Finance Minister Nirmala Sitharaman’s Union Budget 2024-25 includes significant provisions for startups and MSMEs:
- Abolition of angel tax for all investors from April 1, 2024.
- Rs 2 lakh crore central outlay for MSMEs.
- Simplified FDI and overseas investment rules.
- Increased LTCG and STCG tax rates.
- Corporate tax on foreign companies reduced to 35%.
- New ESOP reporting exemptions and changes to buyback taxation.
By Vaishali Sharma
