Finance Secretary TV Somanathan On Indexation In Real Estate, Capital Gains Tax & Stock Markets

Biggest joke of the year😂Shameless govt. has its eyes only on middle class🤬

Why not ban short term transaction then talking non sense

If that's the case, Tax on LTCG shud be 0. What's the rationale in increasing the tax on LTCG and promoting it on the other hand. How logical it is???

You don't need to encourage us. We know what to do.

he realy need long term investments?, ok. make 0 ltcg after 10 year investment. and give up tax on dividends.

How hard you try to promote jumlas at this stage won't work 😢

How and why should these people try understand,how in emergency, person has to sell house, but now has to give large tax to government

These secretaries are multi billionaire, if income tax start raiding ias, ipc , irs, ifs all tax issues will be solved

Respected Secretary Sir .. Please dump entire BUDGET CALCULATION Raw data , we can figure out easily using AI tools where is the maximum impact etc.. These explanations are not ROCKET SCIENCE , IT people can get these within 0.5 sec . We also know FINANCE MINISTRY has to fund the loss happened due to 13 bridges washout in BIHAR from Middle class income -- Pouring tons of money in that LEAKY BUCKET called BIHAR, we have to work hard and pay tax ..

Already registering cost for property is a big amount like tax for the purchaser of property. Then again on selling LTCG without Indexation is very bad

Mr. Somanathan why should you get DA increase every 6 months when there is no increase in prices as per you because no indexation means no increase in prices. Means we need to ask you to stick to the basic pay only which is given to you. And this way whole realty sector is going to loose funding for projects. And if there is no indexation then government need to bring the present circle rates back to previous rates for calculating the cost of land.

That is why tax rates have been hiked on capital gains gains

Oh 24 hours ago this mahashay was saying that the tax has actually been reduced? Now he is saying it has increased and the reason is to discourage trading? This guy flip flops more than Nitish Kumar.

Taxing something that is already taxed..how much stupid can FM be ? Only goal is to squeeze and squeeze middle class for profits...shame on this inhuman MODI government...MODI HATAO, DESH BACHAO...SUWAAR ka AULAAD MODI

Mr. SECRETARY SIR -- The Revenue budget is so high ( 65% of total budget ) which is largely SALARY and PENSIONs. There are central government employees who are 80 + getting pension around Rs 1.5 lakhs per month -- If both husband and wife both are pensioner their monthly income is Rs 3 lakhs which is RS 36 lakhs per year - Close to Executive salary in IT company .. A completely non productive Pension payout is too high due to OLD PENSION SCHEME OPS ( which is still running ) .. Government wants to milk the same COW which gave milk every year -- This INDEXXAION benefit rationalization is also in that direction . People are smart .. They remember this

If intention was simplification,why tax neutrality not maintained.Now you have increased tax significantly.

If so why hiking Longterm gain tax..😏😏 He want to bleed middle class investors

Why dnt dey increase corporate tax ?

Final conclusion is that this guy doesnt know simple math and became a finance secretary shame!!!

So budgeting is done unknown people wishes indexation must be restored back with lower rate of 12.5%