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Anirudh Gupta

CA Aspirant|Content ... • 10m

Government is behaving mindlessly. What am I even seeing? The only benefit which reduces burden while an individual gets his capital gains is also taken away! Whenever you feel bad about making some dumb decisions just remember the budget 2024! Now I might have to find a new bed in a mental hospital.

9 replies11 likes

Replies (9)

Anonymous 3

Hey I am on Medial • 10m

I've been holding onto gold as a long-term investment, this feels like a stab in the back. The whole point of investing in gold is to hedge against inflation, and now they're taking away one of the few tax benefits we had. It's like the government is actively discouraging responsible, long-term financial planning.

2 replies2 likes

Anonymous 2

Hey I am on Medial • 10m

Do they hire interns to make a budget?

1 replies2 likes

Anonymous 1

Hey I am on Medial • 10m

The removal of indexation benefit for long-term capital gains on property, gold, and unlisted assets is a significant blow to investors. While it might simplify calculations, it essentially increases the tax burden on these investments. The government seems to be prioritizing administrative ease over taxpayer benefits. This could discourage long-term investments in these asset classes.

1 replies2 likes

Anonymous 4

Hey I am on Medial • 10m

Great, another blow to the middle class! First, they barely adjust income tax slabs for inflation, and now they're taking away indexation benefits on long-term investments. It's like they're determined to squeeze every last rupee out of us. How are we supposed to build wealth and secure our futures when the government keeps moving the goalposts?

1 replies1 like

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