Key amendments proposed in Union Budget 2024 in respect of startup sector

23 Jul 2024 PDF
Subject Alerts
Categories Direct Tax
Jurisdictions India
The Hon’ble Finance Minister, presented the Union Budget 2024 on 23 July 2024 in the Lok Sabha.
  • The key highlights in respect of startup sector are:
  • Abolition of Angel Tax provisions
  • Amendment in tax treatment of share buy-backs
  • Rationalization of WHT rates in the hands of e-commerce operators
  • Withdrawal of Equalisation Levy (EL)
  • Rationalization of capital gains tax provisions
  • Removal of exemption for gift by corporate entities

Show resources

  • Download: Union Budget 2024 - Startup sector Highlights