Dividend earned on Real estate investment Trust (REIT) and Infrastructure Investment Trust (InvIT) will not be taxed.
Nirmala Sitharaman also mentioned that the NH between Kolkata and Siliguri that runs along the length of the state of Bengal would be strengthened and broadened.
Asked to rate the budget, Virmani said: "It’s one of the outstanding budgets. I look for one big idea and a number of supporting reforms. The big idea in this Budget is framework for strategic sale."
The Finance Minister reiterated Modi government's vision of doubling farmers' income.
He told Money9 that although he feels the Budget scored on most parameters, it does not have anything substantial for startups.
Finance Minister Nirmala Sitharaman has proposed a push in capital expenditure with Rs 5.54 lakh crore being allocated.
A Money9 Budget Conclave panel discussion hosted by Priyanka Sambhav and featuring Shweta Jain, Founder, Investography, Surabhi Marwah, Gauri Chadha, founder and CEO, Gauri Chadha & Associates, Surabhi Marwah, EY, Partner- Tax, discussed the good, bad and ugly of the budget.
Union Finance Minister Nirmala Sitharama has presented the Union Budget for the year 2021-22. The first paperless budget is expected to work as an economic vaccine that will pave way for revival of the Indian economy.
PM Narendra Modi said he has not seen so many positive announcements in the first hour of a Budget speech earlier.
For those who do not maintain their vehicles well, this is a boon and for those who maintain their vehicles well, it would be a hill climb, said expert Tutu Dhawan.