16 January, 2021

Just Three Sure Shots: Debt, Taxes & Dogfood

A dejected earner, a vexed investor, a less than elated consumer. Who exactly are you?

Atul Loke
Just Three Sure Shots: Debt, Taxes & Dogfood
outlookindia.com
-0001-11-30T00:00:00+05:53
Taxing Takes
  • The increase in threshold limits will be offset by the additional one per cent rise in education cess
  • Senior citizens gain the most due to benefits like medical insurance and a new reverse mortgage product
  • Long-term capital gains tax remain zero for equity, but the bump comes through a higher dividend tax
  • Ban on forward trading in wheat and rice to curb prices; a panel to look into a possible ban on such trading of all food items
  • Peak import duty cut to 10%, which may bring down prices
  • Hints that a new Income Tax Code will be introduced in Parliament this year; that’s why the FM didn’t tinker with existing tax rates
  • The expected reduction in corporate tax rate didn’t happen; industry not happy

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How exciting is the monthly family meeting when the next month’s budget is decided. What, there is no such meeting? You have a family conference on money only when some...
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