officechai.com
Indian Startup Ecosystem Reacts Positively To Union Budget, Hails Changes In ESOP Taxation Rules
India’s startup community appears to have reacted positively to the Union Budget 2020. The strongest reaction came over the changes in ESOP rules, which had been a long-standing demand of the startup ecosystem. Until now, employee stock options were taxed when they were vested. As per the new rules announced by Finance Minister Nirmala Sitharaman, the stocks would be taxed at the time of their sale, or 5 years after vesting, or when an employee...