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02 Jul 2024

Budget Review 2022 – Impact on Startups, Founders and Investors

02 Jul 2024
Budget Review 2022 – Impact on Startups, Founders and Investors

Budget 2022 is here and its focus is on steering the economy over the Amrit Kaal for India for the next 25 years –India at 75 to India at 100. The Hon’ble Finance minister has also introduced various new policies for startups and incentives for investing in them, with the aim to provide a boost to the entrepreneurial spirit in the country. Some key highlights for the startup ecosystem:

1) Capping surcharge on Long term capital gain on unlisted equity to 15% bringing the effective tax rate from ~28% to ~23%.

2) Taxation framework for ‘virtual digital assets’ including Crypto and NFT

3) Introducing section 194R which may bring TDS implications for phantom stock, advisory equity and similar arrangements

4) Extension of 3 year tax holiday u/s 80 IAC for eligible startups and commencement date deferral u/s 115 BAB for lower tax rates

Our awesome team at Treelife has done a focussed analysis on provisions applicable to the stakeholders i.e. Startups, Investors and Founders – check the link below


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Last updated on
Jul 02, 2024, 3:13pm


The content of this article is for information purpose only and does not constitute advice or a legal opinion and are personal views of the author. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. Readers are requested to check and refer to relevant provisions of statute, latest judicial pronouncements, circulars, clarifications etc. before acting on the basis of the above write up. The possibility of other views on the subject matter cannot be ruled out. By the use of the said information, you agree that the Author / Treelife is not responsible or liable in any manner for the authenticity, accuracy, completeness, errors or any kind of omissions in this piece of information for any action taken thereof.

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