Venture Catalysts | India's 1st Multi-Stage VC reposted this
Angel Tax Abolished! Long-Term Capital Gains Tax Reduced! 🎉 I am thrilled to share that the Government has just presented the Union Budget and made some heartwarming announcements for startups. The angel tax (i.e., tax on startups raising capital at a premium) has finally been abolished. Additionally, the tax on long-term capital gains from the sale of startup shares has been effectively reduced by 8-9%, bringing it down to 12.5%. This long-awaited parity with listed shares has finally been achieved. We commend the Government of India for these startup-friendly measures and its unwavering support in propelling the Indian startup ecosystem forward. Such progressive policies are a testament to the government’s commitment to fostering innovation, encouraging investment, and nurturing the entrepreneurial spirit that drives our nation. Venture Catalysts | India's 1st Multi-Stage VC, 100Unicorns, Anuj Golecha, Anil G Jain, Gaurav Jain, Mohit Rakhecha,Vansh Oberoi, Shruti Arya, Anvit Baliga, Madhav Bhaskar, Rajesh Mane, Ankit Jain, Vinod Keni, Rishabh G, Lumani Shah #VentureCatalysts #AngelInvestor #VC #IndianStartups #Budget2024 #AngelTaxAbolished #InvestmentPolicy #IndiaEconomy #FMNirmalaSitharaman #StartupIndia #EconomicReforms #Investors #TaxPolicy #IndianBudget