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The Standing Committee on Finance, headed by Jayant Sinha, has in a recent report suggested many measures to boost investments in start-ups in India. It has sought to abolish tax on long-term capital gains for all investments in start-ups made through collective investment vehicles (CIVs), encouraged start-ups to seek investments from private equity and venture capital outfits, larger companies and High Networth Individuals to meet their financing needs.
Amiti Sen beings you the details.
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