Budget 2018 is unclear on startup concerns, disappoints on angel tax

Removal of LTCG exemption on listed equities will impact the nascent SME listing platforms; List in India initiative is still awaited

The last full budget of the NDA government will have significant reverberations in the startup ecosystem.

Investors awaited with bated breath for doing away with the draconian angel tax but that did not materialise. The Finance Minister acknowledged that the Government has taken various measures to develop the and promote the Startup and Venture Capital ecosystem and decided that they require a special regime to ensure their sustained growth.

The LTCG exemption provided to listed equities suffered a major blow