 "Opinion")
The Budget sparked off a relief rally. It did not change the treatment of long-term capital gains tax in ways that would have a negative impact. It also promised to contain the fiscal deficit. It also contained several other positives in terms of beneficial changes and clarifications to tax codes. However, it is clearly an interim document. The projections would be somewhat suspect because there isn’t too much data from the second half and there is an impending goods and services tax (GST).
The error factors are larger than normal. Everybody must be braced for a messy shift of
The error factors are larger than normal. Everybody must be braced for a messy shift of
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