Removal Of Indexation Benefits Will Help Most Tax Payers, Says FM Nirmala Sitharaman

#modinomics #budget2024 #nirmalasitharaman #taxpayer #budgetwithbt
The government’s shock move to end indexation benefits on several long term capital gains while lowering the tax to 12.5% from 20% has taken most by surprise. There’s fear that the move could considerably hike the tax outgo of those selling their house property. Finance Minister Nirmala Sitharaman in her post-budget press briefing addressed the concerns saying that the government’s decision will benefit most taxpayers. Finance Ministry officials also explained the logic behind increasing the short-term capital gains tax.

#CapitalGainsTax #IndexationBenefits #TaxReforms #NirmalaSitharaman #IndianEconomy #UnionBudget #TaxPolicy #HousingMarket #EconomicPolicy #FinanceMinistry #ShortTermCapitalGains #TaxpayerBenefits #PostBudgetAnalysis
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