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Arcane

Hey, I'm on Medialย โ€ขย 1y

New Property Taxation Scenarios: 1) Modest Gains, High Burden 2004 Buy Price: โ‚น50 lakh 2024 Sell Price: โ‚น1.6 crore Old Taxation: โ‚น7,339 New Taxation: โ‚น13.75 lakh Your tax liability jumps from โ‚น7,339 to โ‚น13.75 lakh!!! 2) Moderate Gains, Heavier Load 2004 Buy Price: โ‚น50 lakh 2024 Sell Price: โ‚น2.25 crore Old Taxation: โ‚น13 lakh New Taxation: โ‚น21.8 lakh A rise from โ‚น13 lakh to โ‚น21.8 lakh in taxes is just unfair 3) High Gains, Slight Relief 2004 Buy Price: โ‚น50 lakh 2024 Sell Price: โ‚น5 crore Old Taxation: โ‚น68 lakh New Taxation: โ‚น56 lakh Tax reduces from โ‚น68 lakh to โ‚น56 lakh, but such high returns are rare. 4) Exceptional Gains, Significant Relief 2004 Buy Price: โ‚น50 lakh 2024 Sell Price: โ‚น7 crore Old Taxation: โ‚น1.08 crore New Taxation: โ‚น81 lakh There's relief for high returns, but you have to be lucky for exceptional returns The new system burdens modest investors with higher taxes(who make up the majority) & favors those with significant gains.Need a more balanced approach.

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