This will encourage more startups
Published on : Saturday 01-02-2020
It will make it easier for startups to incentivise good talent and attract more skilled talent towards working in startups , says Harsh Jain, Co-founder and COO, Groww.
"Startup ESOPs taxation on vesting will be deferred for five years or till exit – whichever is earlier! This is great news as the current system collects taxes too early. This will encourage more startups to get incorporated and create jobs. It will make it easier for startups to incentivise good talent and attract more skilled talent towards working in startups"
"Dividend tax removal and tax to be paid by the investor based on his/her tax slab is good news as it simplifies taxation on dividend earned by investors and reduces hassles."
"Raising deposit cover from Rs 1 lakh to 5 lakh is great news and will definitely give investors more peace of mind."
"Making policy for data centre parks for digital resources like fintech, AI, aggregator platforms along with the connection of 1 lakh villages via optical fibre internet is great news for digital India. This will definitely increase digital penetration into India that was unthinkable before."
"The government is clearly pushing manufacturing in the country – an investment clearance cell being set up, scheme to encourage manufacturing of electronics and semiconductor industry products, Rs 27000 cr for industry and commerce is a good measure for the economic boost."
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