Thank you PM for NOT firing Pradhan ji two weeks ago.
It gave us enough time for:
1. The end of godi media
2. A million funny memes
3. A thousand pictures of courage
4. The rise of a dozen new young political leaders
5. “56 inch ka chhota bandar”
LTCG to Loot Middle Class | How will removing indexation in calculating LTCG tax affect everyone?
Today, FM @nsitharaman reduced Long Term Capital Gains (LTCG) Tax on properties to 12.5%, but cleverly removed indexation, which adjusts the property price at the time of sale, to account for inflation. How does this impact us? Let's break it down with simple math.
Suppose you bought an apartment in January 2009 for ₹50 lakhs. Fifteen years later, you sold it today for ₹1.5 crore. With indexation, the ₹50 lakhs you paid 15 years ago is considered to be worth ₹1.32 crore today. So, the net profit or capital gain is only ₹17.5 lakhs, and you'd pay only ₹3.5 lakhs as Capital Gains Tax at the rate of 20%.
But without indexation, your capital gain now is ₹1 crore, and at 12.5%, you'd end up paying ₹12.5 lakhs in tax. Essentially, the government takes ₹9 lakhs more than the old method.
Your net profit after buying a property and holding it for 15 years is just ₹5,01,825. You might have paid much much more in loan interest alone. Was it really worth it? Do you call this cleverness or crookedness? #Budget (1/3)
Time for all "not MAGA" folks to come together for @KamalaHarris to beat Trump and save our democracy, reject bad values, reject Project 2025 and the dictatorship that Trump loves, all while being a good global citizen. As I said there are democrats, independents, republicans, and then there are MAGA assholes (test: election denialism). Good people on both sides. We should stand together
On what was supposed to be a lovely Sunday morning to sleep in till late, almost 35 thindipothaas assembled in Rajajinagar to explore and sample various idli, dose, and bath items.
I am sick of children of any background or identity being murdered and forgotten.
I am sick of narcissistic megalomaniacs playing God and pretending they represent anything other than themselves.
I am sick of people being derided or attacked for their compassion.
I am sick of divisive politicians trying to sound tough by exploiting ignorance.
I am sick of greed and self interest determining the fate of humanity.
I am sick of hateful fools electing themselves as the judges of what is valid identity.
I am sick of media supporting arrogant clowns.
I am sick of the fear people have to express what is obviously basic common sense.
If you want to politicise any of that, go ahead. I don’t care.
Hamas's attack and the events unfolding since yesterday are unspeakable. We could talk about their cruel and criminal actions, or focus on how our Jewish-supremacist govt brought us to this point. But as former Israeli soldiers, our job is to talk about what we were sent to do
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For the longest time I have not really enjoyed spending time alongside those who praise India's progress, economic growth, the so called startup and income boom and all- you all are living in a privileged world and are happy to see what works in your favor alone. but subscribe more holistically and perhaps some day we will be able to have a proper conversation. until then- wait till they come for you as well. it will happen.
Jensen Huang, the founder of Nvidia, just gave a commencement speech in Taiwan.
Like Steve Jobs in 2005, he shared 3 stories — 3 pivotal decisions that led Nvidia to where it is today.
The stories are about humility, perseverance, and focus. Here they are.
#dearintern
I was once asked to remove ads from a webpage so that only content was visible. As part of an experiment on how much ads impact experience . I ended up doing opposite and it was a page with only ads.
Reverted few mins after launch.