Over the past few days post-Budget 2024, experts, media, investors have all been scrambling to understand the implications of Budget 2024. Different opinions, narratives also fuelled some confusion about the tax impact on certain instruments. Finally, the dust seems to have settled. To keep it as simple for the readers, I have summed up the capital gains tax table on the broader instruments.
With all the capcophony around the tax implications of Budget 2024, investors should avoid taking knee-jerk reactions. While it is important to evaluate the options, investors should remember that investing goes beyond minimising the tax impact. Any investment decision cannot primarily be taken keeping taxation in mind. Considering a bird’s eye view of how every investment fits in the total asset allocation of the portfolio is the most prudent way to create long term wealth.