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LTCG hiked to 12.5%. Big blow to investors.

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desiviru said:
Agree with whatever you said and other are saying who has taken a hit from tax increase.

GST on health isurance should not be there. On one side Govt don't help in any kind of healthcare package for people or we have no coverage. Have to pay ourselves and then these retards have the audacity to take 18% tax on it.

Agree with point that honest tax payers suffers the most because we are considered weak by Govt, IT department and they take us for ride whenever they want. I thrash the Govt wherever it is due.

Not only that even Senior Citizens are not spared by shameless people running offices. Atleast they should not be bothered with so many taxes in their final stage of life but Govt sucks money from them also who paid taxes most of their lives while working.

TDS on FDs is another blood sucking Idea implemeted by NDA where maturity value takes hit die to 10% deduction every quarter.

Govt give no education spend help in this country and then senior citizens also have no help or any benefit scheme. All they deserve is 0.50% extra in their tough times of life. Never understood as why is pension taxable when it is made from the corpus an employee let go whole work life. Why is pension part of salary?

A senior citizen should not be taxed on his own personal income after retirement. If someone uses say family member money to earn more or try to take benefit then tax that amount by having a way.

I agree with point that people here want to pay and honestly pay taxes but they never get anything good in return and we have the reason in front of us. Over population where rich are having 1 child and those who can't even have food on their plates for 3 times are reproducing like animals. So we will continue to pay the price for other common citizens who are illiterate enough not to stop. No matter how much good we do or Govt do, these blind people and factory of child production will never let us enjoy and most of taxpayers money will keep going down for their welfare. Govt will not stop them as they are cheap labour option. So Govt tell them to procude as much as they want so that in future they can be exploited.
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Well said man and totally agreed.
I don't mind at all taxes going for the welfare of the underprivileged !
What bothers me is that the govt doesn't care at all for us to give bare minimum benefits like an unemployment insurance (for taxpayers) or at least inflation adjust the taxation slabs.
Inflation adjustment in everything is something must I feel, otherwise it becomes double taxation as we're also paying the inflation tax.
 
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am11 said:
LTCG hiked to 12.5% (from 10%) and STCG hiked to 20% (from 15%). Exemption limit set to 1.25 lakh in a year.
I remember someone in this forum mentioning to make hay while the sun shines (10 % LTCG). Its over now.
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The reason being
Banks dying, CASA is gong down drastically, it's governments desperation to stop public from FD/SA to stocks at the cost of what?
It's a win win for government as if people stop investing/trading, Banks CASA will go up otherwise they'll get more revenue(VASOOLI).
 
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deep@vie said:
The reason being
Banks dying, CASA is gong down drastically, it's governments desperation to stop public from FD/SA to stocks at the cost of what?
It's a win win for government as if people stop investing/trading, Banks CASA will go up otherwise they'll get more revenue(VASOOLI).
Click to expand...
Whats casa? A
 
deep@vie said:
The reason being
Banks dying, CASA is gong down drastically, it's governments desperation to stop public from FD/SA to stocks at the cost of what?
It's a win win for government as if people stop investing/trading, Banks CASA will go up otherwise they'll get more revenue(VASOOLI).
Click to expand...
Funny government
To increase casa they have to give more interest for deposits
Cracky fm
 
Wealth is my birth right! said:
Funny government
To increase casa they have to give more interest for deposits
Cracky fm
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Even higher interest rates on savings/FD isn't going to save banks, they have to borrow from international lenders(if the trend continues) in order to fulfill requirement (of loans from Public) & public has to deal with the higher interest rates. So,In the end,Public will pay the price.
These politicians don't even know how much many they have accumulated.
 
deep@vie said:
Even higher interest rates on savings/FD isn't going to save banks, they have to borrow from international lenders(if the trend continues) in order to fulfill requirement (of loans from Public) & public has to deal with the higher interest rates. So,In the end,Public will pay the price.
These politicians don't even know how much many they have accumulated.
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Either lending or borrowing both involve the public into pain net to net banks survive somehow
Politics game is all together different
Loot in various departments and create an offshore shell company to create assets for next generation 😉
 
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