Govt to revise long term capital gain tax on venture investment
PremiumDomestic venture capital funds have been seeking parity in tax structure with stock investments
Premium
New Delhi: India will revise its long-term capital gains tax structure for venture capital investments in the budget for the coming financial year, revenue secretary Hasmukh Adhia told a conference on start-up businesses on Saturday.
Domestic venture capital funds have been seeking parity in tax structure with stock investments. Long term capital gains tax is nil for the latter, compared to 20% for venture capital.
India will announce its union budget on 29 February. Reuters
