Post-budget 2018 Reaction Sanna Vohra, Founder & CEO, The Wedding Brigade

Even though the increase in the tax relief period, and reduction of the tax rate for MSMEs with turnover under Rs. 50 crore are positives in the medium-term for start-ups; early stage start-ups were expecting a few other changes to strengthen the ecosystem, namely, exemption from Minimum Alternate Tax (MAT), and a removal of Angel Tax to help fledgling start-ups get off the ground.