Hey, I'm on Medialย โขย 1y
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.
Chartered Accountantย โขย 1y
Direct Tax collections for FY 2024-25 as of 17 September, 2024 Net Collections, YOY comparison Corporate Tax : โน4.53 lakh crore, up 10.5% Personal Income Tax : โน5.15 lakh crore, up 18.8% STT : โน26,154 crore, up 96% Other Taxes : โน1,812 crore, up
See MoreAnalytics and Data s...ย โขย 1y
What are the taxation rules in india on investments in stocks. As per my knowledge, gains on stocks more than 1 lakh are taxed at 10% for long term gains(>1year) & 15% for short term gains(<1year). How can someone escape from this. One method that
See MoreUnicorn is coming so...ย โขย 10m
**Tax Revenue Hits Record Highs** ๐ The governmentโs net direct tax collection, post-refunds, surged 15.4% to โน12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching โน15.02 lakh crore. ๐ฐ
See MoreCA interย โขย 8m
In the financial year 2025, the direct tax revenue has hit an impressive โน16.9 lakh crore! Hereโs the breakdown: - Personal tax contributes โน8.7 lakh crore - Corporate tax is at an astounding โน27.7 lakh crore - Securities transaction tax stands at โน
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