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Start-ups expect simplified tax regime
The Morning Standard
|January 25, 2025
WITH the abolition of angel tax in the previous budget, the country's start-up ecosystem saw a boost in early-stage investments, and now in the upcoming budget, they expect tax reforms, simplification of ESOP (employee stock option plans) taxation and extended tax holidays.
India, which has the third largest start-up ecosystem in the world, boasts over 1.59 lakh start-ups that are recognised by the DeRUNBU partment for Promotion of Industry and Internal Trade (DPIIT) as of January 15, 2025.
This story is from the January 25, 2025 edition of The Morning Standard.
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