Capital Gains Tax Explained | Union Budget 2024 | Indexation benefit removed | Indian Economy

Learn about capital gains tax in India, including recent changes in Budget 2024, and how it affects your financial and non-financial assets. Understand the impact of removing indexation benefits on real estate and the government's rationale behind these policy changes.
#CapitalGainsTax #IndiaTaxPolicy #RealEstate #Investing #Taxation #budget2024

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[Arguseyed_]

Sure but government is literally taxing everything, government wants to discourage sale of property but they don't encourage development of quality infrastructure or provide any facilities for citizens to use. Why doesn't government not even encourage basic etiquettes such as health and hygiene like singapore ??. Pay taxes like Europeans and enjoy benefits like Ugandans.

[Tabshirshams]

Saw a lot of explanations even of CA's, could not understand. Finally you are the saviour!

[natarajanr]

1.25 lakhs exemption is only for LTCG and no exemption for STCG

[korkyket]

Invest in Bitcoin before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth🇺🇲🇺🇲

[rakshay]

Most of questions of prelims comes from your videos sir but interconnected concepts question mainly comes in upsc prelims.thankyou

[Geopoliticsjunction]

Sir, at least upload 4 video/week to make it more connected to you.

[TanglishTraveller]

Iam not defending this budget, but want to make it clear to you all that Capital gains on sale of house property has some exemption on reinvestment in a new property, subject to some conditions. Even if there is no indexation benefit now, if you satisfy those conditions, your CG wld be exempted. Hence, indexation wont affect you. And, I know not everyone sells property to reinvest.

[bxlgoqq]

I wish you had a UPSC coaching, i would have given any amount to learn from you, God bless you sir .

[Maverickkk_dk]

Sir kindly provide pdf too. Highly appreciated ❤

[nicknagar]

Thank you so much Sir for the wonderful explanation, I was actually looking for someone to explain the whole capital gains funda. 😊

[jsgshzbbzhsunsns]

Very good video. I learnt a lot. Thankyou very much sir.

[shakuntalasonar]

Jai guru great master antarik pranam salute to your efforts great job 👍🏽👌🏽🌹🙏🏽

[SidUnited]

Hi @amitsengupta In your example you have LTCG as 10% but previously it was 20%. So the tax would be 4 lakh instead of 2 lakh.

[saaranshshergill]

So far as property is concerned, there is going to rise in black money involvement. People are gonna do registry at much lower price and take cash overall the flow of cash in our economy may rise . It won't do much benefit to govt. except in some circumstances.

[abhigoda]

Earlier it was 20% LTCG with Indexation. Now it has been reduced to 12.5% without Indexation. 10% LTCG was for listed securities.

[maanyaupadhyay]

Very good explanation as if an actual CA has been explaining in very simple words. But tax overall in India is really with the cost of living and services provided here. The next time the government can start asking you to pay taxes for the air we breathe and they are going to say air is scarce it is polluted and we are sending tankers from big corporations like Ambani and Adani. Why is the common man always hurt by these actions of government.

[globaloffice.]

Most simple explanation. Even your CA's don't explain all this. Great work.

[SatyamRaina]

But the ltcg tax on property was 20% and has now been brought down to 12.5%. What differenc would that make and how does that play out in the example you've used? I was hoping that would also be covered. Because you have explained it so well, applying that what things is the government discouraging us for?

[amit.tripathii]

6:15 LTCG tax was 20% in old rule..Please correct it.

Reference: The long-term capital gains on real estate was 20% with indexation benefits. Though LTCG has been reduced to 12.5%, there will be no indexation benefits now.

[NickMaverick]

Sir please make a detailed video on each topic of budget