Budget 2024 Explained

"it's very difficult to expect that there will be reduction in taxes honestly there might be some shops there might be but I don't think there is a ma there can be major relief in the taxes"

"middle class people have nothing expect this budget"

"it's a bullet which I don't think so any government has the courage to bite in this country to be very honest"

"this doesn't reduce the price inrease the price"

"Bond deals any which ways are expected to ease off with so much of inflows coming from JP Morgan Bond inclusion and Bloomberg Bond inclusion and so on and so forth"

"the biggest implication is their borrowing cause might come down over a period of time"

"I don't think so it will be projected below 5.1 5.1 is a great number honestly if they stick to that number it's a great number"

"you think because of what happened in the election they made some quick changes in the of course if you are not giving them the portfolio or a good profile in your cabinet at least you need to give something to the state yeah"

"there would be some more project coming up because they have in allocated th000 CR to space sectors so there are few listed companies in that sector might be benefited"

"this is good for the market very good for Market because you are Prudence when you're spending you are also controlling that that's you don't overrun on the budget so this was a target for 26 so this is one year ahead they are targeting that we'll achieve that 4.5 25 itself and not 26 so that's huge so markets will rally"

"you might see some profit booking because people can pay taxes at lower rates booking of profits and then deploying back is a very very common strategy if you can book some short-term gains at 10% rate right you might as well book it right now rather than booking it later and paying appliable from which month uh so the finance bill will get passed and my sense it should be applicable 1 of August I'm not pretty sure on on on what so fast it will get implemented it should this is the budget session going on right now so it will get discussed in next 24 hours if it's discussed in fact it starts from first of April but we are Midway in the financial year so that means there be a lot of selling to book profits at a lower tax that is what you're perhaps seeing in the market people are trying to book profits so that they pay at a lesser tax rate you can book your long-term gains pay 10% and come out and and whatever you we might just want to call it grandfathering you can just grandfather your gains out there and you book your they hold it Beyond August 1st then if they sell it they'll have to pay half person so they're like I'll just pay 10% now and then reinvest in the market"

"but people are making huge profits they will get penalized more"

"once a thing has come into the GST net it's very difficult for it to go out so if insurance premium have come into the GST net it won't very tricky job"

"if you are earning upwards of 30 lakhs perom I would say that we are going to spend a little bit more money in terms of paying taxes primarily because of the ltcg that has been imposed true right it really impacts people who are high earners in this country but if you're somebody earning less than 15 lakhs and all I would say net net they're going to make extra positive yeah positive"

"if fi is putting money and uh taking bat on you as India they will see all this number so more fi flow will come and all that thing"

"I can see that the more you developed and more and more people will come into that us rout yeah so you will come to 15% or 20% all that thing"

"you can see in 2 to 5 years old regime might be faced out and that will be only new reg"