Some investment-related reliefs have been provided in this budget. The main one is that e-gold receipt conversion will not attract capital gains on this investment. Also, TDS for Senior Citizen Savings Scheme has been reduced to 20 per cent.
Business Desk, New Delhi. The budget for the financial year 2023-24 has been presented. Investors had high expectations from this budget. Although it was a mixed budget, in which investors were given relief in some cases, while in some cases difficulties were also increased for them. Let us know whether the investors got relief or pain.
relief for investors
Some investment-related reliefs have been provided in this budget. The main one is that e-gold receipt conversion will not attract capital gains on this investment. Also, TDS for Senior Citizen Savings Scheme has been reduced to 20 per cent. Apart from this, an interest rate of 7.5% has been announced on Mahila Samman Savings Letter Scheme.
difficulties faced by investors
Investors investing in property may face difficulties. The capital gains exemption on the purchase of a house has been capped at Rs 10 crore. Apart from this, if the premium of the policy taken on or after 1 April 2023 is more than 5 lakhs, the income received from it will also be taxed.
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