The Union budget for
the year 2013-14 as announced by Mr. P Chidambaram recently has received mixed
reactions. Some policies will make us rejoice while some may pinch our pockets.
Here are a few things that will make us rejoice and dampen our spirits in the
coming financial year.
Reasons to smile:
Benefit for the
first time investors: The first-time investors, investing in the Rajiv
Gandhi Equity Saving Scheme (RGESS) are in for some tax relief. With RGESS,
investors can claim 50% tax deduction on the invested amount for three years. If
your DEMAT is lying unused yet, this can be the right time to make a smart move.
