Post on Medial

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?

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.

Do they hire interns to make a budget?

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.