- Language
- App
- Subscriptions
- Specials
- Sign-In
- Register
- Logout
 |
 |
 |
Budget Speech & Headlines
-
08:15 am | News
-
12:45 pm | News
-
06:16 pm | News
-
04:41 pm | News
Budget 2017: Do you know these changes in income tax return filing process?
-
01:19 pm | News
Union Budget 2017-18: Woos foreign investors in PE & VC, some uncertainties in the way
-
02:56 pm | Impact
Govt trying to expand airport capacity over next 10-15 years, with participation of private sector
-
02:09 pm | Impact
Countervailing duty on machinery for renewable energy cut to 6%
-
01:44 pm | Impact
Govt hikes excise duty on various lengths of cigarettes by 2.5% & 6%
-
01:32 pm | Flashes
Deemed rental taxation relaxed for 1 yr for builders holding stock in trade, says KPMG
-
01:27 pm | Flashes
Deemed rental taxation relaxed for 1 yr for builders holding stock in trade, says KPMG
-
01:24 pm | Flashes
FIPB may be phased out by 2017-18. New FDI policy under consideration, says KPMG
MARKET ACTION
-
Popular Commodities
Name Price %Change OI
Income Tax Impact
Pick Your Profile, Check Your Taxes
SME
"Union Budget 2017 proposed to offer many benefits on small and medium enterprises (SME) in the country. Income tax on companies with annual turnover of less than Rs 50 crore per year has been reduced to 25% from the earlier 30%. The lending target for Pradhan Mantri Mudra Yojana (MUDRA) has been doubled to Rs 2.44 crore for FY2017-2018.Finance Minister Arun Jaitley also decided to continue the preferential taxation announced last year. Under the scheme of presumptive taxation, 8% of the turnover is counted as income in case of the taxpayers’ turnover is less than Rs 2 crore. As per new proposal this is brought down to 6% for the turnover received by non-c.."
Pick Your Profile, Check Your Taxes
BROKER
"Finance minister did not change the existing definition of tax on long term capital gains on stocks. This came as a big relief for the investing community. The expectations for the lower costs in terms of removal of Securities Transaction Tax (STT) and Commodities Transaction Tax (CTT) did not meterialise.Union Budget 2016 also had some positives that saved the day for the brokers. Finance Minister Arun Jaitley announced that the commodities markets require further reforms for the benefits of farmers. An expert committee will be constituted to study and promote creation of an operational and legal framework to integrate spot market and derivatives market fo.."
Pick Your Profile, Check Your Taxes
INVESTOR
"Budget 2017 triggered a relief rally on the bourse as investors rejoiced the government’s decision to retain the existing provision on long term capital gains tax exemption on stocks. During the run up to the Budget there was talks that the government was considering increasing the holding period for LTCG for tax exemption from 12 months to 36 months.On another front, Finance Minister Arun Jaitley reduced the time period required to qualify for the long term capital gains on property from 36 months to 24 months. The Finance Minister has also announced the abolition of Foreign Investment Promotion Board (FIPB). This is seen as a big positive in the form of.."
Pick Your Profile, Check Your Taxes
SALARIED PERSON
"Hopes of salaried individuals for major tax relief were belied by the Finance Minister, Arun Jaitely, as the budget offered minimal benefits. Jaitley proposed to reduce the existing rate of taxation for individual assesses having income of Rs 2.5-Rs 5 lakh to 5% from the present rate of 10%.Alongside, the Finance Minister proposed to levy a surcharge of 10% of tax payable on individuals whose annual taxable income is between Rs 50 lakh and Rs 1 crore. The Finance Minister, however, decided to cap the rebate benefit to Rs 2,500 to assesses up to Rs 3.5 lakh to avoid the duplication of benefit. This means that an individual earning up to Rs 3 lakh per year ne.."
Pick Your Profile, Check Your Taxes
STUDENT
"Finance Minister Arun Jaitley announced ‘Youth’ as the focus area for his budget for the FY2017-2018. A slew of announcement indicating higher investments benefitting younger population of India in the sector such as education and skill developed should be a big positive aspect of this budget.Quality education remained the pillar of the proposed policy in Budget 2017. Finance Minister announced, “We propose to leverage information technology and launch SWAYAM platform with at least 350 online courses. This would enable students to virtually attend the courses taught by the best faculty; access high quality reading resources; participate in discussion .."
Pick Your Profile, Check Your Taxes
SENIOR CITIZENS
"Finance Minister Arun Jaitley offered Aadhar based Smart cards containing health details to the senior citizens. A scheme offering 8% guaranteed pension by LIC is the only other thing that the senior citizens could take home in Union Budget 2017. The details of the scheme will be announced by LIC soon.The senior citizens had high hopes from the Union Budget 2017. However most expectations did not materialise. There was a hope of a hike in health insurance tax benefit to Rs 50,000 for senior citizen. There was also expectation of tax sops under Section 80C of the Income Tax Act..."
Pick Your Profile, Check Your Taxes
HOME MAKER
"Taking constructive steps for betterment for women and homemakers, Finance Minister Arun Jaitley announced preferential treatment for MUDRA loans or the higher allocation to ICDS Anganwadi centers.
The Finance Minister announced that Mahila Shakti Kendra will be set up at village level with an allocation of Rs 500 crore in 14 lakh ICDS Anganwadi Centres. This will provide one stop convergent support services for empowering rural women with opportunities for skill development, employment, digital literacy, health and nutrition. The budget highlighted the nationwide scheme for financial assistance to pregnant women announced by the Prime Minister on December 31.."
Pick Your Profile, Check Your Taxes
BUSINESSMAN
"Finance Minister Arun Jaitley offered Aadhar based Smart cards containing health details to the senior citizens. A scheme offering 8% guaranteed pension by LIC is the only other thing that the senior citizens could take home in Union Budget 2017. The details of the scheme will be announced by LIC soon.The senior citizens had high hopes from the Union Budget 2017. However most expectations did not materialise. There was a hope of a hike in health insurance tax benefit to Rs 50,000 for senior citizen. There was also expectation of tax sops under Section 80C of the Income Tax Act.Due to slow economic recovery in India and demonetization in the last quarte.."
Expert Column
Balwant Jain
Company Secretary
Bombay Oxygen
-
Budget Day intraday advance decline
Advance: 1424Decline: 1391 -
Where will the sensex close Today?
chat
Harshvardhan Roongta
CFP , Roongta Securities
(16 Mar, 2017, 16:00hrs)
Financial Planning and Asset Allocation
Upcoming Chats
Prakash Gaba
prakashgaba.com | 17, Mar, 13:30hrs
Ajay Jain
www.astromoneyguru.com | 20, Mar, 14:00hrs
Budget Action
Sector Impact
Select sector to see impact
01 Feb, 2017, 14:56
| Larsen | 1548.90 | -9.20 |
| Adani Ports | 310.30 | 1.05 |
| Siemens | 1254.30 | 1.80 |
| BHEL | 166.90 | 5.55 |
01 Feb, 2017, 13:44
| ITC | 268.20 | 1.10 |
| Godfrey Phillip | 1258.70 | 181.45 |
| VST | 2635.10 | -37.20 |
| Kothari Product | 192.40 | 1.80 |
01 Feb, 2017, 13:19
| UltraTechCement | 4017.45 | 18.50 |
| Shree Cements | 16394.30 | -4.05 |
| Ambuja Cements | 233.00 | -0.70 |
| ACC | 1420.40 | 5.00 |
01 Feb, 2017, 12:52
| DLF | 146.40 | -0.20 |
| Future Retail | 267.70 | 2.75 |
| Oberoi Realty | 344.95 | -2.35 |
| Aditya Birla F | 148.75 | 1.35 |
01 Feb, 2017, 12:52
| Future Retail | 267.70 | 2.75 |
| Aditya Birla F | 148.75 | 1.35 |
| Trent | 241.30 | -1.80 |
| Future Life | 214.15 | 7.30 |
01 Feb, 2017, 12:49
| Quess Corp | 680.05 | 0.65 |
| LG Balakrishnan | 581.55 | 6.40 |
| Shanthi Gears | 108.40 | 2.50 |
| Ion Exchange | 21.10 | -0.85 |
01 Feb, 2017, 12:44
01 Feb, 2017, 12:38
| Bombay Rayon | 152.75 | -3.40 |
| Garware Wall | 677.60 | -7.85 |
| Sutlej Textiles | 812.85 | -4.80 |
| S P Apparels | 444.40 | 6.65 |
- Govt committed to double farmer income in five years
- Govt committed to double farmer income in five years
- Govt will take steps to make sure farmers get better prices for harvest
- Long-term irrigation fund set up in NABARD, additional corpus Rs 20,000 cr
- Govt to set up dairy processing fund
- Govt to achieve 100% rural electrification by May 1, 2018
- Govt to create innovation fund for secondary education
- Govt to undertake reforms in UGC to improve higher education
- Govt to undertake reforms in UGC to improve higher education
-
166.45 5.05 (3.13%)
BHEL gains 4% as 800 MW thermal power plant starts commercial operation
-
10235.90 10,235.90 (0.00%)
-
35.80 0.15 (0.42%)
Whats Cheaper / Costlier
Budget Reactions
Reaction on : Corporate Tax | Fiscal Deficit | GST
Piyush Goyal
Minister of Power and Energy | Government of India
This is a growth-oriented Budget which has ensured that almost nobody is stressed with any additional taxes.
The Budget is strong on reforms, fiscal numbers and macroeconomic parameters. It will boost the rural and agriculture sectors.
By and large a fairly routine Budget in the sense there are number of expenditure items which are indicated but there are not been much changes on the revenue side. Happy that the fiscal deficit is maintained at 3.2 percent.
Reaction on : Corporate Tax | Fiscal Deficit | GST
Adrian Mowat
Chief Asian & Emerging Market Strategist | JP Morgan
A very workmen like Budget. Got some clear indications about how to broaden the tax base in India, developments around improving transparency, efficiency, these are all good things.
Reaction on : Corporate Tax | Fiscal Deficit | GST
Madhu Kela
Chief Investment Strategist | Reliance Capital
The property long-term capital gain tax has been reduced to two years but one has to read the fine print.
A good Budget, has done a lot for housing and for rural development. Disappointed with no announcement on corporate tax.
There needs to be a big impetus on job creation, especially startups.Sectors such as housing can be crucial to migrant labour and create job opportunities.
Reaction on : Corporate Tax | Fiscal Deficit | GST
Govindrajan Chellappa
MD & Head of Research Ind | Jefferies
There could be likely tinkering of personal tax where the minimum slab for individual?s could be increased but unlikely that changes would be made to indirect taxes.
Reaction on : Corporate Tax | Fiscal Deficit | GST
Hiren Ved
Director & CIO | Alchemy Capital Management
The markets won?t take it lightly if a tax burden is imposed on Long Term Capital Gains.
Reaction on : Corporate Tax | Fiscal Deficit | GST
James Sullivan
Head APxJ Equity Research | JP Morgan
Govt might look at moving fiscal deficit to 3.3 percent. Positive on Indian equities - financials and infra. Wary of healthcare, IT.
Vikram Hosangady
Partner and Head - Deal Advisory | KPMG India
Rubi Arya
Executive Vice Chairman | Milestone Capital Advisors
Gaurav Choudhury
Economy Editor | Moneycontrol
budget and the market
-
-
-
-
-
Vikas Khemani
CEO - Wholesale Capital Markets
Edelweiss Financial Services -
| company/Action | price | Change |
|---|---|---|
| 109.10 | 6.10 | |
| 112.90 | 9.85 | |
| 244.55 | 14.20 | |
| 334.00 | 20.90 | |
| 163.50 | 2.95 | |
| 957.50 | 4.30 | |
| 1020.35 | 48.65 | |
| 244.55 | 14.20 | |
| 123.00 | 0.15 | |
| 291.35 | 11.45 |
- Reduce existing tax rate for income of Rs 2.5-5 lakhs to 5% from 10%, says FM
- Peg fiscal deficit for 2017-18 at 3.2%, in-line with market expectations, says FM
- Net borrowing limited to Rs 3.48 lk cr, says FM
- Propose to make changes in capital gains tax for housing, says FM
- Propose carry-forward of MAT to 15 years from 10 years, says FM
- Maximum cash donation receivable by political party from one source at Rs 2,000, says FM
- Govt raises allocation for MNREGA from Rs 38500 cr in FY17 to Rs 48000 cr in FY18, says FM
- Govt doubles lending target of banks to Rs 2.44 lakh cr
- Allocation of capital expenditure up 25% YoY, says FM
Jappreet Sethi
Co-Founder | YoStartups.com
Jappreet Sethi
Co-Founder | YoStartups.com
Harjot Singh Narula
Founder & CEO | Comparepolicy.com
Rajeev Kumar
Chief Financial Officer | Bharti AXA Life Insurance
G Muralidhar
MD | Kotak Life Insurance
Nityanand Prabhu
COO | LIC Mutual Fund
Nilesh Shah
MD | Kotak Mahindra AMC
sector reports
FLASHBACK
Budget key announcements
-
Budget 2016 recap: When Jaitley focused on Bharat
-
Budget 2015: Reform Based Focus
-
Budget 2014: Jaitley's Budget a 'UPA Plus'
-
VOA 2014: Excise duty for autos slashed; fuel subsidy cut
-
2013: FPI norms tweaked; 'super-rich tax' levied
-
2012: Tax slab changed, GAAR announced; RGESS launched
-
2011: MAT raised; aggressive divestment target outlined
-
2010: Tax slab changed; cash subsidies announced
-
2009: Stimulus announced post crisis; deficit soars
-
2008: Farm loan waiver announced; fisc at all-time low
-
2007: PAN made must for fin transactions
-
2006: FII limits boosted; social spending goes up
-
2005: Tax slab changed; FBT introduced
-
2004: UPA's welfare economics comes to fore
CLASSROOM
-
What is fiscal policy?
-
What is the Union Budget?
-
What is a capital budget?
-
What is plan and non-plan expenditure?
-
What is the Finance Bill?
-
What are direct taxes?
-
What impact does the Budget have on the market and economy?
-
What is a revenue budget?
-
What is a fiscal deficit?
-
What is the Central Plan Outlay?
-
What are indirect taxes?
Who is the only person to have presented annual and interim budgets whilst being both the Finance Minister and Deputy Prime Minister of India?
-
Manmohan Singh
-
Pranab Mukherjee
-
Morarji Desai
-
Charan Singh