Budget expectations: Startups

13 Jan 2022 , 01:42 PM

‘Budget Expectations for the start-up and technology sector’ from Mr. Satish Shukla, Co-founder & Head- HR & Marketing, Addverb Technologies.

“2021 has been the year of the unicorns and also the time taken by startups to become a unicorn has also decreased. These unicorns have created employment and have contributed to creating a new commerce and economy. At present the tax rate for capital gain on unlisted shares are different vis a vis the listed shares resulting in higher tax outflow for startup founders and early stage investors. They could be rationalized at par with listed securities to bring parity,  Also, with the new commerce, gig economy has been on the rise with jobs being created through e-commerce firms. Bringing these new kinds of jobs under the minimum wages ambit shall provide a good social security cover to this vulnerable set of gig workers like delivery boys etc.”

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