Chartered Accountant | Content creator | 100k + Community | Sliding into your feed to talk about finance and career progression | Management Consultant | Ex - Deloitte, KPMG
5 ways how the government cheated taxpayers in Budget 2024? - Simplest explanation ➡ Swipe to know how *** Follow Meenal Goel for more such insightful content 💡 #finance #linkedin #budget2024 #personalfinance
Facts:: In India only less than 4% of the population pay income tax. Also, Most of them file returns. In India most of the people earn less than 15 lakhs per year. People earning less that 10 lakhs save 5% in taxation. Also standard deduction gives more savings. How is it choona lagana? Also, On real estate sale tax rate is standardized to 12.5% on long term capital gains reduced from 20%. Capital gains is an indication of fluctuations in the market. So giving additional gains is meaningless. People falsely claim many additional benefits. As a CA you should be promoting more realistic and hollistic view than spread propaganda like chuna lagana. At the end of the day money is spent on the Airports, National highways, millitary etc.
Krishna Agarwal
1mo
Exceptionally great content! Kindly connect for more valuable insights.
Formerly senior Producer at News9 Digital
1moAs a CA please pause & reflect on what you write. Explain the indexation properly. There is at best a marginal rise in the quantum of tax to be paid. Your PPT doesn't dwell on the fact that the rate of taxation on property is now down from 20% (with indexation). I would have expected you as a CA to advise people to ensure that clients or people keep proper paperwork for purchase of land (particularly after April 1, 2001) and for purchase of gold.