A common question asked by the great Indian middle class when it comes to the India budget. The ultimate birthday gift for the country. They wait with bated breath to see what goodies the government has in store. The blog is a journey into the minds of the people who keep the country's economy ticking.
Since independence, numerous developments and reforms have shaped the Indian economy through Union Budgets. It has always evoked a sense of trepidation for various reasons which were discussed in the run up to the budget speech. We take a look at the various budgets over time and how they shaped the change in India over the last 75 years.
The article gives you a snapshot view of the impact on personal income tax for an investor.
Key components are the taxation on virtual digital assets, bonus and dividend stripping, the new surcharge on capital gains and some other notable actions.
