It is not a miss It is an imposition that now the government will take higher capital gains tax I am principally opposed to capital gains
By: Value Research
tax simply because capital gains is entirely a function of me investing in a stock I'm actually selling my ownership of a company,
that appreciation should not be taxed because the company in the first place has paid the taxes So, on that front,
I'm opposed to it Going up from 10 to 20, 12.5 is 25% hike in capital gains tax That's disappointing Section 80C is being actively discouraged in the new tax regime Indexation has still not been provided in any of these investments If my money grows by 5%, I have to pay tax on 5%,
12.5% of that, if I hold it for five years Effectively, 00:00:43:19 - 00:00:44:17 my money has 00:00:44:17 - 00:00:46:08 gone down in value So, the whole idea of incentivising long term saving was to encourage people and reduce taxes Here, it is not reducing taxes It is being imposing something which is quite severe
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