What is Capital Gain Account Scheme ? | जानिए कैपिटल गेन अकाउंट स्कीम क्या है ? | CA Anoop Bhatia

Tax Planning Course: taxplanningforsalariedemploye...
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. नमस्कार दोस्तों, इस वीडियो के माध्यम से आप तक कैपिटल गेन अकाउंट स्कीम 1988 से जुड़े महत्वपूर्ण प्रश्नों का हल प्रस्तुत है जैसे कि कैपिटल गेन अकाउंट स्कीम क्या है ? इसका लाभ कैसे उठाया जा सकता है ? इस स्कीम में रुपये जमा करने कि अंतिम तिथि क्या होती है ? इस स्कीम में कितने प्रकार के खाते खोले जाते हैं ? जमा राशि का प्रयोग कैसे किया जा सकता है इत्यादि। आशा करता हूँ आप इस वीडियो को उपयोगी पाएंगे आपके बहुमूल्य कमैंट्स एवं सुझाव सादर आमंत्रित हैं।
Dear Friends, this video is an attempt to provide you an insight over the important questions pertaining to Capital Gain Account Scheme 1988. Like this what is this scheme, why this scheme is there, how to avail it’s benefits, what is the last date of depositing amount in this scheme, how many kinds of accounts can be opened under the scheme, how the deposited amount can be used or withdrawn etc. I hope you will find it worth watching. Your precious comments and suggestions are most welcome.
#CapitalGainAccountScheme1988
#CGAS1988
#CGAS
#WhatIsCapitalGainAccountScheme
#FAQsOnCGAS1988
#FormsUnderCGAS
#WhatIsCGAS1988
#CapitalGainAccountSchemeExplained
#WithdrawalFromCapitalGainAccountScheme
Timeline:
00:29 Coverage:
01:19 Why Capital Gain Account Scheme (CGAS) ?
01:55 What is Capital Gain Account Scheme 1988 ?
03:32 Learn by Example
05:13 What is the date of depositing amount in CGAS ?
06:02 What are the types of accounts under the scheme ?
06:58 What should be the treatment of interest earned on CGAS ?
07:41 What is the procedure of withdrawal from CGAS ?
09:17 What if amount could not be used within specified period ?
10:18 Other features
10:51 Conclusion
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[@manmohansharma2724]

दी गई जानकारी सटीक सारगर्भित एवं विस्तृत है बहुत ही धन्यवाद 🙏

[@CAAnoopBhatia]

welcome.

[@kishanlal3333]

Thank you very much for tax related valuable information.

[@PuneetKumar-fv2ec]

Anoop Saheb, your sincerity, humbleness and knowledge of the subject is matchless. You are a role model for others to emulate.

[@CAAnoopBhatia]

Thanks for kind appreciation Puneet bhai.

[@bhupendraparikh1948]

78.z

[@pradeepverma6243]

Very useful for us thank you...

[@deadlysins4265]

Thanks sir for making this video. Quite helpful for common people to understand tax implications in a layman language.

[@CAAnoopBhatia]

Glad you liked it

[@Pedamkar]

Session was clear, simple, understandable to common man. I loved watching it. Thank you Sirji.

[@CAAnoopBhatia]

Glad to hear that. Thanks for kind appreciation.

[@impacttheplaceforperfectio5064]

Thanks Sir for Guidance & Your precious time ..

[@CAAnoopBhatia]

Always welcome Sir.

[@allwyncrasta6250]

you using your knowledge to needy people..that is a graet blessing and god rewards.

[@CAAnoopBhatia]

Thanks for kind appreciation.

[@satishkumar-ve7rv]

Bahut acha laga bilkul clear

[@CAAnoopBhatia]

Thanks Satish ji.

[@yt_bharat]

Amazing educator, thank you sir

[@CAAnoopBhatia]

Thanks and welcome

[@narendersinghbhati5826]

बहुत ही अच्छी जानकारी दी है आपने श्री अनूप भाटिया जी सीए साहब मैं अजमेर से हूं और यहां लोकल सीए सिर्फ आइटीआर भर देते हैं और उन्हें कोई ज्यादा जानकारी नहीं है पूछने पर बताते हैं कि एक-दो दिन में देख कर जवाब दूंगा बाद में जाने पर बैंक से बात करने के लिए कहते हैं

[@Akashkumar-pm2oy]

Thank you sir

[@CAAnoopBhatia]

Welcome

[@myeasinali9226]

Informative topics and explanation is very clear. Thank you.

[@CAAnoopBhatia]

Welcome

[@deepak0405]

Thank you Sir....very useful 🙏

[@CAAnoopBhatia]

Always welcome

[@MohitVerma-ph8ki]

Bahut achha samjhaya sir apne. Thank you sir.

[@CAAnoopBhatia]

Welcome.

[@r.malhotra767]

Hi n nice to see and hear your valuable text from income tax act and laws... Many thanks to you sir.. Myself a big fan of yours 😊

[@CAAnoopBhatia]

So nice of you, thanks.

[@drkumar146]

very excellently explained sir

[@subratadey9715]

Thanks

[@CAAnoopBhatia]

Welcome.

[@shashikantvakte8988]

Thank you sir for knowledgeable information

[@CAAnoopBhatia]

Most welcome Shashikant bhai.

[@shivrajkulkarni4628]

सर , आप एक सी ए हो और सिनियर हो , ऐसे ही कोई इन्फर्मेशन कीसी को देता नही
अपने बहुतही अच्छे और सिम्पल तरीकेसे सारी बाते बता दी ! सर आपको धन्यवाद ! 👌👌👌

[@CAAnoopBhatia]

Dhanyavaad Sir.

[@shaikhsalim9594]

very infomative sir*

[@CAAnoopBhatia]

Glad you think so!

[@madanshukla5980]

आपने बहुत अच्छी जानकारी दी है
धन्यवाद 👍

[@CAAnoopBhatia]

Welcome.

[@aroraaroras2096]

Very use full information Thanks sir

[@CAAnoopBhatia]

My pleasure.

[@iqbalahmed3299]

Sir its Very informative and helpful.

[@CAAnoopBhatia]

Glad to hear that

[@allwyncrasta6250]

your video so clear and understanding way..apprieciated,,..God bless mighty way

[@CAAnoopBhatia]

Thanks for kind appreciation.

[@allwyncrasta6250]

@@CAAnoopBhatia welcome sir🙏

[@srinivasbhata6512]

very good information, Thank You sir

[@CAAnoopBhatia]

Most welcome :)

[@vijayparikh6959]

Superb teaching

[@CAAnoopBhatia]

Thanks and welcome

[@rajivsuri8663]

Excellent Coverage

[@CAAnoopBhatia]

Thanks :)

[@arupmukherjee2097]

Nicely explained sir,Jai Hind

[@CAAnoopBhatia]

Jai Hind Sir.

[@RahulKumar-dj9je]

Thanks Sir ❤️❤️🙏🏻

[@CAAnoopBhatia]

Most welcome

[@gayatrisharma9194]

Very useful video.. Nicely explained

[@CAAnoopBhatia]

Thanks a lot :)

[@sudhamuralidharan6574]

Very well explained
Wish you had explained 2 years back

[@CAAnoopBhatia]

Thanks.

[@bhavikabhavika7927]

Beautiful video

[@CAAnoopBhatia]

Thank you

[@archanasharma1471]

Excellent

[@CAAnoopBhatia]

Thank you so much 😀

[@rajendrasadashivshinde8990]

Sir
All my doubt are with lecture
Thanks

[@CAAnoopBhatia]

Keep watching

[@archanasharma1471]

Excellent video

[@CAAnoopBhatia]

Thanks for the visit

[@padmarao7117]

Good analysis

[@CAAnoopBhatia]

thanks.

[@divyaalok5538]

Awesome Inc

[@CAAnoopBhatia]

Thanks.

[@RahulJain-qd8kf]

Thank you so much sir ❤️❤️❤️🙏🏻

[@CAAnoopBhatia]

Most welcome

[@desifamilyvlogs3228]

Anoop bhaiya, full of knowledge videos, shared with so many of my knows, ashish sharma here, ashish ji and anu ji's friend and known, keep doing good work, god bless right now hamara channel thoda chota ha, bada hote hi we will recommend your channel for sure

[@CAAnoopBhatia]

Thanks Ashish ji for your best wishes. I even congratulate you for your channel.

[@sdgupta4194]

Good

[@v.ksharma4911]

Thank you Anoop ji for your reply. I went to bank and filled form c and received DD in seller name. 🙏

[@CAAnoopBhatia]

Great.

[@niranjanvaidya9696]

Sir very nice information 🙏🙏🙏

[@CAAnoopBhatia]

Thanks and welcome

[@VedPrakash-xu9me]

Sir very good knowledgeable video

[@CAAnoopBhatia]

Thanks and welcome

[@RameshKumar-hn2vz]

Very useful sir

[@CAAnoopBhatia]

Thanks and welcome

[@zsheikha6038]

excellent sir Ji

[@CAAnoopBhatia]

Thanks :)

[@AmanSingh-uq7fj]

Very nice information captain gain

[@CAAnoopBhatia]

Thank you so much 😀

[@binodray4522]

Nice sir

[@CAAnoopBhatia]

Thanks and welcome

[@omsairam99]

Sir namaskar, CGAS me savings account open karke me paise nikal sakta hun na ...Bina bank ko bataye ??????

[@brijbhushansharma8642]

SIR. VERY. GOOD VIDEO. I HAVE GOT MAXIMUM KNOWLEDGE FROM THIS PROMINENT VIDEO THANKS SIR. B.B
SHARMA SONEPAT.O.K.SIR

[@CAAnoopBhatia]

Thanks and welcome

[@makkhanlalgupta7797]

You are like dr दिव्यकीर्त of dristi IAS coaching Delhi

[@CAAnoopBhatia]

Thanks :)

[@debopriyoroychoudhury2382]

Can the withdrawal from capital gains account scheme be reinvested into REC or NHAI bonds in the event that the assessee is not able to find a suitable investment in real estate ?

[@eswararaomanyam9554]

Describe about type B account sir, explain about the investment like infrastructure etc where can we invest then no need to pay tax

[@shitalkanitkar5995]

Thank you for the clear explanation. Can the capital gain fd be withdrawn anytime in the three years to invest in infrastructure bonds?

[@sunilkumarchaturvedi6058]

आपकी दी गई जानकारी महत्वपूर्ण व सरल भाषा में है, एतदर्थ धन्यवाद 🙏🤗कृपया यह भी बताएँ कि कैपीटल गेन की रकम का निर्धारण करने का तरीका क्या है और क्या इसके SB A/c पर सभी बैंक एक ही रेट पर व्याज देते हैं ??

[@CAAnoopBhatia]

धन्यवाद सर, कैपिटल गेन कम्प्यूटेशन हेतु आप अपनी संपत्ति के विक्रय मूल्य में से संपत्ति की लागत एवं संपत्ति हस्तांतरण पर यदि कोई खर्च हों तो उन्हें घटा कर कैपिटल गेन गणना कर सकते है। हालाँकि मेरी राय में आप अपने CA से सलाह अवश्य करें। SB अकाउंट की ब्याज दर लगभग सभी बैंकों में सामान ही होती है।

[@harshal6342]

Sir make video on Joint Development Agreement

[@subhashchanderbhatia2049]

Sir can the amount received as advance at time of agreement to sell be kept in saving bank account till the signing of the sale deed and also can the part of the advance be utilised

[@kalpeshsjoshi]

I had CG, and purchased a residential flat u/s 54f . So I deposited the pending instalment amount in CGAS acc but my CA failed to report it while filing in ITR. he said it's not mandatory to show as he included that amount in the total amount of deduction claimed. is he correct?
he clubbed that amount (CGAS amount ) in section of total exempted amount on ITR form and showed amount deposited under CGAS as 0. Pls help me regarding this.

[@deepakt9257]

Capital gain ke paise se 3 saal ke andar aap ke paas agar koi pehle se kharida hua plot hai to uss pe construction ke liye kaha sakte hain vo paisa ya plot pe nai sirf Ghar ki reconstruction pe lagana hai aur ghar bhi pehle se kharida hua nai hona chaahiye ...pehle kharinda hai capital gain ke paise se aur phir construct bhi ussi se karna hai....pehle se kharida hua nai hona chaahiye

[@soumyabumb7924]

Sir can sale consideration arise from sale of multiple house property be deposited into single capital gain scheme account ?

[@janakiramanst3128]

Sir, one doubt please. I am selling my only property which consists ground floor (two shops letout) and first floor is self occupied by me. Whether this is residential property or commercial property or 50% residential and 50% commercial ?. How should I claim?.

[@ulludacharkha]

Namaskar Sir, When property is purchased using that Capital Gain Account withdrawl, where exactly in the ITR 2, that need to be reported. E.g., property sold in FY 2019/20, LTCG 5.50 lakh, amount deposited in Capital Gain A/c Scheme is Rs. 6 Lakh. New House purchased in FY 2021/22 for Rs. 10 Lakh. Where should we need to report the same in ITR 2 ?

[@nikhilbansal1721]

Thanks for such an awesome video. Can you please answer my question.
I sold land at 65L and capital gain is around 50L after indexation. You suggested that only capital gain needs to be parked in Capital Gain Account.
So the remaining amount 15L (65-50) can be added in saving account without hassles of Income tax ? Or will that 15L be taxable as per slab ?

[@ksravan1234]

Very Good Information...........Query-: Savings Account is alraedy in SBI, Hyderabad. Customer opens a Capital gain Account of Type-A at SBI, Patna, linking to SBI, Hyderabad. For Transfer from Patna to Hyderabad, what is the Procedure, will it happen online or customer need to visit Patna or Hyderabad

[@SumitRajput-zl1db]

Sir, can we claim Brokerage, GST charges, Exchange Transaction charges, SEBI Turnover Fees, Stamp Duty, DP charges as expenses in connection with sales while calculating capital gain of listed shares ?

[@rakeshgaikwad3493]

sir please make video on how to file form G 🙏🏻

[@deepakt9257]

Sir mere mother ke naam 2 residential property hai aur ek commercial property hai ..humne do mein se ek residential property sale kar di....to kya hum applicable hain capital gain account mein apna paisa rakhne ke liye ...ya capital gain account sirf vo kho sakta hai jiski sirf ek single residential property thi aur vo hi usne sale kar di ab uske paas koi aur property nai hai residential+ commercial ya multiple properties hai jinke paas vo bhi eligible hai capital gain a count ke liye

[@SHANI1818]

Sir
For how much time the amount received from buyer can be kept in normal savings account?
I mean time period before opting for CGAS.

[@irfansiddiqui244]

Kindly make video which is more interesting like use of animation and pls keep it concise and crisp your video is informative but gives a feel of online lecture.

[@rajumr6776]

Sir, nice video.
Sir, i already declared LTCG and amount was deposited in LTCG Bank account before 2020 March. This was declared in my last year returns.
I have not used this money during 2020 Apr to 2021 Mar and money was in LTCG bank only and used this money in Aug 2021. What needsto be done in IT returns for 2020-21 Financial year. How to declare this money in 2020 -2021 Financial year returns. Pls let me know

[@sapnaarora6918]

In case of residential joint property between husband and wife (1) does it mean that each holder can purchase 2 individual residential properties, i.e in total 4 residential properties ;. (2) does capital gain of less than 2 crore apply on per assessee basis.. i.e., less than 2 crore for 1st holder of the property and less than 2 crore for 2nd holder of the property OR the correct interpretation is that the capital gain of less than 2 crore is nothing to do with joint holders it means on the property itself. Pls clarify SIR for everyone's benefit

[@mukeshgarg1909]

So interesting.most of the layman r having very little knowledge about this scheme

[@CAAnoopBhatia]

Thanks for kind appreciation.

[@ManuMusicalMelodies]

Is it mandatory to invest ltcg gain in capital gains account or we can keep in normal bank for 2 to 3 years period depending upon the investment

[@CAAnoopBhatia]

CGAS is a must.

[@subhashchanderbhatia2049]

Can the amount received as advane at the time

[@bhai1minutedekhidhar590]

Sir, is there any way in which we can use the proceeds from sale of residential property into commercial property, while still enjoying the exemption?
I am planning to sell my residential property and develop a commercial property. Please guide.,,🙏

[@dhavaljmengineer7764]

anoop sir, clear and confident voice.
if i pay my full capital gain amount before IT return date (and also before new house is ready) but registration is pending.
and not open capital gain account, is it ik??
pl. reply.
thanks.

[@CAAnoopBhatia]

Yes it may work in your favor. Pls also consult with a nearby CA for precise advise based on the facts.

[@shyamsundardas9297]

hii sir actually me bahut tension me hu. kyoki ek builder ne mere chacha ko 2014 me phasake joint venture ka agreement kiya tha aur uske sath unse radd n hone wali power of attorney bhi karke li thi. abhi is feb-2021 me us bulider ne jv cancel liya aur sale deed feb-2021 me kiya. aur payment dene ki date builder ne 2024 ki daal di. ab capital gain ki notice ayi to kya kar sakte hai ham. capital gain account scheme me hum paise nahi bhare kyoki usne hame 2024 ki payment date di hai. isase kaise bache pls sir he upay batao na

[@ra4211]

Hello sir......mene apni house property sale ki or sale ki date se 18 mahine me plot kharida hai....par mene apna amount saving account me hi rakha tha....to is case me kya hoga?

[@asifpasha4950]

If I have three house properties. I have sold one residential property and purchased another residential property during the year then can I claim an exemption u/s 54 of the income tax Act

[@baljeetkumar769]

Sir bank giving form g for withdrawal of money , even assessee buying home

[@devinderasingh9538]

property sale krk, paise use krk 1 year m property m invest kr skte h,ya iss paise ko kahi r use ni kr skte h?pls reply

[@ricky97566]

Please suggest for capital gain if came on sale of immovable property other than house

[@CAAnoopBhatia]

You should avail benefit of section 54F.

[@SanjayG2011]

Thanks for this nice video on CGAS. Kindly let me know the hassles of getting the certificate from IT department.

[@CAAnoopBhatia]

Please avail help of a CA nearby you.

[@hinalmaniyar]

Can we transfer CGAS amount to another saving account?

[@9953457376]

hi , sir ji , mere uncle n shares sale kiye h 70 lac k or long term capital gain hua h 40 lac ka to mera question h ki hame kitna amount capital deposit scheme m jama karna h 70 lac or 40 lac

[@naushadali6145]

Sir what would be the mode of withdrawal from Capital Gain Savings account?Since I have only received a passbook for this account! How can I make a payment to the property seller from this account?

[@sunderlal7943]

Sir,
Plot Sale Amt. 16 Lac
LTCG 10 Lac
LTCG Bank Deposit Scheme(For Construction Purpose) me kitna Amount deposit karna padega ?
16 Lac Or 10 Lac ?

[@AmericanAccentPractice]

Sir agar circle rate se kam mein sale kiya hai property toh bhi long term capital gain tax lagega? Yeh toh long term capital loss hoga naa gain ki jagah?

[@CAAnoopBhatia]

For capital gain comptuation circle rate will be referred to, not the actual consideration. If due to such circle rate application there is capital gain tax shall be payable.

[@pawanbhageria]

Excellent explaination Anoop. One question can I use this for long term gain received from equity both listed and unlisted. Any info will be very helpful..

[@CAAnoopBhatia]

In my opinion captial gain account scheme benefit may be availed for all types of capital gains if you are availing 54F benefit.

[@subbarao9907]

Thanks for explaining .can the capital gains amount be deposited in two or more nationalised banks.

[@CAAnoopBhatia]

Ideally one single account may be opened.

[@flyingstocks1082]

Sir excellent explanation. Could we talk some time plz.

[@CAAnoopBhatia]

You may call me at 9571055666 say in evening around 7 PM

[@RajeevKumar-vg5hg]

Sir for construction purpose can I withdraw from CGA in saving account to pay for puchase of building material

[@CAAnoopBhatia]

Yes why not you may withdraw.

[@subhashpatil6028]

Sir your vedio is very nice.
I have purchased a plot 2 years back. Now I would like to sale the said plot quickly. Buyer is already available. I do not have any residential property in my name but two flats are in the name of my wife.
Pl clarify if I reinvest sale proceeds of said plot for purchase of residential big flat in my name, in that case whether I will get exemption under Sec 54 F to save long term captil gain or otherwise.

[@MohitKumar-yb8dg]

Hi sir
Plz help me
Sir Maine ek urben agriculture land sale ki h or full amnt ko Capital gain ac m deposit kara diya . But urben agriculture land sale kare hue 2 years ho gye h or Maine abi to us amnt ko use nhi Kiya h ab m kya kru koi kya mughe tax dena padega ya kuch time or mil sakta h land purchase k liye .
Plz help me sir 🙏

[@amishar43]

If a person earns capital gain in FY 20-21(date of sale - 05.12.2020) and is going to purchase a property before due date of filing of return ie 31.12.2021. Should he still transfer the funds to CGAS and then make payment to the seller or he can directly make payment since it is before due date? Is it mandatory that the proceeds be utilised via CGAS only ?

[@CAAnoopBhatia]

In such no need to transfer amount in CGAS prima facie.

[@amishar43]

Thank you! This was very informative.

[@rajesh_m1450]

HI sir, I have received capital gain (LTCG)by selling inherited property.. BUT buyer ne full amount parts me paid kiye hai in a duration of 2 months..
Capital gain bonds Lene ke liye mujhe 6months me Lene honge..
ye 6months time period kab se start honge mere case me..*when I received first payment or *from registry date..

[@sulabhachitre312]

Sir unutilized Capital Gains a/c close karne ke time Surcharge pay.karana
Padta hai kya ? Plz explain.Thank U.

[@DineshKumar-br4ly]

Sir agar total saling amount 20,50,000 hai. Or long term capital gain only 1,20,000 hai Jo ki capital gain account Mai hai. Sir my question is that , k mujhe aage property lene Mai kitna invest karna padega. Full amount ya sirf 1,20,000 Jo ki profit gain only.

[@user-nd1sx7ns3q]

Kya sarkar se bhumi adhigrahan se mila hua muawze ka paisa pr capital gain tax lagega.

[@himanshumehta2272]

If partial amount of income tax (e.g. Saving Bank interest & FD interest, Bonus) is not paid in advance by 15th September of financial year, then is it required to pay income tax with additional interest and impose tax by end of 15th March? @CAAnoopBhatia