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Govt to revise long-term capital gain tax on venture investment

Domestic venture capital funds have been seeking parity in tax structure with stock investments.

Govt to revise long-term capital gain tax on venture investment

The government will revise its long-term capital gains tax structure for venture capital investments in the Budget for the coming financial year, revenue secretary Hasmukh Adhia told a conference on start-up businesses on Saturday.

Domestic venture capital funds have been seeking parity in tax structure with stock investments. Long term capital gains tax is nil for the latter, compared to 20 per cent for venture capital.

(Reuters)


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