Sir. I have three queries about budget 2018.
- Is standard deduction applicable to pensioners also ?
- Is LTCG applicable to existing ELSS investment also.
- How will The requirement for corporates to fund 25 % of their capital requirements thru corporate bonds affect the existing investment in "COPRORATE DEBT OPPORTUNITY FUNDS"
2 Answers
Hi,
1 - Yes, even Pensioners can claim the Standard deduction of Rs 40,000.
2 - Kindly read my article on this topic :
https://www.relakhs.com/10-ltcg-tax-equities-budget-2018/
3 - As of now, I do not have answer to this question.
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