 "startups, investors, firms")
Startups and the investor community were left unimpressed as the Budget skipped the key demands, while offering only what they believe are incremental concessions to boost the entrepreneurial ecosystem.
Harmonization of capital gains tax rate for unlisted securities, removal of double-taxation on employee stock options (ESOPs), and reprieve from tax deduction at source (TDS) were among the key demands that were not taken up.
The Budget proposed to defer tax on ESOPs, extend the gamut of startups eligible for corporate tax concession and set up a new seed fund to help the industry.
“What the government has done is not
