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The Centre is likely to provide a roadmap for start-ups in the Union Budget 2016-17, including a review of the long-term capital gains tax on venture capital investments.
“The Budget will outline a package for start-ups, including easing of regulations,” said Economic Affairs Secretary Shaktikanta Das at the Start-Up India initiative on Saturday.
Finance Minister Arun Jaitley is likely to table the Union Budget on February 29.
Addressing the event, Revenue Secretary Hasmukh Adhia said the government would also examine the long-standing demand for a review of the capital gains tax structure for venture capital in the Budget.
At present, there is no long-term capital gains tax on stock investments as against a 20 per cent rate for venture capital. This is seen as a dampener for those wanting to invest in start-ups.
The exact contours of the package for start-ups will be announced by Prime Minister Narendra Modi later in the day.
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