Budget Reactions | Anshul Khemuka, Partner, Khaitan & Co.

BW Online Bureau Jul 23, 2024

"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."