What Relief Are VCs And Founders Expecting From Union Budget 2024?

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Union Budget 2024

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Current Challenges

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Angel Tax Issues

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Section 68 Concerns

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Valuation Report Hassles

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ESOP and Redomicile Reforms

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Corporate Tax and Compliance

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Learn More About Union Budget 2024

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Union Budget 2024: Bigger Focus On Consumer Spending Will Drive India Startup Story

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What Relief Are VCs And Founders Expecting From Union Budget 2024?

Union Budget 2024

FM Sitharaman to present Union Budget 2024. Startups expect significant tax reforms.

Current Challenges

Taxation issues hinder startups. Indian startup funding fell 1.8% in H1 2024.

Angel Tax Issues

Angel tax, introduced in 2012, has stringent criteria. It impacts ESOP trusts and subsidiaries.

Section 68 Concerns

Unexplained cash disclosure required to avoid penalties. Clear guidelines and fast-track dispute resolution needed.

Valuation Report Hassles

Multiple valuation reports increase costs. A single report proposed to simplify processes.

ESOP and Redomicile Reforms

ESOPs taxed twice, burdening employees. Calls for tax deferral until significant events. High costs for relocating startups.

Corporate Tax and Compliance

High corporate tax rates hinder growth. Demands for easier GST registration and better tax dispute resolution.

Learn More About Union Budget 2024

Union Budget 2024: Bigger Focus On Consumer Spending Will Drive India Startup Story