News & Media 24th Sep 2024
The Union Budget 2024 was lauded by Indian angel investors and startup community for abolishing the much talked about “angel tax”. At the same time, the government’s decision to tweak some of the other tax-related laws has also given the sector much to cheer about. The changes in the long-term capital gains on shares or transfers have now been brought down from the earlier 20 % to 12.5 % for both resident & non-resident taxpayers while taking away the indexation benefit.
Against this backdrop, our Partners Nishant Shah & Rahul Charkha talks to Rukmini Rao from Fortune India in the story “The ESOP Connundrum” on the impact of tax burden and ESOP buyback.
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