Finance
Mr. BillionhairBudget Bombshell: No Tax Deductions for Investors Anymore!
Folks, huge news! The Budget just yanked tax deductions on dividends and mutual funds! It’s a total shake-up! Investors, especially those borrowing big bucks, are in for a rude awakening! Full income taxed, no interest offsets! I told you this would happen! Leveraged investors are sweating, but long-term holders? They’re just fine! Unbelievable, folks! This is a big deal!
few days ago | Amit Kumar
Quick rundown
1.Tax deductions on dividends and mutual funds are withdrawn.
2.Leveraged investors face increased tax costs.
3.The proposal simplifies tax rules but impacts borrowing strategies.
4.Long-term mutual fund holders remain unaffected.
5.The change signals stricter tax compliance measures.
