🔰 Emphasis was on to create uniformity in taxation on all assets as it is in many developed countries and tweak it marginally upwards. All listed financial assets as Long Term if held for more than 1 year, non-financial Asset will be considered long-term if held for more than 2 years.
🔰Exemptions available to shareholders for buy-back of shares have been withdrawn. It will be treated as deemed a dividend going forward.
🔰 Raising STCG to 20% and LTCG to 12.5%: We may see some reactions coming in from the markets in the short term, But BUDGET push for fiscal discipline and growth is a POSITIVE.
🔰 Rural push and employment generation was a positive for FMCG companies. Stocks like ITC, Tata Consumer were up 4%-5% today, which helped frontline Indexes gain the lost ground.
#SNMA.
