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ETVBHARAT
  • 1/6/2025
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00:00by the housing sector, energy sector and the NGO sector.
00:04So all this was the discussion today.
00:06Sir, there was a lot of back and forth last time in terms of the capital gains tax on property.
00:11Did you get a chance to address this to FM in this meeting?
00:15Yes, we did discuss regarding capital gains tax also
00:19because fortunately the best part has been that
00:23the capital gains tax which was originally 20%
00:28was brought down to 12.5% in terms of it
00:30plus whatever is the old schemes were also protected.
00:34So those things have already been given, go by.
00:38But the idea was now, like for instance in case of capital gains,
00:42if I sell a house and I buy two houses,
00:46that is capital gains tax exempt.
00:48But then if I have three children and I want to buy three houses,
00:52there is no exemption for capital gains.
00:56So all these details have been mentioned
00:58as to what are the loopholes which are still not being taken care of
01:02and we will then definitely try to address those issues
01:06and we put those ideas to the Finance Minister
01:10who kind of appreciated what was there
01:12but of course we all look forward to see what she accepts
01:16and what happens due to the constraints of the whole thing.
01:20But one thing was very clear to us
01:23that they want a growth of the country,
01:25they want a better environment to be created
01:28and all in all, nobody talked about shortage of money,
01:32availability for the purposes of good projects
01:35for the country or for the environment.
01:37There was also a talk relating to manufacturing side
01:41and how we can do this,
01:43housing to be considered as infrastructure status,
01:46how the funding could be made available
01:49so that more affordable housing and those things can also come up.

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