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Arcane

Hey, I'm on Medial • 1y

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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Ashutosh Mishra

Chartered Accountant • 1y

Direct Tax collections for FY 2024-25 as of 17 September, 2024 Net Collections, YOY comparison Corporate Tax : ₹4.53 lakh crore, up 10.5% Personal Income Tax : ₹5.15 lakh crore, up 18.8% STT : ₹26,154 crore, up 96% Other Taxes : ₹1,812 crore, up

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UPI has reported 16.5 billion transactions for October 2024, worth Rs 23.5 lakh crore. HUGE GROWTH!

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Mahendra Lochhab

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The Indian wedding industry's total size was an estimated ₹10.7 lakh crore (approximately $130 billion) in 2024.

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Account Deleted

Hey I am on Medial • 9m

Apple has reached over ₹1 lakh crore in iPhone exports from India in 2024. iPhone exports from India. 2023: $9 billion 2024: $12.8 billion

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Hawk
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Was it a Budget of expectations? The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman introduced changes to the income tax regime, for salaried employees & those opting for the new tax regime. 1. Standard Deduction Increase: T

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Neelakanth Chavan

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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

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Mahendra Lochhab

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The central government has collected GST of ₹ 1.82 lakh crore in November 2024. This GST collection is 8.5% more than the GST collection in November last year. In November 2023, the government has collected GST of ₹ 1.68 lakh crore.

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Prem Siddhapura

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**Tax Revenue Hits Record Highs** 📈 The government’s net direct tax collection, post-refunds, surged 15.4% to ₹12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching ₹15.02 lakh crore. 💰

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Hey I am on Medial • 7m

Zara Shuts Flagship Mumbai Store Annual Rent: ~₹30 crore Monthly Rent: ₹2.25 crore Daily Rent: ₹7.36 lakh New tenant Purple Style Labs to pay ₹10 lakh per day in rent. Mumbai's real estate market is on fire! 🔥

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Hiral Jain

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In the financial year 2025, the direct tax revenue has hit an impressive ₹16.9 lakh crore! Here’s the breakdown: - Personal tax contributes ₹8.7 lakh crore - Corporate tax is at an astounding ₹27.7 lakh crore - Securities transaction tax stands at ₹

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