With Finance Minister Nirmala Sitharaman proposing to ease the taxation burden on ESOPs for startups, the “so-called” last irritant for budding entrepreneurs have been removed and it is now a perfect ecosystem for them in the country, the CBDT chief has said.
CBDT Chairman P C Mody said most of the issues pertaining to startups were already addressed in last budget and the remaining matter on ESOPs (employee stock option plans) was resolved this time.
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The Central Board of Direct Taxes frames policy for the Income Tax Department and it functions under the Union Finance Ministry.
Source: Business Standard
