indexation benefits for LTCG taxation, Leader of Opposition Rahul Gandhi today said that the middle-class, which banged thalis and light torch during on Prime Minister Narendra Modi's request has been stabbed by govt in the Budget.
ET Guide to ITR
Which ITR form salaried taxpayer should use
What is the penalty for filing ITR after the July 31 deadline
ITR filing: Claim these 4 deductions to reduce your tax outgo
«The middle-class was the biggest supporter of Modi ji. They played thali for you, lit up mobile phones during Covid on the request of PM Modi. You've stabbed the middle class of India with a knife in the back and another in the chest through indexation removal and the hike in LTCG. It's unfortunate. However, for the INDIA bloc, there's an unexpected advantage,» he said.
Rahul Gandhi also used the metaphor of 'chakravyuh' to describe what he sees as a climate of fear pervading the country. He criticized the 2024-25 Union Budget, alleging that its main purpose is to bolster monopolistic capitalism, political control, and the deep state. During the Lok Sabha debate on the budget, Gandhi likened the pervasive fear to a 'chakravyuh,' asserting that it ensnares everyone, including BJP MPs, farmers, and workers.
He drew a parallel to the Mahabharat legend, where Abhimanyu was trapped and killed in a 'chakravyuh'—a complex, multi-layered formation. Gandhi noted that this formation is also known as 'Padmavyūha,' resembling a lotus, which is the symbol of the BJP.
«We will dismantle the 'chakravyuh' that has been