This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
...for others it would be an incentive to participate more robustly in equities and other tax instruments.
Thus far in 2017-18, FIIs and MFs have invested Rs 198.91 billion and Rs 1,119.49 billion in the Indian equity markets. Of this, around Rs 152.46 billion has come in January alone.
An argument used for removal of this exemption is that it is used to launder black money and bring it in as clean tax paid money by manipulating the price of less liquid shares in the market, says Harsh Roongta.
'That Modi and the BJP can continue to treat the rising and expanding middle class this way shows that they have gamed its mind quite perfectly,' argues Shekhar Gupta.
'The government's projections for 2019-2020 will be disappointing big time.'
I would advise at least a 7 year investment time frame for Equity Investing
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
Provisions of long-term capitals gains tax is now applicable after only two years.
Higher levy on dividends earned by individuals also on radar.
Sebi imposed trading restrictions on 33 entities.
Sebi has also been asked to put in place a mechanism to monitor the beneficial owner of P-notes
Right steps you can considerably reduce the tax outgo.
Sandeep Shanbhag, a chartered accountant and director of Wonderland Consultants, a tax and financial advisory firm, discussed the impact of Budget proposals in a chat with Rediff.com's readers.
With a focus on direct, indirect, and corporate tax structures, the Budget 2016-17 offers a balanced taxation structure
Smart investors fine tune their investments as per the Budget announcements to make the best possible use of tax deductions and other sops.
The Budget touches a few highs and lows as far as personal finance is concerned, and one needs to be aware of them in order to optimise on one's investment plans.
In a live chat on rediff.com held on Friday, July 11, well-known equity specialist Devang Mehta discussed what effect the Budget will have on the stock markets -- from how NOT to lose money in the markets to which are the safest stocks.
Real estate sector cheers reforms in the Budget.
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