Budget 2013
was much awaited, however it did not excite investors as there was
nothing much for them. It was a flop show for investors considering they
had high expectations from finance minister(But you cannot expect much from Chindu (this time considering he is slideline by top guys in Congress and I hope it will be his last budget also) but I consider him to be above average FM delivered by Congress till now this according to me was one of his not so best budget. Here is a quick summary for
things which you should know
A) No Change in Tax Slabs (It's good news to middle class but could have done better to include around 80% of people who don't pay taxes with some innovative approach)
B) Inflation Linked Bonds to be introduced
C) Claim upto Rs 2.5 lacs as tax exemption if home loan less than Rs 25 lacs in 2013-14 this is for
only first year only and new loans only..:( (something is better than nothing)
D) Service tax to be levied on AC restaurants of all kinds (My hotel bill will be increase atleast few times in year, if you eat lot out special in AC rest. bad news for you
E)1% TDS on Real Estate Sale of Rs 50 lacs-This clause is on not much use i guess as most of the Black money in India is only i real estate sector one more reason for common people to under value property and pay less.
F)RGESS first time investors income limit increased to 12 lacs
G). Reduction of STT on Derivatives , ETF’s and Mutual Funds-Though good news for traders but if you are commodity trade than CTT is introduced.
H) Mobiles, High end SUV car’s are expensive--Bad news to people who wish to buy SUV sometimes soon.
What do you think about this budget? Apart from these there are lot of other updates as well, but I think these 10 points are enough to know for investors.
A) No Change in Tax Slabs (It's good news to middle class but could have done better to include around 80% of people who don't pay taxes with some innovative approach)
B) Inflation Linked Bonds to be introduced
C) Claim upto Rs 2.5 lacs as tax exemption if home loan less than Rs 25 lacs in 2013-14 this is for
only first year only and new loans only..:( (something is better than nothing)
D) Service tax to be levied on AC restaurants of all kinds (My hotel bill will be increase atleast few times in year, if you eat lot out special in AC rest. bad news for you
E)1% TDS on Real Estate Sale of Rs 50 lacs-This clause is on not much use i guess as most of the Black money in India is only i real estate sector one more reason for common people to under value property and pay less.
F)RGESS first time investors income limit increased to 12 lacs
G). Reduction of STT on Derivatives , ETF’s and Mutual Funds-Though good news for traders but if you are commodity trade than CTT is introduced.
H) Mobiles, High end SUV car’s are expensive--Bad news to people who wish to buy SUV sometimes soon.
What do you think about this budget? Apart from these there are lot of other updates as well, but I think these 10 points are enough to know for investors.
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