Girish Ahuja sir explaining the indexation removal impact with example and exemption u/s 54 & 54F Sir ka example to Department se bhi jyada bada hai... Do Listen.. #Budget #INDEXATION #IncomeTaxReturns

Indexation was a gift to Indians for many years but the politicians and wealthy Indians used it to become wealthier …. As far as I know no other country in the world had allowed that .. now it is gone and india has become taxation hell .. all the east wealth will have to be given back .. I feel bad for the poor people who never got a chance to buy assets .. but are now stuck with paying obscene tax rates that are higher than even in developed countries… it’s horrible what is happening to the lower middle class …

10 lakh se 20 crores. Isliye LTCG mein changes hua hai. Sir aap mahan nahi antaryami ho.

All said and done, there is no any vanilla answer for ... whether 12.5% is good or 20% One provision is beneficial to some and not to others ... this is not done! This should net be the way, how a tax law should be drafted. There has to be a grandfathering clause. Simple!

This impractical example does not apply to a vast majority. He is referring to urban land in his example. How many people own urban land? For most, the new LTCG tax policy will be adverse. Professionals should keep aside their political leaning and focus on ground realities.

He is either from a different world or he knows someone who had an idle plot of land somewhere and then government decided to build highways through or near that land. And now he is generalizing it. I am a property owner in Mumbai and the appreciation CAGR in 15 years is 8.5%.

No. There is no assurance that 12.5% will not slowly move to 15, 18, 20 in the next 5 years. This year it is 12.5% only to facilitate adoption to tax without indexation. Remember this most important point. The big news is "indexation is gone".

देख रहे हो विनोद, 54F में पहले भी पूरा Sale Consideration लगाना पड़ता था और अब भी। लेकिन कैपिटल गेन बढ़ाकर अब उसे हमारी बचत बताया जा रहा है।

Suppose a person bought a house of 1 lacs and sold it for 1.4 lacs and the indexed cost is 1.5 lacs. Now govt is asking tax on 40k but in reality he sold it at a loss of 10k due to poor market condition. Therfore govt does not want its tax revenue to be affected by inflation.

So why give benefit to somebody who has made 10 lacs to 20 crs...he must pay higher tax. Whereas removing indexing u r screwing a person whose property had gone up from 10 lacs to 40 lacs. Going by this logic also indexation should be there. With indexation more u earn more u pay

This a very rare case scenario. As per sir’s example then only ultra rich people are benefitting from the removal of indexation. What government could have done is give an option to the tax payers, pay tax 12.5% without indexation or 20% with indexation.