FM delivered all expected tax changes, but LTCG : Shefali Goradia, Deloitte India

Anything in the fine print anything which you have managed to figure out where we can say oh! my god that was not in the speech! It has come out!
The finance minister seems to have delivered a fair bit and almost all the changes that were expected barring the long-term capital gains (LTCG) have come through. Overall, this is a very good budget from a tax perspective. DDT has been removed but it is going to be included in the income of the shareholder. That was always the anticipation. It does benefit that set of investors who are taxed at the lower marginal rate as well as foreign investors who are coming from treaty countries. Their treaties offer a lower withholding rate and they will see a huge benefit by declaring the dividends from India or using it for re-investment.