@Cockroach4India It's very easy to post what we want
And much harder to implement what we want
Ensure integrity and love for the nation in all members heart to end corruption
Everything else will come right in place
#Irctc tatkal booking is a scam
They keep on loading and loading and even after amount deducted ticket not get confirmed. @indianrailway__@RailMinIndia@PMOIndia@AshwiniVaishnaw request you to please repair the website lakhs of people life depends on it
Winning this medal is a dream come true, not just for me but for everyone who has supported me. I am deeply grateful to the NRAI, SAI, Ministry of Youth Affairs & Sports, Coach Jaspal Rana sir, Haryana government and OGQ. I dedicate this victory to my country for their incredible support and love.
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 โน50 lakhs. Fifteen years later, you sold it today for โน1.5 crore. With indexation, the โน50 lakhs you paid 15 years ago is considered to be worth โน1.32 crore today. So, the net profit or capital gain is only โน17.5 lakhs, and you'd pay only โน3.5 lakhs as Capital Gains Tax at the rate of 20%.
But without indexation, your capital gain now is โน1 crore, and at 12.5%, you'd end up paying โน12.5 lakhs in tax. Essentially, the government takes โน9 lakhs more than the old method.
Your net profit after buying a property and holding it for 15 years is just โน5,01,825. 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)