Budget 2022 is a welcome move for startups and manufacturing companies

February 17, 2022 12:01 pm

The manufacturing companies have been given additional time period to fulfill their dreams and avail tax holiday remarks, Ashu Kansal, CFO, Addverb Technologies. 

“This budget is a welcome move to startups and manufacturing companies who have been given additional time period to fulfill their dreams and avail tax holiday and concessional tax benefits.

Capping of LTCG surcharge to 15 percent is again a windfall gain to the private sector employees and co-founders who had to earlier shell out extra surcharge to the extent of 37 percent. Effectively, this would mean 2-4% gain of income tax on secondary sale of shares during fund raise.”

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