Even as the government made an effort to bury angel tax, the rise in surcharge on long-term capital gains (LTCG) tax has spooked start-up investors, founders, and stock options holders. If they are earning Rs 2-5 crore per annum, the effective LTCG tax rate is 26 per cent; those earning Rs 5 crore-plus will have to pay 28.5 per cent LTCG.
This will discourage start-up investors. “The most retrograde step Modi Sarkar 2.0 has taken for start-ups is the heavy tax on their potential long-term gains. A bit worried about the future,” tweeted Anand Lunia, managing partner at ...
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