Taxes on Capital Gains: Finance Minister Nirmala Sitharaman presented her budget for the financial year 2025-26 in Parliament on 23 July. In this budget, she talked about increasing the tax on capital gains in equity and debt instruments. The government had increased the short term capital gains tax from 15 percent to 20 percent in the budget.
At the same time, it was proposed to increase the long term capital gains tax from 10 percent to 12.5 percent. After this change, there was a lot of disappointment among the investors and its effect was also seen on the stock market. Many investors are still asking the government to reconsider this decision.
Vijay Kedia made this request to the Finance Minister by singing a song
Vijay Kedia, one of the country’s leading investors, has made a special request to Finance Minister Nirmala Sitharaman by singing a song. Sharing a video on his official social media platform X, Vijay Kedia has shared a song titled ‘FM ji FM ji, itna tax main kaise bharun’ for Finance Minister Nirmala Sitharaman. In this song, he has sung a song taking a dig at the government’s decision to increase tax on capital gains. Music by composer AR Rahman and this is a song from the film Bombay, whose lyrics have been given by Vijay Kedia.
This song on tax by veteran investor Vijay Kedia has gone viral on social media. Through this song, he has tried to convey the message to the government that earning money through the market is not easy. There are many types of risks involved in this, due to which the investors’ blood pressure and sugar level increases. In such a situation, the government needs to pay attention before increasing the tax on this income.
FM ji FM ji, how can I pay so much tax.🤒 https://t.co/haOSsfnQgp pic.twitter.com/qzBsMckCfB
— Vijay Kedia (@VijayKedia1) August 2, 2024
Social media users praised
This song of Vijay Kedia has gone viral on social media and people are sharing it a lot. Many users are praising his voice and writing that through this song he is giving competition to AR Rahman. At the same time, some users are requesting the government to pay attention to their words and withdraw the decision to increase tax on capital gains.
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