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Published on 6/07/2019 1:59:46 PM | Source: LKP Securities

A Balanced Pragmatic Budget - LKP Securities

Posted in Budget Reports| #LKP Securities Ltd #Budget Report

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A Balanced Pragmatic Budget

* A pragmatic budget which envisages spends on Infrastructure together with the Rural Push and Income Support without burdening the common man or the middle-class with additional taxes.

* Adheres to Fiscal Prudence and at the same time encourages FDI, FPI and NRI through investor friendly measures.

* Addresses short term challenges currently being faced while at the same time takes care of longer term requirements with regards to Government Spending.

* Buy-Back of listed shares would henceforth attract 20% tax in the hands of the company and the shareholder now need not pay the tax on Capital Gains on those shares.

* Blueprint for development of Gas Grids, Water Grids & I-ways and streamlining of the National Highway Grid is a welcome step in Infrastructure development. 

* Enhancement of Metro Railway Programs & Upgradation of Railway Stations is a concrete move towards making life convenient for the Urban Middle Class consumer.

* Increasing the threshold turnover for lower rate of 25% Corporate Tax from Rs. 2.5 bn to Rs. 4 bn is boost to SME

 

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