Quote on Budget Expectation by Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd
Below the Quote on Budget Expectation by Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd
The fiscal deficit target for FY25 is likely to stay at 5.1% of GDP as per the interim budget. Emphasis will be on job creation through capital expenditure, targeted social spending, and the 'Viksit Bharat' initiative. The budget may also outline a roadmap for fiscal consolidation beyond FY26. While no reduction in personal income tax rates is expected, there could be tax relief for middle-income taxpayers. Key sectors to watch include agriculture, start-ups, housing, railways, defence, electronics, and renewables. Changes in short-term capital gains tax rates are anticipated, but significant hikes in long-term capital gains tax rates are not expected.
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