People are using anomalous cases to show how this tax regime will benefit you.
- But land prices are not a comparative for the majority of people in India. (90% earn below 25k rs/month)
- Land prices in the capital city has its own premiums that other cities don't command.
(3/3)
This table shows the percentage increase in tax (compared to regime with indexation) based on Property Acquisition Year (y) & Annual Value growth of residential (x).
- House Prices have appreciated by 9.3% over the last 30 years ( source: CPEP)
(1/3) #TaxTerrorism#Budget2024
Key Points to note:
- Anyone who has bought the property after 2000 and on the price growth of 9.3% is paying more tax now.
- If property was acquired before 2000 and your current property value is not atleast 8.45x of your acquisition price, you are paying more tax now.
(2/3)
I realize the masterstroke by Modiji now.
He asked everyone to buy stocks before 4th June so that after the budget 2024. He can tax us more.
Good way to scalp the middle class retail investor.
#Budget2024#TaxTerrorism
Let’s say you are running a Restaurant in Hyderabad.
I'm the local MLA and a corrupt one.
I'll send Local Police to you and start harassing you saying we will close your restaurant, will arrest you.
Your name comes in Media, your reputation and Business starts to go down.
What 14 Prime Ministers of India in 67 years couldn't do (their combined borrowing/debt is 56 lakh Crores), Modi managed 100 Lakh Crores in just 9 years. And Navika is trying to stare him down while squirming on her seat. Can ayone tell me who the guy is?
Dear Indian Finance Minister (and bureaucrats who make/implement policies), I have one question:
How will you track “cryptocurrency sales” in order to “tax” them?