I read they removed tax on Angel Investing. It was earlier taxed at 30% for startups who received it, which is now apparently removed to bolster startup ecosystem

Generalist

That was put in place to stop money laundering which kind of made sense. Still some good startups will benefit from it but I feel fraud startups will also rise.

Founder

Consultant

We know what went down the drain (our money 😭) but what is good?

Welcome to News Discussion's Private Community

What are the good points from this Budget?

What are the good points from this Budget?- Grapevine

Is there anything for the co operate majdoor in this budget? Let's comment out if there is anything.

Budget for Co operate majdoors

Software Engineer

No tax relief for salaried class. What are your thoughts on the overall budget? What reforms were you awaiting or what do you think are absolutely necessary to uplift the middle/ below middle class of the country?

Interim Budget 2024

Growth Manager

I have seen most of my friends and people are in tech always oppose the current Government. 

I agree, that current government is not great. But at same time, supporting parties like Congress doesn’t makes sense.

Genuinely curious why people think current government is not doing good? I have seen road & rail infrastructure getting improved, defence budget being increased, government making investments in R&D, privatisation of government sectors, making existing processes efficient, and much more.

Even the farm bills were good, now what is happening all the middlemen are making money.

Communal riots have increased, but I don’t think the government is responsible, it’s people who ignite these riots.

At last, why you think current government is not doing good?

Why people in tech hate BJP?

Small dataset? Most of the techies and finance folks I know are out and out Modi supporters!

Finance Consultant

What's happened in budget?

Project Manager

Welcome to Office Gossip's Private Community

Budget 2023 What's cheaper and what's costlier?

Budget 2023

Project Coordinator

Do you think we are being cheated by the government!

We are paying every form of tax available on earth 🌍

Budget

Product Manager

Coming Tomorrow.. 

What is your expectation?

Budget 2024! 🏦

Welcome to Fintech India's Private Community

What are your views on upcoming budget?

How did you folks find the budget???

Program Manager

Welcome to Personal Finance's Private Community

Btw this year it's interim budget as current government will go for mandate in 2024 May.

So, what to do you think on tax rebates, nps and populist schemes again.

Do you look forward to Union Budget?

Senior Consultant

- The government has introduced three new employment-linked incentive schemes to address the job creation gap, aiming to create 50 lakh more jobs and upskill 20 lakh youth through upgraded Industrial Training Institutes over the next five years.
- Female employment has been a focus, with plans to set up working women's hostels and creches to help balance work and home duties, aiming to improve women's participation in the workforce.
- Corporate tax rates on foreign companies have been reduced from 40% to 35%, and the controversial angel tax on foreign investments in startups has been rolled back to support the startup ecosystem.
- The diamond cutting and polishing industry will benefit from the introduction of safe harbour rates, providing tax predictability and fostering a stable business environment.
- For personal income taxes, the new tax regime offers increased standard deductions and adjusted tax rates, but comes with higher capital gains taxes and changes to deductions on employer contributions to the National Pension Scheme. 

 Source: Finshots

Full Budget FY25: Key Highlights and Implications

Journalist

https://www.linkedin.com/posts/prakash-kewalramani_india-tax-ugcPost-7157215325560713216-Cp76?utm_source=share&utm_medium=member_android

Do you agree with current taxation slabs?

Next thing modi government/india needs to fix is taxation.

Equity Research

Drop your thoughts about ongoing announcement from Budget. 

Drop an announcement and underneath people will add their thoughts

Budget Thread

Co-Founder

Inspite of so many "better than earlier govts" reforms in the last 10 years...the govt hasnt done much needed reforms in the income tax regime.

The govt is doing a few good things like dissolving inept psu's, selling off entities like Air India (privatisation), etc.
But when and how  are we going to increase the tax base?? Why is govt failing to do so? It is high time we rationalise it. We cannot dream of becoming a prosperous country with such poor policies in place

https://timesofindia.indiatimes.com/pay-income-tax-be-political-orphans-why-it-matters-for-indias-economy/articleshow/107405605.cms

Inept income tax dept

Is this really needed now ?

What’s your take on this in general and how it will effect in overall brand name in front of other countries..

India or Bharat

A government that is obsessed with PR has just launched a rebranding campaign for the entire nation.

What are the good points from this Budget?

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