Rahul says no angel tax, no permissions for new business

Congress President Rahul Gandhi on Thursday promised incentives for entrepreneurs and start-ups to boost job creation in the country, saying there will be no permissions required for the first three years of any new business, no angel tax and sold incentives based on the number of jobs created.

He also promised easy bank credit if the party is voted to power in the Lok Sabha elections.

“Youngsters, Want to start a new business? Want to create jobs for India? Here’s our plan for you: 1. ZERO permissions for the first 3 years of any new business. 2. Goodbye Angel Tax 3. Solid incentives & tax credits based on how many jobs you create. 4. Easy Bank Credit,” Gandhi said in a tweet.

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