Budget ideas for Finance Ministry

These include overall hike deduction limit to Rs 3.5 lakh, extend LTA benefit to international trips

As North Block begun work on the Finance Bill 2017, ET Wealth reached out to experts from the financial services industry to know what they want to see in the coming Budget. 

Introducing a Retirement Demat Account (RDA) can provide flexibility. This is where different dematerialised investment instruments, such as stocks and mutual funds, can be placed. The investor can switch his money from one investment to the other without tax consequence.

Stocks and funds: Plug loopholes for better tax compliance

There is no tax on long-term capital gains from listed securities. People take advantage of this through structures in small-cap