New Property Taxation Scenarios: 1) Modest Gains, High Burden 2004 Buy Price: โน50 lakh 2024 Sell Price: โน1.6 crore Old Taxation: โน7,339 New Taxation: โน13.75 lakh Your tax liability jumps from โน7,339 to โน13.75 lakh!!! 2) Moderate Gains, Heavier Load 2004 Buy Price: โน50 lakh 2024 Sell Price: โน2.25 crore Old Taxation: โน13 lakh New Taxation: โน21.8 lakh A rise from โน13 lakh to โน21.8 lakh in taxes is just unfair 3) High Gains, Slight Relief 2004 Buy Price: โน50 lakh 2024 Sell Price: โน5 crore Old Taxation: โน68 lakh New Taxation: โน56 lakh Tax reduces from โน68 lakh to โน56 lakh, but such high returns are rare. 4) Exceptional Gains, Significant Relief 2004 Buy Price: โน50 lakh 2024 Sell Price: โน7 crore Old Taxation: โน1.08 crore New Taxation: โน81 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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