Can FM Nirmala Sitaraman exempt capital gain tax from the investors?
Today India 's FM and more eminents in the public forum declared about the said new project which is related with international capital markets.
She said she is officially announced and herself tested the software and earnings.Now some national and some private bank, insurance have been associated.
First time in India being a FM overruled her oath confidentials.
Now she said out of Rs 21 thousand investment an investor will get Rs 15 lakh within time span 30 days.
Ok freedom to acquire properties are in act citations.
But FM Nirmala has extended the income tax exemption limit but she has not made any correction on capital gain tax.
If one investor gets Rs 15 lakh out of Rs 21 thousand think how much will be capital gain tax of such ultimate.
How Nirmala Sitaraman is making plans and vigors are mocking to all.Here capital gain tax is 12.5% so at the Rs 15 lakh return the investor will pay Rs 184875 as capital gain tax.
How Rs 21 thousand rupees can make 17442 USD that is as magic or illusion capital god knows.
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