Expect an anti-rich Budget 2017; realty buyers should watch out, says Ambit

A recent report by Ambit capital suggests that Budget may be focussed on black money crackdown'

The Union Budget this year seems particularly important in the aftermath of the India’s biggest decision of 2016 – demonetisation and preceding elections in  UP. A recent report by Ambit capital suggests that Union Budget is likely to be focussed primarily on reinforcing the ‘black money crackdown’ theme with a secondary focus on delivering token payments to the poor as well as income tax cuts.
 
Even though it was a massive political success, it’s still unclear if the experiment worked for the government in its stated attempt to curb black money or raise the tax base by bringing a larger