No permits, angel tax for startups: Congress president Rahul Gandhi

New Delhi: In a major push to young entrepreneurs keen on setting up new businesses, the Congress has promised them zero permission for the first three years of starting any new enterprise.

In addition to this, to encourage greater job creation, it will also offer incentives and tax credits on the basis of the number of jobs created by these budding businesspersons.

For startups, the Congress has promised to abolish the angel tax levied on them, completely, which has been a raging issue with young entrepreneurs.

The industry has been constantly asking the Centre to ease the complex angel tax burden on them as it hampers their functioning and burdens them financially.

These are some of the critical issues which the Congress aims to tackle if it is voted to power after the Lok Sabha polls of 2019.

These aspects, which clearly aim to improve job growth.