have failed to qualify during the scrutiny process.
Because of this genuine good startups suffer. Angel Tax on one end because someone is trying to launder money and deep scrutiny on the other because large indian co.s and multinationals want to fraudulently claim benefits. more
The DIPP has refused to give tax benefits to 401 start-up companies of the 407 that applied as according to DIPP they have failed to qualify during the scrutiny process.
Because of this genuine good startups suffer. Angel Tax on one end because someone is trying to launder money and deep scrutiny on the other because large indian co.s and multinationals want to fraudulently claim benefits. more
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People in general are skeptical about our judiciary system and the corporate who all have engaged top legal advisors are confident to win cases things will go like this only. Making judiciary corruption free and effective seems to be the top priority. more
Feb 02
Actually we are now habitual in claiming false benifits that is the reason no. of false companies, societies & NGOs are claiming false financial assistence, Even if Any one analyse the sales reported in most of the Exhibitions are mostly false, some time it is not even 5% of reported sales. There is need for linking the benifits proportionately to employee in starts up through their IDs with a provision no IDs may claim in other starts up. more
Jan 30
Not only to display the name this may be displayed with certificate that these are new borrowers to the bank. See the reality will come that how much Govt and banks are be-fooling the people. more
Jan 31
Ashwani Ji U r right because Mudra Bank also following same norms as being followed by other bank, there is no accountability & no responsibility on the bankers, they never take pain in making survey,identifying real users or benificiary, actually like other Govt. Service they are just presenting manuplated statement for getting appreciation for their bosses that is the reason actual individual , societies, NGOs, New enterpreneure facing difficulties in getting loans.
Govt. if really think that Mudra bank sanction so much no. of loan then display the name of benificiary & details of employment with their IDs more
Govt. if really think that Mudra bank sanction so much no. of loan then display the name of benificiary & details of employment with their IDs more
Jan 31
Actually this is happening in all sphere. Govt says we gave given so much of loan under Mudra Scheme .In actual old loans have been converted as Mudra loans . Either same amount of loan converted without security or some enhancement in loan given which suits to bank to increase number and amount and borrower gets extra loan. more
Jan 30
Even Constitutional laws were side tracked for befitting those supporting Political leaders . Many laws including IPC and, Land Ceiling were also maintained managing Political nexus since long over Decades like misuse of PDS, GRANTS, SUBSIDIES AND EVEN PENSION, INSURANCE . Lapse of strict and comprehensive laws, persistent Corruption are the root causes . Unless the mandates of BANK & POSTAL BASED TRANSACTIONS ; LINKAGE OF AADHAAR CARD FOR MOBILE AND ALL IDs of Citizen : Government tie-ups ; WEALTH TAX WITH DIFFERENT SLABS are codified and implemented, every provision of Governments will get misused like our Land Treasure and Forest Produces . more
Jan 30
