Ashutosh

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[Ashutosh @ashutosh576]

@thetripathi58 Books

[Congress Kerala @INCKerala]

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)

[Ashutosh @ashutosh576]

@Pun_Starr I think reporters misheard Venice and wrote Kyoto.

[Ashutosh @ashutosh576]

@mr_seeker_1 @gemsofbabus_ Everyone pays taxes in the form of Indirect Tax.

[Ashutosh @ashutosh576]

😂😂😂

[Rico🤍🖤🇸🇳 @mk_reuk]

@El_Futbolesque Fact

[ANI @ANI]

India's 'The Elephant Whisperers' wins #Oscars award for the Best Documentary Short Film

#Oscars2023

[Capt_Cibeesh @cibeesh]

Internet speed after #Starlink Internet onboard one of the @angloeasterngrp ship.

Game changer in #seafarers wellbeing.

[The Cultural Tutor @culturaltutor]

Why do people wear these pointless bits of fabric called ties?

[Ashutosh @ashutosh576]

@JElgott @akshaysam 😂

[Arsenal @Arsenal]

🇧🇷 Nosso Novo Número Nove

[Ashutosh @ashutosh576]

@TrollFootball @akshaysam

[Ashutosh @ashutosh576]

@kunalkamra88 @OpIndia_com @akshaysam 😂😂😂😂

[Ashutosh @ashutosh576]

@captsingh https://t.co/7jkkbRK2tL

[R. Vijaya Sankar @Vijayasankar_FL]

My last Editorial in Frontline

[Elon Musk @elonmusk]

🚀💫♥️ Yesss!!! ♥️💫🚀

[Ashutosh @ashutosh576]

@ANI Nail Cutting and Shaving is also not allowed during the nine days, Nail Cutters in shops should be banned, All barber shops should be closed.

[Capt Anuj Sood @anuj_sood2001]

@PrasharSdp @dgship_goi Online orals are best. Saves lots of money and time spent specialy for non metro guys. On a lighter note if you fail you loose only booking fees but not the traveling and other expenses incurred.

[Deepak J Singh @deepakjsingh]

@ANI Will they shut restaurants serving non vegetarian food? KFC, Pizza Hut, McDonald's,Subway, Domino's ,and other big names? Corporate sellers like Lucious. Five star hotels will be told to stop nonveg items. Or does only the poor butcher hurt their sentiments?

[90s Football @90sfootball]

George Weah thanking Arsene Wenger for giving him a chance, after winning the Ballon d'Or. https://t.co/OdhZjwSKpu