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Investments may look different now! courtesy: Budget 2018
Published On , 23 Feb 2018 By TT Connect
Much like a physician, the government gives a timely dose to the economy and general public every year in its union budget. let’s look at all the budget 2018 announcements that could affect your investments
BITTER-TASTING PILL: CAPITAL GAIN BONDS Pre-Budget: Any Long-term Capital Gains (LTCG) earned by selling capital assets like gold, plant, machinery, property, etc. can be Tax-exempt if you invest the gains in certain Bonds with a lock-in of 3 years
Budget Dose: The LTCG will be Tax-free only if you earn the gains by selling immovable property like land and building. Also, the Bonds now have a lock-in period of 5 years
Impact: Tighter Tax rules; lesser Tax exemptions
SPECIAL TABLETS FOR WOMEN: EMPLOYEES PROVIDENT FUND (EPF) Pre-Budget: Both employees and employers contribute 12% of the employee’s salary to EPF
Budget Dose: Women will now contribute only 8% to EPF in the fi rst 3 years of their employment. Employers continue to contribute 12%
Impact: Higher takehome salary for women employees
HIGHER MEDICAL BILLS: SIP Pre-Budget: No Tax on LTCG from selling SIP and Dividends distributed by SIP Funds
Budget Dose: 10% Tax on LTCG from selling SIP if gains exceed Rs.1 lakh, grandfathered until January 31, 2018. Also, Dividends from SIP Funds attract 10% Dividend Distribution Tax (DDT)
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