Gautam Mehra
PwC India
The positives for Mutual Funds from the Budget Speech include a reduction of STT rates for Equity Oriented Funds and liberalisation of the Rajiv Gandhi Savings Scheme. The concerns raised by the industry around taxation of securitisation trusts and parity of DDT rates in Infrastructure Funds appear to be have been addressed, while the requests around tax exemption on scheme mergers and safe harbour rules for onshore fund management do not seem to have been accepted. Get full Budget coverage:
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
