Budget 2021 Markets Want More: Finance Minister (FM) Nirmala Sitharaman is going to present the union budget 2021 on 1st February 2021. When she will be standing to table the union budget, she will have to first address the damages done by the COVID-19 to the national economy and at the same time enhance the investment morale of the Indian millennials. Know here what could be the possible measures that would enable Sitharaman to make investments attractive for various Indian investors.

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Speaking on how Nirmala Sitharaman can make investment more attractive in the upcoming budget Deepak Jasani, Head — Retail Research, HDFC Securities said, "Post-COVID-19 pandemic, there is an urgent need for a booster dose to investments. For this, FM Sitharaman needs to make investment simple and it can be by making it a binding for the regulator(s). Investment process should be transparent and tax neutral."

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On the possible steps that can help achieve the above-mentioned objectives Jasani said, "By removing all surcharge and cess FM Sitharaman can make the investment sentiment tax neutral. Putting no further tax burden or containing the tax burden of the taxpayer has to be the prime focus of this budget. Giving insurance and mutual funds equal treatment in terms of income tax treatment should be one of the most important steps that FM should keep in mind while tabling the budget 2021."

Jasani went on to add that removing STT (Security Transaction Tax), giving rebate on the LTCG (Long Term Capital Gain), income tax benefit on infra bonds, etc. are some of the required steps that FM can announce to boost the investment sentiments.