Exclusive: FM Nirmala Sitharaman Replies To Tough Questions On Why She Raised Tax

#BTBudgetRoundTable2024 #nirmalasitharaman #middleclassfamily #tax
At the #BudgetRoundTable2024 conference, Rahul Kanwal, Executive Director, Business Today; Sourav Majumdar, Editor, Business Today and Siddharth Zarabi, Managing Editor, BTTV engaged in an insightful conversation with Finance Minister Nirmala Sitharaman. The discussion focused on the recent tax hikes on various asset classes, including stocks, futures and options (F&Os), and the indexation of real estate. FM Sitharaman explained that the tax increases are minimal and aimed at rationalizing the tax system across different asset classes. She emphasized that measures such as indexation in the real estate sector were taken to ensure fair treatment across asset classes. FM Sitharaman assured that tax simplification remains a priority despite new changes, highlighting the GST's role in streamlining the tax structure nationwide. She clarified the hikes from 10% to 12.5% on stocks are not intended to boost government revenue but to achieve a more balanced tax framework. The government's aim is to maintain stability while simplifying taxes for broader economic equity.

#taxes #equity #governmentbudget
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[rinkukuntal]

28%GST on buying scooty and 5%GST for buying Helicopter
That's the taxation system of India😂

[Jai-]

It’s a waste of time hearing her version.. simply fooling people ..

[atatu]

It's a crime for salaried person to earn more than 7.75 lakhs in india

[Jaymilnere]

The CPI report revealed that inflation spiked to its highest level in more than two years, and that's bad news for both the economy and the stock market. but I don't know if stocks will quickly rebound for a few weeks, I am under pressure to sell my holdings or wait.

[manichat]

I am paying 30% direct taxes and also indirect taxes. I am earning for 3 members of my family and i can't afford even a small maruti car. Why my money is paid for your incompetency and your bridges are falling frequently, your trains are derailing, colliding frequently. FM will playing for opposition and will lead to BJP fall.

[YogeshPatilYT]

Taxation like USA
Services like Somalia 😢

[mahoonna]

She thinks that the public are fools . She is going to be the main cause of BJPs defeat in the near future. What a disastrous anti mid class budget when the public is going through galloping inflation.

[jugeshraja]

Just remove her from the FM.The budget is killing middle class and lower middle class people. Justifying is not solution.😤😤😤😤😤

[CrossCultural]

1:28 That's her logic. Middle class should not invest in future and options because they're middle class. But at the same time, they can pay 30% tax to the government along with 18% tax on the items they purchase.

[tapasyak]

We need a petition to remove her form the finance minister post! 🖐

[carlover]

Don't fool people, please get out from finance minister position

[mulattodavid]

The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[wangoago]

First time media asking logical question and behaving like real media😂

[fmkohbn]

Question: about Mango
Answer : about watermelon 😂

[Peoplevoice]

Nirmal Sitaraman has shown the middle finger to the middle class people.

[cgk]

he : hi, what is your name.
she : i am from india.😝😝

[pantua]

Nirmala Sitaram single-handedly destroys the future of BJP in India. I was a hard-core supporter for the BJP. But now, I am in doubt whether supporting the BJP is the right thing to do.

[PRANVIKASHA]

She is so so arrogant.. I have seen multiple past conferences as well its always the same. Just makes a mockery of others and thinks she is holier than thou. If you tax at so many levels then give something in return.

The only thing this government has done is in infrastructure and that too by collecting tolls. Its next to impossible to travel without paying toll. We pay road tax, fuel tax, income tax and then still pay toll tax.

[srinivass]

I voted for bjp. You are not doing anything great other than taxing. I regret supporting bjp. I pay direct tax around 15%. And lots of inderect tax including for my savings investment. Here after paying so much tax we don't depend on government hospitals, government schools, house rent and grocery expenses increasing every year. Not bringing GST for petrol diesel and blame GST council for this alone. I planned to get a loan to get a house and then the state and central charge around 11% and again additional charges from bank so dropped the plan itself. A credit card emi interest has GST. All many small small things you tax. She really doesn't know what a middle class is going through.

[thefurrybunniesdogs]

She is not answering for the media's question.HER REPLY IS