DECEMBER 20188he run up to the 2018 budget was mild and not much of expectations at macro constituents' level in general. The only thing that was largely being talked about was the discussion on capi-tal gains. And, it happened, and how!! The maturity with which that has been done is commendable. They have kept the gains up to Jan 31st out of the scope of this levy. While the execution must be lauded, the thought pro-cess is debatable. In the mini preamble to this levy, the learned FM clarified in his budget speech that the move is to tax the corporates from channelling their surplus-es into stock markets as against reinvesting into busi-nesses. Fair point this may be but then why not limit it to these constituents only? Besides, we are also now suffering the STT and the capital gains tax both. Coming back to the run up to the budget, almost each micro constituency / industry sectors had their own issues that they were looking forward to during WHAT BUDGET 2018 HAD IN STORE FOR START- UPSBy Ashish Fafadia, CFO, Blume VenturesIN MY OPINIONTAn experienced Chief Financial Officer with a demonstrated history of working in the venture capital and private equity industry, Ashish is skilled in Financial Structuring, Risk Management, Corporate Finance, Portfolio management and Project Finance
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