Budget session on saturday seems to become a dud as far as stock market is concerned. The Government is in no mood to give stops as expected by the stock markets.
Some predictions
Individual income tax rates will surely be revised to ensure that anybody earning less than 10 lakhs need not pay income tax. This will not be through direct change of slabs but by increasing incentives u/s 80C and 80D
Subsidy through PMAY may be extended to all kinds of house purchased/ built under 50L
Expectation of halving the MAT rate for infrastructure companies may not happen.
Real estate companies may get one more small dose of help to sell their unsold stock of flats.
Investment in CPSE ETFs, and CPSE Bond funds may get tax exemptions.
An incentive may be announced to businesses to employ more people. Here the catch would be that the business has to register for ESI and EPF to qualify for those incentives.
Dr. Anilkumar Garag
