Investors had only a few options to claim tax exemption on their capital gains. They could invest in bonds of National Highways Authority of India or Rural Electrification Corporation or they could buy a residential property. The Budget has given investors two more options. Individuals will now be able to save tax on capital gains by investing in start-ups directly or indirectly. However, these options carry much higher level of risk and investors should look at them if they have the requisite risk appetite.