Union Budget 2020-21: A Good Day for Double Income - Views on News from Equitymaster

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Union Budget 2020-21: A Good Day for Double Income

Feb 1, 2020

The stock market has given a thumbsdown to the Union Budget 2020.

This is indeed not the 'stimulus' Budget the market was hoping for amid turbulent times. The Sensex ended down over 980 points (2.4%) today. Ahead of the Budget, the Sensex was up 150 points.

The sell-off was seen largely on account of disappointment about the tax incentives.

Neither the long-term capital gains tax nor the taxation for foreign investors and higher income groups were touched.

Also, in a contrast to a decade old tradition of providing higher tax sops on housing loans and insurance, this Budget almost killed such exemptions.

In fact, taxing dividends in the hands of the investor is likely to lead to a bigger tax outgo for large investors.

In all, the Union Budget for the year 2020-21 may not be hailed as hugely reformist. But fair to say that the finance minister hasn't harmed her and the Government's reputation either.

Let's move on to the all-important question. Now that the budget is out, should there be a marked change in the way an investor should go about investing?

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