What Budget 2021-22 means for India Inc

Economy


ECONOMY

– The big fiscal stimulus to support demand and economic recovery

– Rs 5.54 lakh crore capital spending and push to infrastructure to help revive investments

Budget Banner– Bad bank to address NPAs, allowing banks to focus on lending

– No direct help to stressed sectors could hit recovery, burden banks

INVESTORS & MARKETS
– No TDS on dividend payment to REIT/InvIT and lower treaty rates on dividends to FPIs to encourage investments

– MFs can see bigger inflows as tax rules rejig for ULIPs levels field

– Higher borrowing could raise interest rates, which in turn may hurt stock markets

BUSINESS

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– Asset monetisation and privatisation of non-strategic PSUs to create multiple opportunities

– Further changes in customs duty to make domestic manufacturing more attractive

– Startups get a year more to claim tax holiday and an additional year of capital gains tax exemption

CONSUMERS & TAXPAYERS
– Consumers could see many goods becoming expensive but get no tax relief

– Relief for taxpayers as past assessment can be opened only for up to three years

– Difficult to evade tax on capital gains and interest; prefilled forms to include details



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