ELSS should be offered more tax incentives. Also the differential tax treatments that are given to various investment instruments need to be corrected.
Government should take various measures to ensure increased penetration of health insurance in India.
Budget comes at a time when the public sector banks are facing the problems of non performing assets and the investments have slowed down.
Tax benefits may create awareness when it comes to property insurance, a category most individual insurance buyer neglect.
While this will not make debt funds on par with equity as equity funds have a holding period of only 1 year to qualify as long term this will go a long way in making debt funds more retail friendly.
If the current budget recognizes and rectifies this anomaly, it would give a huge fillip to the ETF industry, particularly the fixed income ETF
With India emerging as a bright spot in today's global economy, the focus will now be on our national fiscal deficit. Finance Minister would draw some roadmap for long-term stable growth, to increase the tax-GDP ratio, while ensuring that India remains a bright spot and attractive to the rest of the world.
Service tax on health insurance should be removed and tax exemption on health insurance should be hiked.
Union Budget 2016 should offer more tax incentives for home loans, mutual funds and NPS
Be it the tax deduction available for housing loan interest or the investment limit under section 80C, there is a need to increase tax sops.
One of the most awaited events of the year, Union Budget 2016-17 is expected to metamorphose the country‘s real estate landscape from its current recessive state to a progressive sector.
One may be a participant belonging to any industry but eventually we are all stake holders in the same economy. If the Indian economy grows faster there will be multiple tailwinds to every sector.
Equities as an asset class have emerged as a preferred asset class for retail investors. However, there has been no sustainable policy in the past to promote and sustain the equity cult.
Common man has high expectations from the union government. Union Budget 2016 should offer some solace to the common man.
Be it the rate at which the short term capital gain is taxed, or the differential treatment a debt security and a debt mutual fund gets, such anomalies should be removed by Union Budget 2016, says Union KBC MF.
Government has announcement many intitiatives for affordable housing sector so far. However it requires funding in the form of equity and debt capital. Union Budget 2016 can incentivise investments in affordable housing.
The government has undertaken multiple initiatives to drive digital cash usage within the economy. Upcoming Union Budget 2016 should spell out some incentives for digital cash.
Key pre-budget expectations for the manufacturing sector from Anil V. Pillai, Director, Terragni Consulting for SMEs & MSMEs
Among many expectations from finance minister, payments from insurance policies should be free of tax. Union Budget 2015 should extend more support to insurance sector in the form of enhanced tax incentives.
The Union Budget 2016 is being awaited with a lot of expectations both in India and internationally with major institutions calling India to be the next biggest growth engine. With the GDP growth projections on the rise and all eyes on India, it is very crucial that the government focuses on the key issues that will strengthen the Indian economy.
Union Budget 2016 should introduce changes in direct tax, indirect tax to ensure that all stakeholder benefit. Also some tax rules should be amended to improve business functioning.
Market experts suggest the short-term trend seems to be cheerful as against the medium-term trend.
We expect increased push in the budget towards creating a universal healthcare ecosystem built on facilitating healthcare financing, instead of investing on its own healthcare facilities.
Union Budget 2016 should introduce some measures that should offset the deductions which will be withdrawn.
Union Budget 2016 can offer various tax incentives to mutual funds in order to expand financial inclusion programme.