Alao 3 lacs crores form women alone.....well as a man i have decided now to respect people who avoid taxes through black money. Basically my government has told me.... keep working like a workhorse amd give us money else we will put u in jail.
Mr Aadi you know what you bring by getting Sanjay sir explained this , first of all let me say this bluntly , if anyone who really wants to understand the typical points regarding budget pl listen him and believe me you will understand many things. Wisdom man the Sanjay sir pranaam. Har Har Mahadev
0. Thanks Adi for getting over Sanjay for this podcast which clearly explains lot of issues in plain words!!! 1. Describing Fiscal Deficit as % of GDP is misleading; we should specify it as % of total expenses. As Sanjay says, our total expenses are 48 lac crores but receipts are about 32 lac crores leaving borrowing of 16 lac crores!!! So we need to control expenses rather than reduce taxes or increase GDP so that taxes go up!!! 2. Further, FM should announce how much is the total outstanding debt of Govt and this is equal to how many times the current receipts of the Govt. Once you give this information, any ordinary person including housewives, will understand financial position of Govt in a much better way, rather than as % of GDP etc. Economists or financial analysts can have their own metrics. 3. On personal taxes, by 2029, Govt should have 0% tax up to 6 lacs of taxable income and 5% tax up to 12 lacs of taxable income. Other slabs can be decided in whatever manner. This will give relief to all lower and lower middle classes and will be a feel good factor before 2029 election. 4. On capital gains, Sanjay explained very well practical aspects of the taxation. This must be explained to all by someone from the Govt. 5. Thus, overall it is a practical no nonsense budget where what is going to be done is mentioned and no grand standing on disinvestment, banking reforms, insurance reforms etc. These can take place anyway during the year. Modi 3.0 should continue in this manner. In particular, direct taxes code promised by FM is a big idea. If this can be done, it will be a big reform. 6. It must said that Modi Govt should link PAN and Aadhar to collect details of all financial and real estate assets of all and we should be taxed on higher of income tax or wealth tax, which can be levied on total value of assets ( including agricultural ones) being above some threshold, say 5 cores etc. This will control effect of black money and every one will contribute by way of taxes. 7. Currency notes of above 100 rupees must be withdrawn immediately as we have achieved adequate level of digitization including e rupee by RBI!!.
@@weathercoverindustrials3671 become entrepreneure become CA, become lawer and ofcoz become someone into POwer and start looting and corruption. everything is required, in todays time. bloody corrupt system
Sanjay ji , you clearly stated the exact way of looking at budget . Past few years speculation on RE and Sharemarket has increased . Also incentive to cash out is reduced to stop speculation and also enable to keep it longterm .. bull and bear market has become volatile which adds into speculation . If you are a speculator then pay taxes becoz speculation is not good for real growth ..
Mechanical engineers, they don't want to operate sophisticated machines. In abroad people who work do electrical, Mechanical & electronics & payed well.
Benefits are reaching to middle class indirectly but im in support of tax relax as well to middle class sort of but only when freebies socialism is abolished and reservation as well.
You cannot benefit 1 billion middle class (excluding the rich and the poor) people overnight. Bharat has faced 1300+ years of systematic destruction. We have the good fortune of taking first steps towards development and leaving the legacy of a developed nation behind for our children.
One solution is BTT,Banking Transaction Tax to solve all problems,but don't know why government is not shifting to BTT? Due to Demonitization and efforts taken by Govt,we are doing cashless payments,Aadhar card is linked to bank account,bank accounts are made by government schemes so BTT is possible now. Ban 500 Rs notes,apply Tax on debit by 1%. Government can achieve same revenue.
Prestige group, a major realtor in Bengaluru, does not accept any cash from its customers. I am an owner of one apartment in one of their properties. I paid every single rupee either in cheque, UPI or online NEFT route.
When my mother controlled finances in our house it used to be like this, Nirmala Maaji is like my mother. When my mother threw numbers at us, we accepted whatever she said. Quite boring it was indeed.
Sanjay Sir should come more as a guest. Truth bombs dropped every minute❤. Thanks Adi for getting him, this was a real review of the budget. Most news channels had such political crap going on yesterday. Even Firstpost was disappointing.
I think the budget was quite thoughtful and good though it failed to excite people.The idea of offering stipends for skilling and internship was excellent for our youth which will also eventually promote entrepreneurship.Cancelling of indexation in housing will cool down the housing demand somewhat and housing may become more affordable.Though govt did not give enough direct benefits on personal income taxes but it did a great deal indirectly.
मुद्रा लोन बहुत-बहुत अच्छी योजना है । काश यह योजना 30 वर्ष पहले आई होती तो मैं अपनी युवा ऊर्जा का अपने पक्ष में सही उपयोग कर पा या होता । तथापि मै इसका सफलतापूर्वक उपयोग कर रहा हूँ । यद्यपि बड़े उद्योग पतियों के मुकाबले हमें लगभग 3%अधिक ब्याज चुकाना पड़ता है ,जो कि अन्यायपूर्ण है ।
Salary person ke liye extra income ka ek hin jaria tha. Stock market. Uska bhi 20 percentage sort term capital gain par or total income par bhi slab ke hisab se 10 to 30 percent. Means 50 percent tax govt le legi. Pls justify, black money par 30 percent or salary person ke mehnat ki kamai par approx 50 percent.
32:33 - 33:27. The best advice any young successful person can give to another 18-29 youth. But the thing is, society, people and your own parents wants are opposite to it. Play on guys. Jo doob gaye, vo paar karna chahte the, Jo paar hue, doobne ki khwahish kabhi unme bhi rahi.. 🫡 Soldier on!
As investors people have taken the risk and market rewarded them with the returns. Why do investors have to pay extra 2.5% ? It is investors who owned the risk not the govt. Why do they need the extra cut?
What is the logic of short term capital gains of 20%. All costs and risks belong to investor. Govt dont spend a penny. Neither it is in a position to stop frauds and market manipulations by big sharks. Interest on SB account and FDs all taxable and does not cover even ocost of inflation. To maintain fiscal discipline the govt should reduce borrowings by reducing freebees. Existing tax payers are being crushed further by increasing Tax rates, abolishing deductions, and illogical abolition of inflation indexation. It is very unfortunate
इस बजट में आम आदमी की दूसरी के साधनों पर जमकर टैक्स लगा दिया है जैसे कि शेयर बाजार का प्रॉफिट बैंक इंटरेस्ट सभी तरह के डिडक्शन गायब कर दिए ह्यूमन डोनेशन पर भी डिस्काउंट नहींहै
These rate changes lead to implementation of Direct Tax Code, effectively 30% rate on everything. Band baja rakhi hai. SD ji ko kya jata hai, unko inflation adjuated pension milti hai😮 Central ne freebies banta nahi but states like MH toh bant rahe hai Diveatment karne me fat rahi hai CG ki aur baan rahe hai
Fixed deposits are heavily taxed under TDS scheme. Inflation is hovering around 8% whereas fixed deposits after tds on interest gives us around 6.5%. Dixit sir you have been able to create your nest egg because of low tax regime in the past but think about us who are earning despite reservations and savings being taxed again and again. PPF is at 7.1% and not been increased despite RBI saying that it lags behind by 60bps as per defined formula. Long term Savings in equities are also punished by bjp. No long term tax existed before 2018. STT was brought instead of long term tax. BJP kept both. We are trying to follow america in taxation policies but are atleast 50 years behind in progress. No facilities or priority is given to tax payers. Freebies are distributed to weaker section whereas tax payers are being constantly punished. India is fast becoming a hard place to survive. Policians are either dedh shaanas or Pappus.
Sanjay Sir, Gujarat may be an exception as its entrepreneurship culture is long standing. In other parts of Bharat, where such history has been interrupted due to several reasons, pls notice how people are willing to get handouts and aspire of govt jobs.
Sanjay Sir, On purchase/ selling of property with 100% white money, it is happening on ground. Many people, specially those who have only accounted income, insist on all white transaction.
There are instances where seller insists upon receiving total check. The change in indexing of real estate has been compensating change in capital gains rate to 14.5%
Sanjay Bhai. I agree with your arguments. But but but, only way to beat the inflammation, meet the requirements of daily life, expensive education, expensive health, houses, car every 10 years and RETIREMENT, people play with property and Mutual Funds. Because GOVT is non existent in helping the middle class once the SALARY stops.
20 लाख तक की आय पर केवल ५% टैक्स लेना चाहिए ताकि अधिक संख्या में लोग ख़रीदी करें तभी इंडस्ट्रियल एक्सपेंशन होगा। तभी प्राइवेट कैपेक्स होगा। अगर लोगों के पास खर्च करने के लिए धन ही नहीं होगा तो entrepreneur किसे बेचेंगे।
This government call themselves chanakya but didn't follow him. Chanakya said in arthashastra tax shouldn't be more than 5% . Just like bees suck honey from flowers without damaging it similarly States should collect tax from subjects without harming them. Income tax should be from 2-20lakhs 5%, 20-50 lakhs 10% and above 15%. Similarly GST rates should be brought down. 28% is not tax its a dacoity. Lower tax rate would encourage more people to pay tax.
its sole decision of government to Choose sectors needs to be prefefered for boosting according to needs of time and situations. so budget is budget only it can't be good or bad. those getting extra its great for them and from sector where its taken starts cribbing. it can't increases/dicrease total amount of money govt has.
संजय जी. मैंने 20 साल पहले फ्लॅट लिया था 5.38 लाख में और 2023 में बेचा 39 लाख में. 2004 में भी मैने बिल्डर को 1 रू भी cash ना दिया, और जब 2023 में बेचा उससे भी 1 रू भी cash ना लिया. इसका एक महत्त्वपूर्ण कारण ये है की real estate market इतना गिर गया की builders फ्लॅट्स बेचने के लिये बहुत बेकरार हुवे है. कई फ्लॅट्स तो 5 साल तक भी बेचने में असफल रहे है builders. कम से कम महाराष्ट्र में तो ब्लॅक भूल जाओ, rate में 40 से 50 प्रतिशत छूट दे के भी बेचे है. बाकी राज्योमें हो सकता है, महाराष्ट्र में salaried employees घर खरीदते समय, कोई ब्लॅक नहीं देते.
All smart people will invest more now in equity market, less in FD and real estate and not because they are aggressive investors, the capital gains changes are not fair for higher value city voters who need to upgrade their flats to larger ones as indexation start point was 2001 value as 100 a retrospective change😢
How about tackling corruption in the government sector expenditure a minimum 30-40% can be reduced, for example what is the projected life of a road and how much is it actually. If this wasteful spending is avoided at least that relief can be passed to the salaried class.
