ilmscore | Prediction Details
"Governments do take tough decisions in the first year itself of coming into Power that's what we had seen in 2019 as well tough as which may or may not be liked by retail individual investors so an example could be a tax hike okay but would that really come into reality not sure again on that too early to speculate on things many people were saying that ltcg cut 10% say they they'll you know come into normal whatever we call normal income slabs I really doubt whether that is going to happen or not because even the government feels is what my understanding is that they also believe that yes Indian Capital markets may retail participation has just started there is there is still a long way to go and I think the government would also want to encourage retail individual investors to come into the market to stay in a stock or in an index for a longer index as in index mutual funds or it could be in the form of ETFs they would want to stay invested in a specific stock or whatever for more than one year so discouraging long-term Capital discouraging long-term investment by increasing the tax rate on long-term capital gain I don't feel that really makes sense right"
By CA Rachana Phadke Ranade | June 13, 2024 | Pending
From video
Sectors to lookout for | Banking | FMCG | Pharma and Healthcare | IT | Auto | CA Rachana Ranade 00:06:47 - 00:08:10
Interpreted Prediction
The upcoming budget might see tough decisions, potentially including tax hikes, which could affect retail investors. However, the speaker doubts a hike in Long-Term Capital Gains (LTCG) tax, believing the government wants to encourage long-term retail participation.

Prediction Details

Topic
Government Budget Impact

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