The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman made her maiden Budget Speech on 5th July,2019 and presented the Union Budget 2019-20 before the Parliament.
As expected the budget has brought several remarkable provisions for the Indian startup ecosystem. One of the most important moves is that of easing out the much-debated ‘angel tax’. Smt. Nirmala Sitharaman also proposed a system of e- verification of investors and the source of investor’s funds.
The key highlights on the Union Budget 2019-20 presented on 5th July 2019 are as follows:
Suggested Read: Key Highlights of Union Budget 2021-22
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