The Standing Committee on Finance, which is chaired by Jayant Sinha, in a recent report suggested abolishing long-term capital gains tax for all investments in start-ups made through collective investment vehicles (CIVs). It also encouraged start-ups to seek investments from private equity and venture capital outfits, larger companies and High Networth Individuals to meet their financing needs.
What are the other suggestions in the report? Amiti Sen brings you the details.
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