Budget Reactions | Anshul Khemuka, Partner, Khaitan & Co.
"The abolition of angel tax, withdrawal of equalisation levy and rationalisation of dispute resolution related provisions in the Indian Budget 2024 have been welcomed as bold steps towards fostering a more investor-friendly environment," said Khemuka
The Union Finance Minister Nirmala Sitharaman introduced the Budget 2024 in the Parliament today.
Anshul Khemuka, Partner, Khaitan & Co. said,"The abolition of angel tax, withdrawal of equalisation levy and rationalisation of dispute resolution related provisions in the Indian Budget 2024 have been welcomed as bold steps towards fostering a more investor-friendly environment. These reforms are expected to encourage startup growth and attract more venture capital, potentially boosting innovation and economic dynamism."
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