Raamdeo Agrawal On Union Budget 2024 & LTCG: 'More Taxation On People Making More Money'

As Nirmala Sitharaman announces changes in Capital Gains Tax, watch what Raamdeo Agrawal thinks about the Union Budget 2024.

#raamdeoagrawal #stockmarket #budget2024

--------------------------------------------------------------------------------------------------------------------------------------------------

Follow NDTV Profit here

[MrSrinivasan]

It is unfortunate that LTCG is increased. When the business profit is already taxed, Dividend being taxed in the hands of recipient. Taxation of LTCG affect the investors who saves their money. note that all the saved money is already taxed. Government is robbing the money from common public. when the momentum of investing is just started, taxing LTCG affect the interest of this.

[sandeepkv]

Bjp is gone in 2029. Worst years ahead.

[sumithmathew]

We reached a point in india that no one is bothered about middle class😢

[Ryuuthegreat]

RIP Modi in the future, we will not forget this

[prashantkashyap]

Now the finance ministry should be renamed as tax increase ministry, because in last 10 years, budget has been reduced to annual tax increase mela.

[rajg]

No one ever liked this FM…not sure why they don’t remove worst person from top positions

[sksji]

This is same as launching Vande Bharats all year and then finding that the poor never even got more general coaches to sit in.. Two Indias, two separate way things get interpreted. We see the rosy picture in the news and feel everyone is enjoying in the same boat, while on ground we are way off from the actual reality. That's why 240 seats came as a surprise, but if you would have given actual thought earlier this scene was there from last 5 years itself. And now they have alienated their core voter, the Vande Bharat traveller, the tax payer.. This govt won't last long after doing this damage it itself. It's not about 2.5% or 5%, it's about a constant shoving from past 10 years, little by little, that has now reached now beyond its acceptable limits. It's game over for BJP! I hope some sense prevails.

[durgeshpatel]

20-30% Taxed on Income. Further 12% LTCG.

These 2 factors combined will degrade the portfolio value by more than 40-50% if a retirement planning of 30 years is concerned.

Share of tax collected as direct/income tax from 1-2% of people is around 26-28% of overall tax collection.

Salaried class should be given exemption on GST or Capital gains since their salary is already taxed. This is extortion.

This will wipe out the salaried middle class.

Time to short the financial system by buying physical gold/silver.

[sksji]

With all due respect, Mrs Nirmala Sitharaman ji will go into the history books as the worst FM of modern India. And because of her, PM's reputation has also taken a very bad hit that won't recover now.

[prashantkashyap]

Core ideology of this government seems to be- disrupt any thing, any system which is working well. Particularly if middle class is benefiting from this system. Government seems to be determined to squeeze middle class to the maximum. It is middle class ka sath, middle class ka prayas and other than middle class ka vikas aur big businessman ka vishvas.

[bhuppi]

Looks like BJP is hell bent on promoting more people to leave the country and probably also losing the next election.

[sksji]

They have hit the small guy very hard. Consumption will not come from middle class as it would have, in fact people will now cut back more of their spending as they will pay more tax. STCG is biggest evil; most people who make profit in ST period are in loss in intrady (in cash market, due to many panic trades). I myself have been paying STCG from last 6 years when I have ended net year in negative. Speculation if sold same day, investment if sold next day.. BIGGEST FRAUD in the market since decades.

[next-topgaming]

People already taking risk by investing in stock markets. Increasing STCG and LTCG in this asset class is a worst decision.
Tax relief of 17, 500 translates to 1458 Rs a month. What will people buy with that much tax relief ( so called). Saying that this much money will improve consumption is ridiculous

[KingDoc]

Nirmala Sitharaman should resign immediately.

[aruns]

Why are we being charged 12.5% in long-term capital gains tax? I believe the government should allow its citizens to have the opportunity to improve their financial situations. We have already paid taxes on our hard-earned money, and it seems unfair to have to pay such a high tax rate when investing in long-term mutual funds. I kindly request that this tax rate be revised to a more reasonable level.

[RDd]

The Govt. has become insensitive and unbothered by what the general public thinks.

[manojm]

Better govt should focus on reducing over population.
Corporates need more population to do business but the net beneficiaries are corporates but not people.
Cost of living has gone up as there is no proportionate increase in all requirements at different stages of life.

[amodsainiindoria]

Only big big companies and mafias will be benefited...
.

[baburajan]

Cruel joke on taxpayers n investors!! Squeezing taxpayers n investors mercilessly!! A govt very deceitful towards middle class!! Inventing n Introducing new deceitful ways to squeeze taxpayers every time!!

[rohanpawar]

LTCG should be removed, it's indexation ia removed it's a death nail for middle class... RIP..