Decoding The Impact On India's Startup Economy
Key Takeaways Startup tax holiday scheme extended to startups incorporated till March 2023
30% tax on income from virtual digital assets
LTCG tax on all equity investments capped at 15%
Ease of doing business 2.0 introduced
India to get a digital rupee in 2022-23
Digital University for online higher education
Startup Tax Holiday Gets Extension Startup tax holiday scheme extended to startups incorporated till March 2023 Extension of concessional tax regime for new manufacturing companies
Long-Term Capital Gains Capped LTCG Surcharge on all equity investments capped at 15% Income surcharge on companies in a consortium capped at 15% Long Term Capital Gains Comparison Before Budget 2022
After Budget 2022
Tax Rate
20%
20%
Maximum Surcharge
37%
15%
Cess
4%
4%
Effective Tax Rate
28.50%
23.92%
Credits: Siddarth Pai
Ease Of Doing Business 2.0
Expanding “Parivesh” single window portal for green clearances
2020
0
50
63
Standardisation and removal of overlapping compliances
2014
100
142
'One Nation, One Registration' regime for incorporation
Improved Ranking Of India In Ease Of Doing Business
150 India’s Bank
Crypto Ecosystem In Tax Net 30% tax on income from virtual digital assets 1% TDS on crypto transactions over a certain threshold
India To Get A Digital Rupee Digital Rupee using blockchain and other technologies proposed To be issued by the Reserve Bank of India starting 2022-2023
Skill Development Comes Into Focus A new DESH-Stack for skilling, reskilling and upskillling needs 750 science and mathematics virtual labs 75 skilling labs for simulated learning environments Updating National Skill Qualification Framework (NSQF)
Edtech Digital University & eVIDYA Expansion
eVIDYA language support to be broadened Training and support for digital teachers
2021-22 RE
39553
eVIDYA to be expanded to 200 TV channels
National Education Mission (In Crore)
30796
Digital University for online higher education
2022-23 BE
Agritech Startups Get Big Push Public-private partnerships potential for startups for agritech push NABARD-led funds for agritech startups and rural enterprises Push for drone and farming-as-a-service
Skies Cleared For Drone Startups Supporting drone-based applications for agriculture Drone Shakti scheme to encourage varied applications for UAVs
MSMEs Get Platform Boost Interlinking of MSME portals to offer government, business services Emergency Credit Line Guarantee Scheme extended to 2023 MSME guaranteed cover extended by INR 50,000 Cr
Digital Banking, Payments Get A Push Inclusion of post office banks under the core banking umbrella 75 digital banking units to be set up by scheduled commercial banks Renewing INR 1,500 Cr allocation to boost digital payments
EV Battery Swapping Comes Into Focus Battery swapping policy proposed for interoperability Push for battery/energy-as-a-service
Defence Sector Opened Up For Startups Defence R&D opened up for startups DRDO-led private public partnerships for design and development
5G Launch Imminent 5G spectrum auction in 2022 5G services to be rolled out in 2022-23
PM GatiShakti: UPI Moment For Transport Tech? Target of 25,000 Km National Highways in 2022-23 Revamped Unified Logistics Interface Platform Open source mobility stack Integration of postal and railway network 400 energy efficient Vande Bharat trains Multimodal connectivity for urban transport and transit stations
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