New thematic funds, cap on LTCG tax surcharge cheer startups, investors
HNIs investing in the startup and funds ecosystem, too, will have to pay lower taxes on LTCG, an expert said
Finance minister Nirmala Sitharaman’s budget proposals to launch new thematic funds, extend tax benefits to registered startups by a year, and to cap long-term capital gains (LTCG) tax surcharge will benefit founders, startups, investors, and high net-worth individuals (HNIs). However, the government’s decision to ignore demands of overseas direct listing rules for startups was a dampener, said industry watchers.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more