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Real Estate Tax Shake UP ? What you should know I WeekendInvesting Daily Bytes 16 Jul 2024

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WeekendInvesting

WeekendInvesting

Күн бұрын

Пікірлер: 47
@mandarp9472
@mandarp9472 Ай бұрын
Most of the black money gets invested in real estate. This is the reason why real estate prices are not coming down.
@AlokJain
@AlokJain Ай бұрын
Ya
@Rraj88
@Rraj88 Ай бұрын
In hyd all real estate business is in politicians hand. according to my friend who is involved in real estate 20 to 30 of project value is going to politicians and bureaucrats.
@mandarp9472
@mandarp9472 Ай бұрын
@@Rraj88 Hmm. The rich & powerful will not let real estate prices cool down.
@mandarp9472
@mandarp9472 Ай бұрын
High real estate prices benefit all except the buyer of the house. 1) Local corporation benefits from higher development and plan saction fees. Also people get more bribe to sanction the plans. 2) Banks benefits from income from high amount of interest earned. 3) State government benefits from high amount of stamp duty. 4) Builders benefits by having cheap land bought few decades ago and selling the units at premiums. 5) Local politicians benefit because they get flat in the new scheme at significant discount rates. 6) Broker/ Agent benefits as higher the flat/ unit price, higher the commission. 7) Customer buying is stuck with huge loan with 20 year EMI. He has to pay Society maintenance, repairs & upkeep of flat. Customer on average gets 6 - 7% net returns if given on rent.
@nirmal886
@nirmal886 Ай бұрын
Sad but true
@apnabini
@apnabini Ай бұрын
Regarding point 7, had the same amount be invested in via SIP , he/she would have gained financial independence ...but no-one will speak that ...just keep shoving middle class to real-estate
@AlokJain
@AlokJain Ай бұрын
Good points
@MegaPurushotam
@MegaPurushotam Ай бұрын
How is it unfair for real estate when you can potentially reinvest the whole profit in another real estate without even paying any tax that too after getting benefits of indexation? If anything, it’s unfair to equities.
@AlokJain
@AlokJain Ай бұрын
They shd make it same for all
@yogeshm4806
@yogeshm4806 Ай бұрын
Gold and realestate can be bought by black money. Before changing the tax structure I think givt should first fix loopholes in acquiring the asset and then think of taxation.
@AlokJain
@AlokJain Ай бұрын
Good pt
@chandrashekharphadnis293
@chandrashekharphadnis293 Ай бұрын
Equities are very volatile as compared to gold and real estate. That is why tax rate should not be same
@AlokJain
@AlokJain Ай бұрын
I am not sure ABT that approach
@TheLionKing2345
@TheLionKing2345 Ай бұрын
Absolutely right .. equities is a risk asset .. Real estate is not.. So this logic of having same taxation is not right..
@WalterWhite-og6wj
@WalterWhite-og6wj Ай бұрын
​@@TheLionKing2345who said real estate is not risky? There are several cases of frauds, scam and land encroachment in India.
@NSEnoob
@NSEnoob Ай бұрын
That count down was lucid
@apnabini
@apnabini Ай бұрын
I wish the losses from equity after this bull run should be adjusted against the direct tax ... because common man is able to beat (under reported) inflation by investing in equities, the riches are jealous that how white money can beat black money.
@1983sandeepp
@1983sandeepp Ай бұрын
There is no benefit to end user who want to purchase for use. This will benefit only builders not common man.
@AlokJain
@AlokJain Ай бұрын
Ya
@a.s.psastry7710
@a.s.psastry7710 Ай бұрын
Yes. the Govt has to rationalize the income-tax structure particularly favoring the middle class who are wealth creators and contributors to the tax system.
@AlokJain
@AlokJain Ай бұрын
Ya
@majidhussain7174
@majidhussain7174 Ай бұрын
If Long term capital gain tax for equities is increased to 20% 70% retail investors (including me) will leave the market. That would be a disaster for any country.
@AlokJain
@AlokJain Ай бұрын
Where wud u go
@majidhussain7174
@majidhussain7174 Ай бұрын
@@AlokJain Reason for leaving equities at 20% tax is the "risk", Returns are the byproduct of Risk we take in equities, I would be happy to diversify in asset classes that are less riskier than equities and still accept less returns, why should we take risk if major chunk goes in tax. My point is increasing Tax is not just the solution of definition any equity class.
@sankar_r
@sankar_r Ай бұрын
What an insight, sirjee!!! 😊
@ashishahuja8605
@ashishahuja8605 Ай бұрын
Real estate gets benefit of exemption under section 54
@pingpong9005
@pingpong9005 Ай бұрын
Real estate has become unaffordable for majority of people...
@AlokJain
@AlokJain Ай бұрын
Yup
@subodhadavadkar7158
@subodhadavadkar7158 Ай бұрын
Hello sir, I created a smallcase of 12 listed NSE + BSE Realty index stocks (equal weightage) on 4th Jan and sitting on 28% gains already hoping to hold for the longer real estate bull run expected as the RBI cuts rates
@AlokJain
@AlokJain Ай бұрын
Ok
@dm5665
@dm5665 Ай бұрын
But real-estate prices are very high vs income.
@mandarp9472
@mandarp9472 Ай бұрын
If it is so easy to make money from equity markets, then why government has not yet created Soveriegn Wealth Fund like Singapore and invested in US markets including S & P 500.
@AlokJain
@AlokJain Ай бұрын
Haha
@gopakumar485
@gopakumar485 Ай бұрын
very informative
@AlokJain
@AlokJain Ай бұрын
Tks
@letthemgth
@letthemgth Ай бұрын
nice summary
@AlokJain
@AlokJain Ай бұрын
Tks
@GetLiveInLife
@GetLiveInLife Ай бұрын
Today Nirmala ji introduced 12.5% tax on property sale without indexation benefit. Below are my 2 queries regarding this change: 1. Does it mean that if I sell any property this year will attract flat tax of 12.5% on the gain, irrespective of how old the property is? 2. Will this tax be applicable if I sold any property before July 2024?
@AlokJain
@AlokJain Ай бұрын
pls ask a CA on this.... i dont want to risk giving wrong info for actual transaction
@GetLiveInLife
@GetLiveInLife Ай бұрын
Ok thanks 🙏
@maitreyab
@maitreyab Ай бұрын
How long do you think this rally will continue any estimate???
@AlokJain
@AlokJain Ай бұрын
Nobody knows
@Rags1982
@Rags1982 Ай бұрын
Can i subscribe to multiple small cases and invest thru aingle dmar account? I am not sure how it works if the multiple smallcases have overlapping stocks.
@AlokJain
@AlokJain Ай бұрын
It will not matter if multiple smallccases are done in single demat.
@Gbhk5684
@Gbhk5684 Ай бұрын
sir 95% log Hindi samaste hai,sir only5% ke liye English videos,please hindi
@AlokJain
@AlokJain Ай бұрын
Ok
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