#Budget2016: Post Budget 2016 reaction by Mr. Mahesh Lingareddy, Founder & Chairman, Smartron
To boost the morale of entrepreneurs, the capital gain tax could have been exempted for investment in upcoming industries. Keeping in mind the employees of an organisation, the taxes should have been deferred for the Employee Stock Option Plan (ESOP) who buy the vested stocks. Also, the taxes should have been waived for five years for start-ups on a revenue of 1000 cr rather than 25 cr.
Technuter.com News Service
