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Startup Street: Decoding Parl Panel's recommendations on abolishing LTCG for investments in startups

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Startup Street: Decoding Parl Panel's recommendations on abolishing LTCG for investments in startups

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The parliamentary standing panel on finance has recommended that all investments made by collective investment vehicles into startups be exempted from long-term capital gains tax for at least two years. To discuss the recommendations Startup Street Spoke to Rehan Yar Khan Managing Partner at Orios Venture Partners.

The parliamentary standing panel on finance has recommended that all investments made by collective investment vehicles into startups be exempted from long-term capital gains tax for at least two years.

It has, however, suggested that once the two year period is over, securities transaction tax may be imposed on them in order to maintain revenue neutrality. The standing committee also has recommended several measures to reduce dependence on the US and China for funding startups.
The panel expressed concern over the fact that Indian unicorns have an exposure of Rs 30,000 crore to the Chinese capital. To discuss the recommendations Startup Street Spoke to Rehan Yar Khan Managing Partner at Orios Venture Partners.
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