Winners and losers of Budget 2024 | Who gained and who lost?
Published: 2024-07-27
Status:
Analyzed
Published: 2024-07-27
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Physical gold purchases will be cheaper in the future due to reduced custom duty.
"buying physical gold in the future will now become cheaper"
Pending
Existing Sovereign Gold Bonds (SGBs) are predicted to yield less value at maturity due to gold becoming cheaper.
"the value of these bonds can fall significantly because gold has become cheap, you will get less value on maturity"
Pending
Private sector employees will receive greater benefits from NPS due to increased employer contribution limits.
"now even a private sector employee will be able to avail more benefits."
Pending
Income from equity buybacks will be taxed as dividends, according to the investor's tax slab, starting October 1, 2024.
"the income you earn through buyback will now be taxed like dividends from 1st October 2024"
Pending
Investors in unlisted shares, real estate, unlisted bonds/debentures, and gold will no longer receive inflation indexation benefits, potentially increasing tax liability on capital gains for assets purchased after April 1, 2001.
"the government has removed the indexation benefit from all these assets, meaning if the value of these assets has decreased due to inflation, then you will no longer benefit from it. This is for those assets which were purchased after April 1, 2001."
Pending
The removal of indexation benefits for real estate will lead to an increased tax liability for investors.
"No indexation benefit will actually increase the tax liability."
Pending
Individual tax liability will decrease due to an increase in the standard deduction from ₹50,000 to ₹75,000.
"the government has increased the standard deduction from ₹50,000 to ₹75,000, which means your tax liability will reduce."
Pending
Physical gold purchases are predicted to become cheaper due to reduced customs duty.
"buying physical gold in the future will now become cheaper"
Pending
The value of existing Sovereign Gold Bonds (SGBs) is predicted to fall significantly, leading to less value upon maturity for current investors.
"the value of these bonds can fall significantly because gold has become cheap, you will get less value on maturity"
Pending
Private sector employees are predicted to receive more benefits from NPS due to increased contribution tax exemption.
"now even a private sector employee will be able to avail more benefits."
Pending
Income from buybacks will be taxed as dividends, according to the investor's tax bracket, starting from October 1, 2024.
"the income you earn through buyback will now be taxed like dividends from 1st October 2024, that is, according to the tax law of the investor"
Pending
The removal of indexation benefits for assets purchased after April 1, 2001 (such as real estate) is predicted to increase tax liability.
"No indexation benefit will actually increase the tax liability."
Pending
The increase in standard deduction from ₹50,000 to ₹75,000 is predicted to reduce individual tax liability.
"the government has increased the standard deduction from ₹50,000 to ₹75,000, which means your tax liability will reduce."
Pending