Budget 2020: Did startups receive any benifit?

Representative image. (Getty images)

By Ashish Sharma

“While details need to be studied, this budget only had a couple of announcements with respect to startups. The change in ESOP tax treatment and extension of the period available for startups to claim a tax deduction against accumulated losses is a welcome move”

(Ashish Sharma, CEO, InnoVen Capital India)