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Founder & CEO ClearTax
ClearTax raised an investment from Y Combinator in the summer of 2014 and is backed by PayTm Founder.
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Three years after the implementation of GST, centre and states have yet to reach a solution; perhaps the formula for compensation cess needs to be reconsidered
It's always a good idea to invest when the markets are down rather than waiting for them to pick up
The Fintech players are expecting a sizable reduction in corporate taxes as promised by the Finance Minister
Freelancers have an advantage in terms of availing more tax-saving deductions
Presumptive Taxation Scheme can be used by freelancers, professionals and consultants who earned INR 50 lakh or less in FY 2016-17
With GST subsuming entry taxes and bringing standardization in tax rates, India will become tax neutral irrespective of location and no tax arbitrage will be possible.
Despite high hopes for a revamped section 80C, however, tax savings instruments remain untouched. The tax deduction limit under 80C remains 1.5 lakhs.
2017 is poised to be an exciting year for both taxation and the fintech space, Archit Gupta of Cleartax
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