Government Unlikely to Tinker with Capital Gains Tax; Cyclicals to Maintain Market Leadership
There is a little bit of cushion with one trillion extra from the RBI dividend and maybe about half a trillion in terms of better revenue than what was forecast. So, there may be a little bit more for the farmers, there could be some tax concessions at th
Capital Gains TaxMarket LeadershipCyclicalsReal EstateDefence ProductionReal Estate NewsJul 19, 2024
Ved also expects the government to provide some relief to farmers and introduce tax concessions at the lower end, given the cushion of one trillion extra from the RBI dividend and half a trillion in better revenue than forecast. However, he does not see any drastic changes to the budget construct, which has been focused on capex, infrastructure, manufacturing, and defence production.
When asked about the likelihood of populist measures, Ved said that the government has been fiscally conservative in the past and is unlikely to deviate from this approach. He also expressed confidence in the long-term growth prospects of the real estate sector, which he believes is in the early stages of a long-term cycle.
In terms of portfolio strategy, Ved advises investors to focus on the cyclicals, which have been leading the market, and to be cautious about booking profits too quickly. He believes that the leadership in these sectors will continue for the next 7-10 years, with some corrections and rotations along the way.
Alchemy Capital is a leading investment management firm that provides a range of financial services to its clients. The firm is known for its expertise in Indian equities and has a strong track record of delivering returns to its investors.
Frequently Asked Questions
Will the government change the capital gains tax?
No, the government is unlikely to make any significant changes to the capital gains tax.
What are the key sectors that will drive growth?
The key sectors that will drive growth are infrastructure, manufacturing, and defence production.
Will the government introduce populist measures?
The government has been fiscally conservative in the past and is unlikely to deviate from this approach.
What is the outlook for the real estate sector?
The real estate sector is in the early stages of a long-term cycle and has significant growth prospects.
What is the recommended portfolio strategy?
Investors should focus on the cyclicals and be cautious about booking profits too quickly.
Related News Articles
Unlocking Opportunities in the Real Estate Insurance Market: Trends, Insights, and Projections
Discover the latest trends, challenges, and opportunities in the real estate insurance market, featuring key players, regional analysis, and market segmentation.
Pune Real Estate Market Sees 50% Jump in Registered Transactions, Average Home Price Reaches Record High
The number of real estate transactions in Pune has increased significantly, with registered transactions surging by 50% in the April-June 2024 quarter.
Haryana and Jammu & Kashmir Assembly Election Dates Announced by EC; Results to be Declared on October 4
The Election Commission of India has announced the dates for the Haryana and Jammu & Kashmir assembly elections. The polls will be held in a single phase on October 21, and the results will be declared on October 4.
Century Textiles Acquires 10-Acre Land in Mumbai for ₹1100 Crore, Expects ₹14,000 Crore in Revenue
Century Textiles plans to develop the land through its real estate subsidiary Birla Estates, expecting ₹14,000 crore in revenue from the project.
Virgo Daily Horoscope for September 14, 2024: A Temporary Setback in Assets and Real Estate Deals
Be cautious with real estate deals today, as a temporary decline in assets may occur. However, this setback will be short-lived.
DLF Q2 Earnings Skyrocket: Net Profit Surges to ₹1381 Crore
DLF, India's leading real estate firm in terms of market capitalization, has reported a remarkable surge in its Q2 net profit, jumping over twofold to ₹1381 crore. The company, primarily engaged in the development and sale of residential and commercial pr