No action on Inheritance tax or reintroduction of wealth tax is a welcome step as both are highly retrograde - Arihant Bardia, Valtrust Capital
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By Arihant Bardia, CIO, Valtrust Capital
Sometimes inaction proves beneficial. No action on Inheritance tax or reintroduction of wealth tax is a welcome step as both are highly retrograde. In a welcome move, Digital assets and currency can now be viewed as an emergent asset class - thanks to clarity on how crypto will be taxed and creation of a digital currency of the Central Bank using blockchain. The time has come for sophisticated investors to better understand the risk and access investment opportunities, both in India and globally, in this emerging asset class.
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