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Arcane

Hey, I'm on Medial • 11m

New Property Taxation Scenarios: 1) Modest Gains, High Burden 2004 Buy Price: ₹50 lakh 2024 Sell Price: ₹1.6 crore Old Taxation: ₹7,339 New Taxation: ₹13.75 lakh Your tax liability jumps from ₹7,339 to ₹13.75 lakh!!! 2) Moderate Gains, Heavier Load 2004 Buy Price: ₹50 lakh 2024 Sell Price: ₹2.25 crore Old Taxation: ₹13 lakh New Taxation: ₹21.8 lakh A rise from ₹13 lakh to ₹21.8 lakh in taxes is just unfair 3) High Gains, Slight Relief 2004 Buy Price: ₹50 lakh 2024 Sell Price: ₹5 crore Old Taxation: ₹68 lakh New Taxation: ₹56 lakh Tax reduces from ₹68 lakh to ₹56 lakh, but such high returns are rare. 4) Exceptional Gains, Significant Relief 2004 Buy Price: ₹50 lakh 2024 Sell Price: ₹7 crore Old Taxation: ₹1.08 crore New Taxation: ₹81 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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