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.