Budget 2018: Prabhudas Lilladher expects corporation, income tax rate cuts

In Union budget 2018 farm loan waiver/subvention a possibility as a boost to affected areas in rural India and sops for agriculture

Finance Minister Arun Jaitley will be presenting Budget 2018 in Parliament shortly today. This will be his fifth and the Narendra Modi government’s last full Budget in the present term.

Here are the details of broking firm Prabhudas Lilladher’s Budget 2018 expectations:

• Fiscal deficit likely to be higher than the estimated 3.2% of GDP in FY18 on lower growth and reducing the same will be a challenge in FY19, unless we see an increase in GDP growth.

• Expect to see a roadmap for reduction in corporate tax rates and personal income tax for lower income