“Presented in the Union Budget today, Government’s proposal to defer tax on ESOP along with extension of tax benefit to 10 years is a most certainly a welcome step and will be of great help for the ecosystem, specially for the early stage Startups where it comes as a relief for revenue management. Removal of DDT is expected boost investments in Startups which will help in generating positive cashflow in mid-term. Hon’ble Finance Minister mentioning the use of technology for economic development is a clear indication of the government’s intention to boost the overall Startup space.”
(The writer is Co-founder and CEO of sRide)
(Published 02 February 2020, 15:09 IST)
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