Punjab Newsline, New Delhi, August 7-
Raising questions on partial amendment in indexation in Rajya Sabha on Wednesday, AAP MP Raghav Chadha said the Modi government is taxing the people of the country for voting for the BJP. The only mission of the government is to collect tax. The people of the country are being taxed on everything, including waking up and sleeping, laughing and crying, eating and drinking, studying and medicine, buying and selling, road and air travel, earning and sweets.
On the amendment brought by the Finance Ministry in the Finance Bill, Raghav said that this is a minor amendment as only those investors who buy land and buildings before 23 July 2024 will get the benefit of indexation. Any property bought after 23 July 2024 will not be benefitted by indexation. He demanded from the Union FM to reimplement 100% indexation on all types of investments as before.
Expressing his views on the issue of indexation in Raghav Chadha said a few days ago we had presented our views on indexation in tax. Our suggestion was accepted by the UFM and the indexation that was taken away from the country's investors two weeks ago has been restored.