Budget 2022 is a welcome move for startups and manufacturing companies

By OEM Update Editorial February 17, 2022 12:01 pm IST

The manufacturing companies have been given additional time period to fulfill their dreams and avail tax holiday remarks, Ashu Kansal, CFO, Addverb Technologies.

“This budget is a welcome move to startups and manufacturing companies who have been given additional time period to fulfill their dreams and avail tax holiday and concessional tax benefits.

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Capping of LTCG surcharge to 15 percent is again a windfall gain to the private sector employees and co-founders who had to earlier shell out extra surcharge to the extent of 37 percent. Effectively, this would mean 2-4% gain of income tax on secondary sale of shares during fund raise.”

For more info , visit: Robotics | Global Robotics Company | Addverb Technologies

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