Mr. Alok Chawla-Cofounder, Kiko Live
Hope you are doing well. Sharing a post-budget quote from Mr. Alok Chawla-Cofounder, Kiko Live
The budget for 2022 appears to be focused on digitalization, infrastructure development, and ease of doing business, which will have a long-term impact on the retail sector. The focus on ease of doing business should create a more favourable environment for local sellers. Speaking of taxes on cryptocurrency, this is a positive step because it recognises crypto investment. But the option to gift cryptocurrency carries the risk of money laundering. The tax incentive for startups has been extended until March 2023, which is a positive step toward encouraging the startup ecosystem.