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)
કેન્દ્ર માં તમારી સરકાર.
રાજ્ય માં તમારી સરકાર.
મ્યુનિસિપલ કોર્પોરેશન માં તમારી સરકાર.
તો તમને કોણ રોકી રહ્યું છે કડક કાયદા બનાવવાથી ?
વારે વારે નિર્દોષ ભૂલકાં ની બલી કેમ?
#fireaccident#Rajkot
Respected @PMOIndia@DFS_India@FinMinIndia,
We bankers have given our 100% in implementing every govt schemes and when it comes to give us back everytime we get only promises.
Kindly accept #5DaysBanking since its due from years🙏🏻
#5DaysBanking
@AnushreeKoli@jugsuraiyaTOI If all saturday will be off then it will sum upto 84(holidays)+28(remaining saturday)=112. How comes to 150? First learn maths. What about court, parliament, RBI, state govt dept. Aren't they not so important? Why so much holidays for them then?#5DaysBanking#worklifbalance
Who do you think should be man of the match id INDIA wins today?@bhogleharsha
My man of the match is Rohit Sharma already even if virat or any other player scores a century.
Such a great start given by him, So everyone else can take there time on this difficult pitch.
#INDvsSA
India is passing through high unemployment rate scenario and almost two lakh jobs are vacant in banks, especially clerical and substaff cadres. Why should the youth suffer when enough opportunities are there in our banks??
#BankRecruitment#BankRecruitment
की बैंकों में रिक्त पदों को भरने की मांग एक सामाजिक मुद्दा है क्योंकि लाखों शिक्षित बेरोजगार युवा नौकरियों की प्रतीक्षा कर रहे हैं। इसलिए सरकार को बिना किसी अनुस्मारक के भर्ती के आदेश देने चाहिए।
#BankRecruitment@AntaniKirit@nshankarunion1
हमारा अभियान लोगों को बैंकों की स्थिति से अवगत कराना है। अपर्याप्त जनशक्ति, लापरवाह आउटसोर्सिंग और लापरवाह डिजिटलीकरण ने आम ग्राहकों को बिना सेवा के बल्कि अधिक शुल्क का खामियाजा भुगतना पड़ा है। इसलिए भर्ती की मांग ग्राहक प्रेरित होनी चाहिए
#BankRecruitment@ANI@timesofindia
#2LakhBankJobs#AIBEA
We request citizen of these country to raise their voice. Their children too deserves the Govt Job. More then 2, 00,000 vacancies are to be filled.
PSBs create jobs& Govt is not filling up the vacant https://t.co/OiL7yuyp5I is misguided by the bank managements & makes wrong statement. Filing up 2 lac bank jobs will allow psbs to grow further to serve the county and economy. So we demand recruitment & stop outsourcing.