Budget 2024: Understanding the Impact of LTCG Reduction & Abolishment of Indexation on Real Estate

Budget 2024: FM Nirmala Sitharaman announced a reduction in LTCG Tax on property sales from 20% to 12.5% in the Union Budget 2024. It also revealed the removal of indexation benefits previously available for property sales. How will it impact homebuyers? What does the Budget hold for developers? Watch the video to understand!

#budget2024 #budget #unionbudget2024 #realestate

#LTCG | LTCG Budget | STCG Budget | Budget 2024 | Budget Highlights

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[MyName-nnix.]

FET और NVDA66K को साझा करने के लिए धन्यवाद 💯

[aksket]

Indexation removal will definitely encourage black money transactions.

[sudhakarsubramaniam]

No indexation has no basis. Modiji 3.0 is BJP's curtain in Delhi.
Ridiculous..Buyer pays higher regn charges.
Modiji govt is squeezing people with its increase of taxes.

[Rajeshtalkies]

Middle home owners in rural area will be worst hit, black money guys will enjoy.

[AsimKiro-hwki]

NVDA66K पर आपके चयन पर विश्वास है। इतनी संभावनाएँ 🚀

[adas]

It will only increase black money / cash transactions

[vivekm]

Very bad move
Tax reduction is temporary and Indexation benefit loss is foregone

[Kageoshi]

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

[Inthearmsofnature]

Tinkering of LTCG not a welcome move. You are snatching of our profits & hard earned money & you don’t want to share our loss @12.5%. Will take all risk, show all the patience & when you see a middle class guy making profits, you will snatch 12.5%. It’s like Shahrukh khan saying to Madan Chopra in Bazzigar “ teri barbadi ka Waqt aagaya hai Madan Chopra (middle class).

[ximin_sleepy]

taxing like europe service worse than bngladesh

[oumwiww]

Worst budget, can't fool public like this.

[manbhumsambad]

It will increase corruption, flow of black money through cash.Govt has done it knowing fully well the impact of it.

[Abhisheksingh-hrmo]

Tax on STCG n indexation is enough for middle class to vote this govt out of power

[WalterWhite-ogwj]

They always promote real estate because that's the only place to park black money.

[shashisharma]

Opposition should now take the matter. I think FM has gone mad when she thinks that whatever was the cost of acquisition as in 2000 is same in 2024. And then they want booty from my tax paid hard earned money which I invested in purchase of property. Inflation is the indexation and not the profit. What sort of FM is she that she cannot understand the basic maths. She needed to be shown the door Mr.PM.

[rajeshr]

This is exactly how you increase black money in the country....😂😂😂😂

[pichaimuthuramachandran]

Lot of People are pushed to surcharge due to non indexation. Why no body thought that also

[manojsrmp]

How about equity stock investment not real estate as it involves mass b-lack money? same as 12.5 % from previous 10% shows the increment and STCG too.. Taxation is loaded heavily on salary people or who are all already a tax payer.. pls involve politicians and coporate capitalist in these high taxation list which leads to more money drawn for welfare of ppl n natiom

[HimalayaGarg]

Holding property for long time is of no use now... May end up in loss

[sandeepchauhan]

People will ask for more black money when selling to reduce tax