Tax relief should target pre-packaged term and health policies, ensuring availability to seniors and those with impaired health, thereby reducing their costs
Market pundits also expect some changes in the tax treatment of gains arising from trades in the futures & options (F&O) segment
Expectations (as measured by pre-budget equity market performance), wrote analysts at Morgan Stanley in a note, are important in determining what the market does immediately after the budget
Capital gains taxes can range from 10 per cent to as high as 30 per cent, depending on the holding period, which spans from one to three years
The ace fund manager was reacting on 'X' to a Business Standard story that quotes a Reserve Bank of India (RBI) data on gross FDI flows into the country in FY24
All eyes now on how the govt manages its finances
Nonetheless, lower tax rates mean a direct push to earnings and so to their return ratios, and hence more room for valuation re-rating
The condition being that the Indian assets should exceed Rs 10 crore and represent at least half the value of all assets held by the foreign investor