This Budget is important for the market as we look forward to a good amount of infrastructure capex from the government. Meanwhile, withdrawal of long term capital gain tax and reduction in corporate tax would cheer the market up, feel analysts. "Withdrawal of long-term capital gains tax would be cheered by the market. In Budget 2015, the government had promised to bring down the corporate tax rate from 30% to 25%. "Simplification of taxes may still be done in some areas but to reduce corporate tax directly, which is 65% of direct tax collection, looks difficult this year," he added.

Source: dna July 03, 2019 23:37 UTC