होम » Budget
Dividend earned on Real estate investment Trust (REIT) and Infrastructure Investment Trust (InvIT) will not be taxed.
Following the announcements, gold futures fell more than Rs 900 at 1.84% and is currently trading at Rs 48,430.
Nirmala Sitharaman also mentioned that the NH between Kolkata and Siliguri that runs along the length of the state of Bengal would be strengthened and broadened.
Asked to rate the budget, Virmani said: "It’s one of the outstanding budgets. I look for one big idea and a number of supporting reforms. The big idea in this Budget is framework for strategic sale."
The Finance Minister reiterated Modi government's vision of doubling farmers' income.
He told Money9 that although he feels the Budget scored on most parameters, it does not have anything substantial for startups.
Finance Minister Nirmala Sitharaman has proposed a push in capital expenditure with Rs 5.54 lakh crore being allocated.
Currently, an individual can invest up to 12% of basic salary (including dearness) in EPFO. But through voluntary contribution, this limit can be increased to 100%.
A Money9 Budget Conclave panel discussion hosted by Priyanka Sambhav and featuring Shweta Jain, Founder, Investography, Surabhi Marwah, Gauri Chadha, founder and CEO, Gauri Chadha & Associates, Surabhi Marwah, EY, Partner- Tax, discussed the good, bad and ugly of the budget.