Union Budget 2019 - Mrin Agarwal, Financial Educator, Money Mentor, and Founder of Finsafe India

"There are no major changes in individual taxes in Budget 2019 as a slew of measures had been provided in the interim budget earlier this year.

The budget has increased taxes for the super rich but no steps are being taken to increase the tax base. The tax benefits for electric vehicles and affordable housing augur well for citizens. The proposals on ease of living like one nation one card, prefilled ITR forms, use of either PAN or Aadhar card for IT filing are commendable.

For investors, the move to increase minimum public shareholding to 35% would mean more liquidity and stocks available for investment, which may not have been the case earlier. CPSE ETF being provided ELSS type tax benefits does not offer anything new to investors given the number of diversified and well performing ELSS schemes already present."

Source : Equity Bulls

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