HSL Mobile App Union Budget 2018 - 19
On Feb 1, 2018 Union Budget was presented by the Finance Minister Arun Jaitley. A few highlights being - Long term capital gains tax exceeding Rs 1 lakh in listed Equities and Equity Mutual Fund at 10%, No changes in personal income tax slabs, fiscal deficit of 3.3% expected for 2018-19.
Below are the Top Highlights of this budget & our reseach expert views on this Budget.
Highlights
Top Hightlights of Union Budget 2018 - 19
Monsoon Crops
Proposes to Ensure Cost Plus 50% for All Monsoon Crops
Under Sukanya Yojana 12.7 mln account
FM Jaitely says under Sukanya Yojana 12.7 mln account opened
Eklavya schools for ST population
FM says Eklavya schools to be started for Scheduled Tribe population
Need Rs 50 trln for infrastructure
FM says need investment of Rs 50 trln for infrastructure
Rs 2.04 trln for smart city mission
FM proposes Rs 2.04 trln for smart city mission
Provides Rs 5 lakh medical cover per year
Govt provides Rs 5 lakh medical cover per year to 10 crore families
Rs 20 bln for developing agricultural markets
To set up Rs 20 bln Agri-Market Development Fund for developing agricultural markets
Loans to self-help groups
Loans to self-help groups to rise to Rs 750 bn in FY19
600 mn bank accounts under Jan Dhan Yojna
600 mn bank accounts under Jan Dhan Yojna to provide micro insurance, pension
Proposes to give free cooking gas
Proposes to give free cooking gas connection to 80 mn households
Union Budget 2018 -19
Budget Reports for 2018 -19
Pre Budget Expectations 2018-19
The forthcoming Union Budget on Feb 01, 2018 will be the first post-GST and last full year budget of the current government before general elections likely to be held in May 2019 and expectations are therefore running high of what the budget can or should deliver.
The forthcoming Union Budget on Feb 01, 2018 will be the first post-GST and last full year budget of the current government before general elections likely to be held in May 2019 and expectations are therefore running high of what the budget can or should deliver.
Pre Budget Derivative Outlook
This note attempts to study the behavior of derivative indicators during the pre and post budget periods of the last few years and attempts to make a forecast for the market given that the 2018 Budget is due to be announced on 01 Feb 2018.
This note attempts to study the behavior of derivative indicators during the pre and post budget periods of the last few years and attempts to make a forecast for the market given that the 2018 Budget is due to be announced on 01 Feb 2018.
Impact of Union Budget 2018
A special technical report on Union Budget 2018 - Expected moves in Nifty & Sectors
A special technical report on Union Budget 2018 - Expected moves in Nifty & Sectors
Post Budget Analysis 2018-19
As expected, the last Budget (before the next general elections) presented by FM Mr Arun Jaitley focusses on key themes, namely Rural (Agriculture and allied activities), Health, Social Causes, Education and Infra, with the aim of providing ease for citizens living in India.
As expected, the last Budget (before the next general elections) presented by FM Mr Arun Jaitley focusses on key themes, namely Rural (Agriculture and allied activities), Health, Social Causes, Education and Infra, with the aim of providing ease for citizens living in India.
What is the budget proposal on LTCG for equities?
Any LT Capital gains made on equities on Exchanges is exempt till 31st March 2018. The Govt has now proposed 10% LTCG tax on gains made above Rs 1 Lakh.
When is the tax payable?
Since it is a Direct Tax proposal it will normally be applicable for the Assessment Year FY19-20 ( Financial Year FY18-19 ). In other words, the LT Capital gains, of over Rs 1 Lakh, made for the year FY18-19 will be liable to tax at 10%.
Does it mean that there is no LTCG for Assessment Year FY 18-19 (Financial Year FY 17-18)?
Starting 1st April 2018, all share market investors need to pay taxes on the profit they earn; both short-term investors and long term investors. If one holds shares for more than one year, he will be taxed at 10%, if the gains exceed Rs 1 lakh. Short-term investors will continue to pay 15% short-te...
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What is the relevance of the cut-off date of 31st Jan 2018?
The FM has proposed grand fathering of LT Capital gains upto 31st Jan 2018. Any incremental LT Capital gains after that will be counted as LT Capital gains for the new tax.
