in india,it has been a tradition of "you sold a piece of land and this happens: you get capital gains and there is not a lot of exemptions (another house, agri

in india,it has been a tradition of "you sold a piece of land and this happens: you get capital gains and there is not a lot of exemptions (another house, agri land) so you pay your taxes at indexed cost of acquisition. the "price" set between buyer and seller at the time of registration is added 5-7% "stamp duty". so $ 1 mil + 5 % to govt= paid by buyer. this is true for all subsequent sales so when the next buyer wants to see it at 1.5 mil, 5% is taken on 1.5 with no adjustment. this increases the cost of property but the government gets a huge chunk of tax revenue. then there is area wise "property tax" which is an annual tax paid to local municipalities, small but it adds up. when you are building a house, you pay "GST" or indirect tax on all consumables, wood, steel, cement, sand, bricks, glass, appliances, tiling, roofing, electricals, every darn thing and you cannot "claim" this tax as input so the government gets this. what more do you want them to impose?