Vikas Khemani, Founder of Carnelian Asset Management, points out the peculiarity of having both capital gains tax and Securities Transaction Tax (STT) in India. He suggests eliminating one tax to make it fairer. He also mentions expectations for a reduction in personal income tax and the importance of the fiscal deficit and capex spending in the upcoming Budget.
Market keenly watching if Budget could trigger mass market consumption: Sunil Subramaniam
Sunil Subramaniam, Market Expert, expects the Budget to focus on boosting consumer spending, particularly supporting those at the economic bottom. He predicts minimal tax changes,
January 23, 2025