The 2024 Union Budget brings mixed news for taxpayers. Here's a quick rundown:

• Salaried rejoice! Opting for the new tax regime offers significant benefits.
• Investing gets trickier. Capital gains tax exemption on equity investment increases, but long and short term capital gains tax see a rise, impacting the stock market.
• Tax relief! Standard deduction jumps from Rs. 5 lakh to Rs. 7.5 lakh in the New Regime.

Expert Talk: Dhiraj Relli of HDFC Securities believes the budget caters to all sectors, though the capital gains tax hike may cause a stir. He advises investors to:

• Seek clarity: Understand how the new tax structure applies to different assets.
• Get professional help: Invest through SEBI registered advisors for informed decisions.

Overall, a budget with sunshine and rain for different sections. Stay informed and adapt your investment strategy accordingly!

 

​For more details, watch the full video.