Shaping a Positive Business Landscape in Budget 2024
By Rakesh Raghuvanshi With the impending Union Budget 2024 announcement on February 1, the entrepreneurial community is actively engaging in a constructive dialogue, putting forth nuanced expectations for reforms that would fortify the business environment. One of the primary concerns drawing attention is the taxation of Employee Stock Options (ESOPs) for startups. Presently, the budget lacks specific provisions offering relief to startups, leading to a taxation burden on employees of unlisted companies even before realizing any liquidity from exercising options. This dynamic has repercussions on talent acquisition and retention...