Budget 2024's focus may be transformative reforms for startups

The 2024 Union Budget focuses on transformative reforms for startups to enhance ease of doing business and attract foreign investments. Proposed amendments to the Income Tax Act aim to accelerate startup growth and innovation. Key areas of reform include Angel Tax, exemptions for genuine transactions, extending benefits to the service sector, and enhancing tax policies for ESOPs. These changes are crucial for fostering a dynamic and resilient business environment in India.