Five ways Budget 2024 impacts the Indian startup ecosystem

Quick Summary:

Stakeholders in the Indian startup ecosystem believe the Union Budget announcements on taxation for unlisted securities and thematic funds will have a long-term impact on the domestic startup ecosystem.

As a venture fund, we invest for the long term, and the clause frees up a large portion of the funds raised for investment rather than paying taxes,” Anirudh Damani, Managing Partner at Artha Venture Fund, told YourStory.

The move will also bring down the burden of compliance on startups, which had to seek two valuation reports—one to determine FEMA valuation, in the case of non-resident investors, and a tax fair market (FMV) valuation.

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Article Details

Author / Journalist: Payal Ganguly

Category: StartupsEconomyBusiness

Markets: India

Topics: Startup Investment Income Shares Angel Startups Capital Investors Indian Budget Domestic

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 14:26:20 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 729 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 21752862

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 28 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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