New govt needs to expedite tax reforms, boost receipts financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
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Gokul Chaudhri, Tax Leader, Deloitte India, discusses the importance of tax reforms to attract capital flows, particularly in the areas of private equity, venture capital, and the start-up ecosystem. He emphasizes the need for predictability and certainty, including simplifying the capital gains regime. Chaudhri also highlights the significance of the energy transition and the role of green bonds and the Production Linked Incentive (PLI) scheme in enabling capital absorption and flow. He references global events such as COP 28 and Davos, where India s growth and regulatory framework were recognized.
The extension of angel tax rules to investments by non-residents has raised concerns over the valuation of start-ups and sparked fears of calls from tax authorities. The industry is hoping that this decision will be reviewed - Issue Date: Jan 21, 2024