Capital Gains on Sale of Property in India | How to Save Capital Gains Tax on Sale of Property
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- Опубліковано 27 жов 2023
- 15. In this video I have explained, capital gains on sale of property in India and how you can save capital gains tax on sale of property.
Real estate is a popular investment option in India but a majority of real estate investors are not aware about impact of capital gains in real estate, exemptions available to save capital gains tax and how to save capital tax on sale of real estate. I have covered what is capital gains, how a real estate investor can save capital gains tax and common doubts and questions that majority of real estate investors have.
In this video I have explained
1. What is capital gains on sale of property
2. What is short term capital gains
3. What is long term capital gains
4. How to calculate capital gains on sale of real estate
5. How to calculate long term capital gains
6. Short term capital gains tax
7. Long term capital gains tax
8. How to avoid capital gains tax
9. Exemptions under section 54 to save capital gains tax on sale of residential property
10. Exemptions under section 54 F to save capital gains tax on sale of commercial property, plot and land
11. Exemptions under section 54 EC to save capital gains tax on sale of property
12. Capital gains account scheme
13. Common doubts and questions that real estate investors have
14. Capital gains loss adjustment
15. How to save tax on sale of property
16. Avoid capital gains tax on sale of house
17. Real estate investing
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About This Channel
I am not a property broker or a real estate consultant and I do not sell real estate
Who Am I?
An Entrepreneur & Real Estate Educator. I have worked with top developers of the country and have been an entrepreneur into Proptech space
This channel, Flats and Keys, is purely a real estate content platform created to help young Indian's know the unknown about buying a property in India
This channel is for education purpose only and Information shared in the videos is bases on my experience in the Industry
For any queries, questions or collaboration, you can connect with me on
Email info@flatsandkeys.com
Whats app 9625111400
Note: there are no other mobile number or email ID associated with the channel
#capitalgainsonsaleofproperty #capitalgains #capitalgainstax #realestateindia
Hi Rohan, Thanks for sharing the important aspects on all the three sections.
great video. cleared all my doubts. thanks. keep up the good work
बहुत ही अच्छी तरहसे समझाया है 👌
Really a worth guide line. Thanks for your valuable information
Good video, nicely explained in simple and easy langauge. Thanks
Very useful video. Thank you sir!
Many thanks for sharing the valuable info. 👍🏼
it was really helpful; you cleared lot of doubts.
V valuable and detailed.
Very clear cool calm useful sir 🎉
Very nice informative video. Thanks 😊
Very informative. Thank you.
Very Good Explaination Sir!🙏👌
Explained excellently
Good compact information.
It is very informative video. Thanks for sharing👏
Wonderful video with very useful information.
Really nice informative video
N
Keep making new video on other topics
very good insight given
Thank you so much for the info
Very informative video
Very good and informative
Excellent
Good information
👌👌👌
Good information
Brilliant ❤
Nice video
सर बहुत अच्छा और जानकारीपूर्ण वीडियो.. आप डेटा और आंकड़ों के साथ बहुत अच्छा समझाते हैं मैंने कई वीडियो देखे हैं लेकिन आपके जैसा कोई नहीं..
मेरा सवाल यह है कि मेरी प्राइवेट लिमिटेड कंपनी में मेरा व्यावसायिक संपत्ति कार्यालय है और मैं इसे या तो अपने नाम (डायरेक्ट) या अपनी दूसरी प्राइवेट लिमिटेड कंपनी के उसी डायरेक्ट को हस्तांतरित करना चाहता हूं.. इसका समाधान क्या है? प्रॉपर्टी 14 साल से कंपनी में हैं
Thanks for detailed video.
My question is what about Bank loan interest we paid to bank. Let's say we paid ₹.10L over 10yrs.
reference to time line - 6:45 mins - does the option to have the property evaluated exist & is the same accepted by the government.- Kindly advice ( referring to the fair rakes value calculated by registered valuer)
Kindly guide in the matter if property is jointly owned
Clarity is needed if the new property is under construction and home loan is taken.
If we sell our other property, how can we use the capital gains to buy this new property mentioned above ?
Thank you for the useful info. For under loan property, can interest payment to bank be considered for purchase price?
Hi Rohan, thanks for the video, I have a doubt, is residential plot same as residential property or the exemptions are different for residential plot Vs residential house ? I want to know for the CG calculated on sale of residential plot what are my options - just 54EC which tops at 50L . Would appreciate any pointers .
Hi, sir, thanks,this is very informative video.can you tell me while buying new residential property first and selling old residential property within 1 year which dates are considered for capital gain? New property registered sale agreement is made first and sale deed later after 1-2 years, so which dates are considered ? registered sale deed of new purchased house and sale deed of sold out of old house or sale deed of new house and sale deed of old house?
If I sell a residential plot for 1 cr ( purchased for 90L). I will have to pay tax on 10 L or 1 cr. If I invest in bonds , I will hv to buy bonds for 10L or 1 cr. Also if I buy a residential property I will hv to invest full 1 cr or 10 L
It is very informative. Thank you. I have a question. In case of joint seller having 50% share each. Now how LTCG will be calculated. Can I take 50% of value of consideration and indexed cost of acquisition for filing in itr form 2 for both the sellers.
If a person what to take capital saving bond then what is the time period in which it should be purchased by bank and what amount.
Rohan Sir is such an amazing person. His gudance has been invaluable for me and I cant thank him enough
Always happy to help !
When we purchase a under construction house before selling the existing one, does it have to be on same financial year or we can sell the house in next financial year.
Sir very nice and informative video.. You explain very well with data and figure I have seen many video but no one like you..
My question is I have commercial property office on my Pvt Ltd company and like to transfer to either on my name (director) or my other Pvt Ltd company same director.. What is the solution.? Property is in the company from 14 years
It is a very informative video. I have a question. I booked an under construction property in 2016. Provisional allotment given on 5th September 2018. Last/ final installment payment done on 20th May 2023. Date of possession is 10th July 2023 and date of registration is 20th February 2024. Now if I sale it in May 2024, wheather the capital gain will be short term or long term. Provisional allotment date can be taken as the date of purchase for calculation of capital gain .
Rohan ji ur point on under construction property and its holding period to be considered as long term capital gain is not clear....If today I hav booked a property and builder takes 4 yrs to construct this and I get the possession after 4 yrs n now if I sell this does this counts as a long term capital ? or Do I hav to hold this property fr 2 yrs to count this under LTCG ?
Hi, if the sale proceeds of old property is used for foreclosure of loan of under construction property, is this situation treated as exemption ? If yes, within what timeframe it should be done.
Very good translate in hindi ❤
A land bought for rs. 1.5 lakh 20 years ago, current valuation of that land(as per gov) is rs. 10 lakh.A new house (constrution started on 2021 & completed on 2023) worth 18 lakh rupees was built on that land.Now, if I sell the house for rs. 27 lakhs, how much is my capital gain and how can I save tax? Thank you sir.
Can I sell two plots and invest the entire amount that came from the two properties in a residential property ?
I already have a house property.
Can I take the building renovation cost as. Improvement cost?
How the capital gain will be calculated when I sell ancestral house property which I am holding for almost 10 years.
Is this Ok Safe to go with Part Agreement with Part 20% Payment in the start to register flat on our name from Builder? Builder says , After OC They will sell keys flats to customer when they need to pay balance amount? But what will be our Cost of purchase at the end of this deal? Capital gain jyada nahi lagega na agar sirf 20% count karenge toh? As per First Agreement stated amount. ?
Please prepare video on Title of a property or flat
What date is considered as the date sale of property. Is it the Agreement date or date of sale deed.
How about sale of Plot or commercial property? Can I invest that money in GOV bonds for tax credit?
I am looking for specific to case. That is Want to sale residential plot and invest in urban agricultural land with katcha house. Is this eligible for cap gain tax?
If I want to buy property first and then sell my old property. In that case how to save capital gain tax? do I need open capital gain ac/ move saving a/c money to buy property then received sale amount into capital gain account and then withdraw?
How much is fee to find out long term CGT on inherited property ? Is there a govt agency to apply and who will tell the exact figure 😮
What happened if we pay brokerage in cash on sales consideration received in cash and cheque, will cost of expenses will be available?
Can I settle capital gain from equity against new underconstruction property whose hand over is in 3 years
Exemption under 54 EC ..suppose capital gain 50lacs is invested in NHAI bonds... after 5 years these bonds are redeemed..then amt becomes tax free or taxable in that year,,
the invested amount will be tax free, but the interest earned will be taxable.
My father purchased a house in 1992 on my name.now he is no more and i have sold it in june 2024.
My question is,would rules of capital gain are same for me as usual or some difference.
please oblige by providing solution
If I sell a plot and make LTCG in Dec last year, and I don't reinvest in another property or open a CGAS A/C by 31st July when I submit ITR, but I do it in 2-3 months after that, do I have to pay full LTCG tax or only a penalty for the delay?
Moreover, for Long Term Capital Gains from selling a plot - is it correct that only the amount of the Capital Gains must be invested in another property or Capital Gains Account Scheme?
Dear brother, please clear my doubt, I sold MIG flat located in Shalimar Garden Sahibad @ cost of Rs. 265000 that i purchased in the year 2003 @ cost of 500000, can you please guide me how to save tax is there any lower or however limit on which tax will be levied.
What is the capital gain tax on selling of apartment which was gifted property???? Please reply 🙏🙏🙏🙏
Sale less (cost to previous owner) pr tax denah hogah
I am a 70 years old senior citizen.I have purchased 6 decimals of land in the year 1990 by Rs.45,000.Now I want sell the plot for typical financial crisis. The customer will pay me hardly 5 lakhs.But the circle rate of the plot is now 25 lakhs. Nobody wants to pay more than 5 lakhs for that plot. I am agreed to sale for Rs.5 lakhs. But if I sell it at 5 lakhs, the full amount I will have to pay as capital gain tax. How can I sell the plot so that the money I can use for my personal use? Please give your kind suggestion.
Hi Rohan, thanks for this detailed video. Loved your work.
At 8:49 you mentioned that the timeframe for reinvestment of Capital Gains can be 1 year before the sale of the property.
Does this mean that if I buy a house right now with a home loan that. And if I sell my old house within 1 year from now, I can use the amount from the sale to repay the home loan and still save the capital gains from the sale amount?
@flatsandkeys I have the same doubt. Many thanks for making the video and providing such a clear explanation. Can you please help with the answer?
@@spchaudhuri , Yes that is true. You can take advantage of this provision and pay no taxes for a house you purchased earlier with in 1 year.
@@rambadey335 thanks for the reply!
Sir , i repayments my loan against sells property capital gain ? Then. I cover tax?
Rohan,
Does property purchase cost also include the loan interest payments, including interest and principal as well. So total purchase cost = Downpayment + Loan principal + Loan interest cost
Did you figure out the answer for this?
Plz help me to understand this
Invested in under construction property in pune , registration done more than 3 years
Possession not given,
Shall i sell it before possession to claim LTCG
Can i claim LTCG AFTER TAKING possession or have to wait 2 more years for selling
Is I have loan on flat and sale proceed are used to close loan . Whether I have to pay capital gain tax
For exemption 54f / can the investment be in a property outside India that you want to help your NRI kids buy ? Or is there Any way to save the tax on inheritance
Gifted property agar hum sell kare toh kya yahi rules follow hoga?
I purchased a under construction flat in 2013 so far procession is not given.Will it come in short term or long term capital gain
dear Rohan,
@ time-slice, from 7:23 TO 7:34 :-
You mentioned that we can compute the CG Tax on Sale of Property @ the rate of 10% if we do not want to apply the cost of indexation :
- - i am aware that this option is available for CG from investing in equity markets,
- - from your video, I learned that it is applicable for CG from sale of real estate (property) also
request, please can you tell me - . Under which section this rule is mentioned ?
thanks in advance,
I was also thrilled. But he is wrong. He did not do his homework well before making this video.
incometaxindia.gov.in/tutorials/15-%20ltcg.pdf@@SupratimBhowmick
page 11 , 10% is not for plots.
Fmv ke liye registered valuer list kahase laae? Kaha details hoti he inki income tax website pe toh nahi he nahi state government ki website pe 2001 ki value he kahi na guideline value nahi fmv.
Sir meri 50 guz ki gpa hy 50 ths ki ab woh 9 lac ki sail ho rhy hy uska capital gain tax kitna pay karna hoga
Can long term capital gain be put in a fd
Can my mother sell her plot and buy 2 residential houses, there is no existing residential property on her name .
What if I have multiple residential property and want to sell and buy one property
Hello your explanation was very good.Can you please solve my 2 query
1) If my capital gain is 90 lakh and i buy a new property for 80 lakh then the remaining amount of 10 lakh, can i use this amount in buying car or jewellery ?
2) Old property was in my dad's name and my dad want to buy new property on joint name, first name will be mine and second will be my dad. Is it possible ? Will there be any litigation ?
Have you got reply to seconds query ? I have the same question as well
Suppose I purchase one flat at 90 Lakhs from my own fund 1 month before selling my old flat @48 Lakhs ( LTCG approx 20L). Can i get full exemption of capital gain as i invested more than 20L LTCG before selling my old flat? Pl clarify
I have a property in joint name with spouse which I plan to sell.
In addition, I have another property in joint name with spouse plus a property in my single name.
How can now I invest the sale of existing joint names property into another joint name property to save on long term capital gains ( in the light of existing properties as mentioned above)
Parveen
Advise me
Already have residential 1 bhk property which bought in 2018.
want to upgrade in 2 bhk so bought under construction with bank loan, which registration done in March 2023.
Sold out initial purchased 1 bhk in July 2024
Will get the 2 bhk possession in June 2025 and after it paid loan amount with 1 bhk full amount.
I want to sell my residential property and plan to buy one residential property jointly with my son for which he will be taking loan also. I have in my name two other properties jointly with my sister. Out of which one is inherited. I have never taken advantage of exemption. Will i get benefit of exemption on long term capital gains or not.
Sir iam sales residential plot dt 20/2/22 & iam capital gian account dt 30/7 /22 now iam purchase Fat on my capital account maturity dt 30/7 22. So befor iam purchase flat?
My grandmother purchased a land in 1964...amount was 3000.00 ...my mom after death of my grandmother sold this land for 10 lakh in the year 2024.march. what will be the capital gain amount??
I sold my land in April 2024. can I keep that money in funds or fd till Jan 2025 and then put in CGAS
31.92 lakhs how it became 68 lalhw by revised long term capital gain can i know
Can I use capital gains from sale of old residential property to repay home loan taken for buying new property?
No
If u have buyed the property within 1 year then only
@@faisalshaikh4029 Thanks
I have same doubt 🧐
For reinvesting capital gains, do we take indexed value or absolute value?
You need to invest indexed value only
How to get the answers to our questions written in comments
I purchased a flat 9 years ago in 22lakh, now I m selling it in 18 lakh. How much I have to pay tax???
0 tax as you are already in capital loss
😂😂😂kha kharid liye bro 😜
Khn kharida tha bhai flat bta de whn mein kbhi nai kharidunga 😢
up mey kahrid liya ka
Sir
If I sell a flat for 90 lakhs can I buy a land .
For what amount I should by to avoid tax within 2 years ?
At 7:28 in your video... U have written (in yellow) "if no indexation used then10% LTCG can be deducted"... Is it applicable in case of sale of industrial property??
No
Please guide me
Below 2 houses are joint under myself and wife
--> 2018 - House in Village - LIC 8.5 lakhs outstanding loan
--> Dec 2023 - House in Hyderabad - LIC 59 lakhs outstanding loan
Planning to sell the 1st house for 47.5 lakhs.
Buyer is going loan for 40 lakhs for same LIC
He will do 7lak - Neft and 50k as cash for me
So, as I have outstanding Banker will deduct 8 lakhs outstanding from 40 lakhs and he will give me the 32 laks check.
This amount around 39 lakhs ( 32+7.5) I want to pay the loan for second house.
Please help me out if this will be taxable and if yes Is there any possibility to avoid TAX on this amount.
Capital gain on redevelopment flat ?
Sir, land ka donation apne son ko, capital loss me show kar sakte hai
Which ITR form i should file to mention short term gain...I am a salaried person.
Itr-2
Sir what is indexation 10% for long term capital. Pls provide sample
My dad bought a plot in 2009 for ₹4 lakh, which he now wants to sell for ₹50 lakh. With this amount, I plan to buy a residential property valued at ₹1.4 crore. How can we save on capital gains taxes in this scenario?
To save capital gains on 50L You will have to reinvest the entire sale value i.e. 50L in buying new residential property
@@flatsandkeys My question is, how can i adjust my dad's capital gains if I'm buying property under my name?
What is the interest one can earn in this capital gains account? Can one put money in FD? Or can one buy liquid fund with this money?
Zero interest or you may buy government bonds with a locking period of 3 years