Budget 2024: Top 5 Hits to the Indian Stock Market by FM Nirmala Sitharaman
Hike in Capital Gains Tax
: Higher rates for long-term investments, reducing investor returns.
Increase in Corporate Tax
: Raised corporate tax rates, squeezing company profits.
Dividend Distribution Tax (DDT) Reinstated:
DDT reintroduced, making dividends less appealing to shareholders.
Tax on Share Buybacks
: New tax on share buybacks, deterring companies from returning capital to shareholders.
Higher STT (Securities Transaction Tax)
: Increased STT rates, raising the cost of trading and affecting liquidity.
Introduction of Wealth Tax
: Wealth tax on high-net-worth individuals, impacting investment strategies.
Reduction in FDI Limits
: Lowered Foreign Direct Investment limits in certain sectors, potentially decreasing foreign investment.
Enhanced Compliance Requirements
: Stricter compliance regulations, increasing operational costs for companies.
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