Citizen's Budget 2024 | Higher Tax On Ancestral Property Sale | Lets Talk Money Author Exclusive
HTML-код
- Опубликовано: 15 сен 2024
- Finance Minister Nirmala Sitharaman unveiled the Union Budget 2024 in Parliament. This is her seventh consecutive budget and the first for the newly formed NDA government led by Prime Minister Narendra Modi after this year's general elections. Sitharaman highlighted the budget's theme, stating that the government will focus on the poor, women, youth, and farmers. Additionally, she announced that GST and indirect taxes will be simplified as part of the Budget 2024 measures. Watch the full video to know more and follow Mirror Now for the lates
Discussing this in detail with anchor Sneha Koshy, Author Monika Halan says “The government is trying to rationalize and make one set of rules for all assets..” Watch the full discussion to know more and follow Mirror Now for the latest updates.
.
#unionbudget #budget2024 #nirmalasitharaman #financeminister #tax #gst #englishnews #latestnews #citizensbudget2024 #snehakoshy #mirrornow
SUBSCRIBE NOW for more such videos ►bit.ly/2LesD8T
For More Updates ► www.mirrornowne...
Like us on Facebook ► / mirrornow
Follow us on Twitter ► / mirrornow
Follow us on Instagram ► / mirrornow_in
Govt discouraging long term holding...... Its against to Indian culture.
BJP will be washed away in all future elections. Will never vote for BJP in life.
Then it will be katakhat.. katakhat
@@ezhilarasinanda5750 either way you are screwed - any which way you lose as indian citizens
@@naturemeditation3751 yes, at least let the dooms day come early rather than dying slowly every day. Let the Congress take over bring doom to us quickly rather than tolerating this disappointment and neglect every year.
Yes same no vote for bjp anymore. They are harassing middle class and supporting only rich
True
Increase tax on middle class and poor people so much they will roam around begging for money and food..
Abe poor people kaunsa tax pay karte hai?
Poor people earn 7 lac in a year ?
Removal of indexation benefits is a retrograde step. I was a fan of Modi but anymore. I will never vote him
Who cares bro? Go vote for Pappu or Mamata or Akhilesh & see the consequences. Read history ( at least economic ) since 1947 & decide.
Madam! Small correction : It is 10% to 12.5% for LTCG and 15% to 20% for STCG! TKU!
Sorry but people should not stand for his nonsense there must be public agitation on this Modi must learn a lesson...peoples hard earned Savings are not his grandpas property...
Yes its Pappu and Party's property.
@@graphiota18 no it’s not Rahul or Congress property either it belongs to each citizen who toiled hard to make it for himself and his/her family and children, tax payments are not a right but privilege that citizens provide for honest services and national building and benefits. Now government misuse and lack of accountability for these funds are not acceptable and hiking the tax burden on citizens are ridiculous and not acceptable
Who will do? people strength are broken, they will declare us anti Indian terrorist etc,
All tax payers should unite and raise voice
@@pritishah8231you mean only 5% of total population ? 😂
Worst budjet
Who will tax the funds given to political parties
As salaried folks the savings made are saved after one has paid a high rate of direct tax. With the tax paid income the tax payer buys goods and services and has to pay a high rate of GST on all those goods and services. Now, the savings one makes on the investments which were made after paying taxes, are again subject to STCG and LTCG. This is a cruel triple whammy by the Government on normal salaried folks, the softest target they have.
Instead of all this, why not reduce the burden of direct taxes and adopt a proper GST regime on all goods and services? This way anyone who consumes anything at all, is paying tax and contributing to the country! Transaction Tax. That’s the best way forward.
After all, EVERYONE is a Consumer, but only less than 2% of the whole of India are part of the Salaried classes who are taxed inordinately!
It is about time that the GOI looks at the Middle Classes too in a favourable manner.
I have decided to quit the BJP & good bye . Mad finance minister and a chai wala of PM
Monica Madam explained super LTCG
Next budget - stcg increased to 25%. Next to that-Direct tax code introduced, now you pay 35% tax.
Next to that-clean air tax. Still alive tax
@@tectej this dreadful fake finance expert finance minister should be be sacked immediately if not modi will pay in hard non votes soon… no wonder he looks glum these days he is not calling the shots anymore whoever or whichever babu/s allowed such a budget must be abd should be exposed and investigated
Coffin tax, cradle tax, 😅
Nothing is going to change in real terms to the people...
Except things will get worse
It’s very funny that Mr Godi was accusing in the election campaigns that Congress will implement inheritance tax and he himself did it 😂
I thought Monika was good in finance. How come property tax is comparable when you tax GST stamp duty and other taxes on property. BJP is just gone for taxing where possible. If this continues it looses incentive to growth
It is high time individual income tax is superseded with a transaction tax, which is progressive!🎉
The reality of a large section of population being poor in an absolute sense or even compared to the middle classes cannot be ignored by any govt as income inequality and large unemployment levels persist given that all political parties now compete for the vote of these sections. Even BJP has recognised that it cannot cede this section of the voters who can easily switch to the opposition parties. I think Monica Halan has been pretty candid and challenged the anchor to think about what direction the govt is taking the country in dealing with these people related hard truths which compelled BJP - Modi take away from the rich peoples pockets to redistribute to the less better of. I think the ancho was not prepared for Halan’s plain speak.
Wrong short tern tax is increased from 15 to 20 and long term is increased from 10 to 12.5 percent respectively 😮
Very soon they might introduce religious cess also...you have to pay to protect dharma.
Tax...tax ..tax on everything...wherever the middle class tries to invest....the govt wants tax on everyhtiing...real estate...fd...watever...its jus pathetic....we want a govt which understands the issues n pain of middle class n jus nkt sitting to suck money from people
Middle class doesn't live adhani.. ambhani or any other political leaders.. does they are taxed based On wealth.. property earned or heritage properties
Monika is back after long time. She is the best
If..if government has really want to support in growth of India.. use iris in Aadhaar to track and evaluate change in property growth rate on tax...why should the slab doesn't imply on wealthiest people competing in world's richest people
They mixed up the STCG and LTCG in this video.
Will gift of immovable property be taxed ????
It is time Govt stopped import of Gold n stop safe way to keep black n corrupt money..Scheme to digitise n regulate for the benefit to the country n be productive
The argument by middle class representatives that they will not vote for BJP is futile as the poor have a vote also and they are very politically astute and vote for parties who make redistribution tax policies. The middle classes better understand the limitations of their political power.
Very very pertinent questions by the anchor and composed and queried with some passion.. 😎🙏👍 the erudite guest for her part tried but could only answer so much with conviction or for that matter to the viewers satisfaction 😮
Anchor gave wrong figures on ltcg and stcg
Why does Monika keep comparing Indian living or health care to western countries? Comapre it with South East Asia! You can have similar medical facilities and wait time as we get in India, much better standard of living and less inflation and better return on taxes. Now tell me, why would one want to stay in India if this is the case?
Dropping indexation is correct to bring it on par with other instruments...Land has been used to save tax n park Black n Corrupt money..with benamies n tinkeredvwith local Govts.
Black money is still handled in cash, which will never come under the eyes of the authorities. Scrapping indexation is a hit only to the middle class who buys properties through white money. Now what will happen is that since indexation is scrapped, the cash element will increase, which will again benefit only those who have black money. Scrapping indexation is the single stupidest move in the budget I have seen in the last 10 years.
Have you mixed up tax rates for STCG and LTCG in your visuals? 😮
😂Yes they have. Everyone has gone mad after this budget😂
Data inconistency
So many movie stars buy land and expensive homes as gift. This is checkmate for those celebrities. Very well done govt
Yeah ...this is also a point...but then the property price should be capped...it should not be for everyone
They will buy properties in Dubai 😅
Why are telling the same thing so many times.
99% of the times a common man buys property for end use, how come it be held for a short period? Indexation benefit is needed for property,which can't be liquidated fast
just increase tax for salary people, a small benefit which they get form selling land is now taxed which is already taxed in the name of registration up to 12.5 % ,
भीक मागणे को मजबूर करना चाहिए.महंगाई इतनी बढाना चाहिए की जनता कुच्छ भी नहीं खरीद पाना चाहिए. तब मजा आयेगा
Already people are not registering with the selling price. Sellers will ask buyers to give in cash. To avoid the tax
mADAM, DIFFERENT ASSET CLASS HAS DIFFERENT USEAGE/PURPOSE AND RISK, LIQUIDITY ASSOCIATED WITH IT. HOW CAN WE CLASSIFY ALL ASSET UNDER SAME TAX STRUCTURE.????? EG, IF YOU BUY A STOCK/SHARE YOU PAY CERTAIN TAX AND OTHER CHARGES, IT IS HIGHLY LIQUID THAN PROPERTY WHERE THERE ARE HUGE TAXES LEVIED THROUGHT THE LIFE OF THE PROPERTY(YEARLY PROPERTY TAX) WHICH IS NOT THERE WITH STOCKS. nOW YOU SEE HOW DIFFRENT ASSET HAVE DIFFERENT IMPACT ON PEOPLES LIFE?
monika halan is gud... she speaks what she means...
Sansthan is MRE logical n FAIE
The anchor and the graphics showed LTCG and STCG exactly opposite
Such a rubbish argument in the path of growth this is common itseems...how ever she rightly admitted she is a rightist and hence all of this looks good for her.
Whats the point of holding real estates? Useless govt. Worst finance minister. But bringing such a policy is just indirect inheritance tax and will raise black money. Nothing for tax payers.
Removal of indexation benefit is very harsh decision by government,will prove harsh for bjp in votes.... should consider roll back this decision.
FAIR
If property bought in 2001?
Making india communist
#boycottbjp
Vote for congress✋✋✋
And work 14 hours a day lmao
better than living poor@@CrazyWorld89234
Lop sided discussion on LTCG. Do you think only ancestral property is property or asset? My self earned property will also lose indexation benefit.
Middle class has been butchered!
Budget of a struggling weak bjp government
Pt a nhi kB chale jaaye
Poor and middle-class will be finished
It is not Union budget Pradhan manthri sarkar bachavo yojana
What's ur problem bro ?😮
Very worst, we are telling good bye to BJP, next time 240 to 140 BJP loosing there fame. Next 100 percent BJP seat convert to same as Congress.
Before 10 years had good name. Now lost all hope..
BJP and Congress both are same pushing people different way but finally result is same
20% + 18% GST = 38% TAX ON SALES OF PROPERTY!,
Why are you giving hard working people tax money to the lazy people
Too long questions
Nirmala get money from the poor people as a tax and given to the adani that is modi benami
Third class budget for share market
How long do we have to suffer this evil woman
This is really very disgusting
Bad time started to BJP government
This is terrible.
Buy capital gain bonds 54EC
Then the limits specified in Sec.54EC should be increased (It was made as 50L in 2007, when the property prices were much lower) and the returns should also be increased.
@@adityasundar324 yes they should have increased
We aren't communist correct
worst budget
Kuck ka vikaas only.. Sabh ka ?
Your illustration is crappy
Property tax kon bharta kon hai 50% cash transactions hota hai woo government ko bhi pata hai . 50% Balck money chalta hai. Builders property lete 50% black money leta hai pehla se hi government ko 50 % money per tax mil raha hai.
Government tax increase kiya hai jayda black money koi property tax jayda bharega nahi
Who said that?
Middle class target kiya hi nahi ye 2 number ke pese se property kharid karke black ke white karte hai after 10 years ke property sale karke profit karte the uss par bhi government tax nahi milta tha usko dikkat hogi.
Middle class too puri zindagi mehnat karta hai 1 ghar bana pata hai woo bechane ke liye karidta hi nahi builder , politician, jo black money se buy kari 1000 cr buy ki hai uss property per government koo tax dena padega unkoo dikkat hai bhai