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Aryan Sukhdewe
Looking to work in ...ย โขย 1y
We are slowly moving towards a system of 30% taxation on capital gains. [1] A lot of retail folks used to enjoy the indexation benefits on Debt mutual Funds. This was taken away in 2023. Rational? Well, Equities have no indexation-- why should debt have it? [2] Next 2 years: Let's apply Direct Tax Code. LTCG on Real Estate is 20% On Equities it is 10% Why should Equities have advantage here? [3] Some political parties: Let's apply Inheritance tax. In American when the rich pass on their wealth to their kids, they pay inheritance taxes. Why should people in India enjoy this unfair advantage? The point is no matter which political party comes to power, they will suck common people's blood through excessive taxation. Tax whom you can. And, doll out as much freebies as possible. This in-short is the future of India's economic policy.
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