There were a lot of expectations in various quarters as the Finance Minister presented her second budget in the second innings of this Government. The budget was presented in an extremely tough environment, with GDP Growth at an 11-year low and fiscal deficit under serious stress. As they say, when the going gets tough, the tough get going, and diehard optimists were hoping for an encore of 1991. Capital markets were looking at measures aimed at reviving growth, stimulating private investments and boosting consumption. They were also looking forward to specific measures for the markets that would revive the animal spirits. … [Read more...] about Dividends taxed at slab rates to hurt HNIs: Sanctum Wealth
Evm pmp questions
To my mind, considering the nature of Indian demographics, staying focussed on saving taxes is a good idea at this point, even though the government may be hoping that you consume more. If you opt for the new option, whereby you stop making those investments that qualify for tax exemptions and tax benefits such as those under Chapter VI-A and Sec 80C – PPF, LIC, ELSS, EPF – and those under Sec 24, i.e., interest on housing loans, and opt for a lower tax bracket, this choice may seem like a good one in the short term, but may be challenging to deal with in the long term. … [Read more...] about Budget 2020’s paradox of choice to taxpayers: to spend or to save?