Very good information sir, especially about seperate account for bonds and property purchase. After Covid many people have closed business and sold property, which was getting depreciated against business income. After sell of such long term, depreciating asset one CR 54EB can be taken. Please make one video on such investments and various time duration and options 🙏
@@expertcasachinsir agr 13 lakh ka capital gain hua hai or puchase ke time loan liya tha so 9 lakh cut hoke mil rhe hai to kitna amt jama karana hoga cgas mai
I never miss your any video & have learnt a lot of practical knowledge interalia theoretical of course.Your simple & straight away style of elaborating the topic is wonderful and understood very easily by even people not from commerce background.May God bless you longevity and good health to continue with your mission of " sharing & distributing knowledge free of cast"
Purchase a landed property in 2010 by Rs 1,10,000/-, improved the property by Rs 19,00,000/- likes to sell in 2022 by Rs 50.00 lakh, what will be the capital gain tax after indexation ?
Very well explained and must say you have good sense of humor. I follow your videos and get a lot of good information. In this video you talked about withdrawal for buying new residential property where you have to provide registration documents but when you withdraw for the construction of house. what are the document you have to provide for the payments to the builder or construction?
Sir, i saw your vedio its very informative but still it didn't describe below three points please clarify. 1. If we didn't close the capital gain account till 3 years then what happened to the amount which retain within this ltcg bank account. Will it be redeem to my normal bank account after tax deduction? Or any paperwork required for the same. 2. Do we still need tax official clearance after 3 years to close the ltcg account or it will close automatically? 3. The intrest earned on this account will be credited to my saving account after tds deduction or it will be added within the ltcg account and how and when the tax will be deducted on this intrest part?
Thanks a lot Sachin Ji for this informative video. My query is not answered in your video so putting it down here. If I have purchased a residential property 11 months prior to sale of another residential property and used the sale proceeds to repay the loan for property purchased. Do I still need to deposit the amount in CGAS ?
I made capital gains from the sale of my residential property on FA 23-24, and I am currently in the process of purchasing a new residential plot for construction. Am I allowed to open an LTCGS (Long Term Capital Gains) account after July 31 but before December 31, and subsequently proceed with filing an ITR?
Sir, agr jameen ka circle rate kam ho or market value jyada ho...or buyer circle rate pr stam duty pay krne ki bol rha ho to hame kya krna chahiye... Sir please answer.
Sir, Another question, if LTCG a/c opened under section 54. Can I use this money to make part payment of residential plot ??? Later shall construct house ,using self money & bank loan. ***At present, money short for purchasing plot*** Thanks
Can I invest my capital gain from selling an ancestral property in the construction of a building on the plot of land which I already have and purchase another plot from the same capital gain ?
Sir maine ek plot sell kiya capital gain bachane k liye fir se flat purchase kr liya hu. 6 mahine hue hai kewal. Per ab flat agar bechna chahu to kya penalty hogi. Plz guide me
Sir instead of deposit the capital gain amount i have included total sale consideration in capital gain account. Total sale is 39 lakhs indexation benefit came to 16 lakhs. Now to take my excess from from capital again account
Hi sir if we sell 2 properties then how many capital gain accounts are required?? please reply. Eg : if I sell 1 property this month and the account kept in the capital gain account, and second property sold after 1 year then can I keep the 2nd properties amount in the first capital gain account or do I need to open up a new gain account.
Sir old property on father name. New property to purchase on songs name. Both are filing ITR. Can we follow same procedure which u have explained. Thanks
SIR, I sold a house in prev year and purchased a house. Now, i sold one of my shop and can i use that cap gain in construction of house purchase in prev year.
Sir मैं अर्बन एरिया में residential प्लाट लेना चाहता हूं अपने पास मौजूद सैलरी के पैसे से और कुछ लोन बैंक से ले कर, दूसरी तरफ मैं अपनी कुछ जमीन बेचना चाहता हूं जिस की डील में कुछ समय लग सकता है, क्या जमीन से प्राप्त पैसे को जो बाद मे मिलेगा मैं लोन pay करने में इस्तेमाल कर सकता हूं, कोई capital gain tax की रुकावट तो नहीं है
Very Informative video thanks I wanted to know what is time period to close the capital gain account and List of essential documents to be filled and how much time I T O takes to give the permission to close the account please let me know
I opened capital gain account in pnb but i came to know that only 2.7 per cent interest in pnb.Still not deposited cheque.❤I came to know that union bank gives 7 per cent interest.❤Now can I open account in union bank?
सर मेरे मन में सवाल है. १) मेरा पुराना लीगल रजिस्ट्रेशन अमाउंट है 25 लाख , अब मै वही प्रॉपर्टी भेच रहा हुं 40 लाख रुपये में तो इस केस मे मुझे capital A/c मे 15 लाख रुपये ही जमा करना होगा ना? २) अब मै जब फ्लॅट भेज कर जो धनराशी के रूप में मुझे जो रक्कम मिलेगी उसे तो सुरवात में मेरे रेग्युलर सेविंग A/c में ही लेना होगा और बाद में CG Scheme में जमा करना पढेगा.... या डायरेक्ट मुझे खरेदीदार से लेकरं कॅपिटल गेन में जमा करना हैं.
Excellent Sachin. What about NRI selling property, the TDS 23% is deducted at source. Do I need to keep the remaining money in capital gain account or amount can be put under NRI FD ? The interest taxable?
Sir I bought house in 2014 at 25 lacs and sold in 2022 at 40 lacs. After purchase at 25 lacs I spent around 10lacs for interior so total cost 35 lacs. But I opened capital gain with all amount of 40 lacs instead of profit amount. Now what to do to cancel the account and reopen at correct amount? Please advise 🙏
Hi sir, if i purchase new property with in two months of selling my old property. Can i make payment directly from saving account instead of opening capital account. Please reply
In case of construction, will bank pay plot payment from capital gain account scheme on which I want to construct the house? Will there be any issue from bank for plot payment?
Sir, I have a question. Suppose I Sold land for 50 lakhs on Jan'24, and purchased a new land for 40 lakhs in Mar'24 or Apr'24. If I want to construct a house on the newly acquired land, should I deposit the remaining Rs. 10 lakh on my CGAS account before July 31, 2024?
मैंने मेरा प्लॉट 35 लाख मे बेचा इस राशि को बैंक में capital gain a/c में जमा कराने के बाद क्या मे मेरे अन्य प्लॉट पर नया निर्माण करने के लिए इस खाते से राशि लेकर निर्माण कार्य कर सकता हूं या निर्मित मकान खरीदने के लिए ही इस राशि का इस्तेमाल करने पर ही टैक्स से छुट मिल पाएगी (2) निर्माण के दौरान बार बार सामाग्री खरीदना होती है तो क्या सभी छोटे छोटे भुगतान भी चैक से करना होंगे
Sir, I plan to sell my residential flat bought in Jan 2005. When I now sell my flat, I plan to invest in 54EC bonds within 6 months on my Capital Gain after adjusting the indexation cost. Do I still need to open a Capital Gain Account?
Sir, pls one video on saving capital gain on mutual funds in 54F. I got message saying 70K excemption can be claimed in 54F. So what is the amount I should put in CGAS?
Thanks Sachin ji, Pls let me know in case of 54EC, the Bonds have to be purchased after the sale of a plot is only the profit part Or the entire sale amount to save the total LTCG Tax? Thanks
Thanks for this video sachin ji, have one question on this topic. If we purchased an underconstruction property 1.5 years back and paying as per CLP plan. So, in this case, if we sell another property and want to invest long-term capital gain in this underconstruction property with opening an LCA account and pay from that for his successive demands from builder. Is it possible?
i sold the property on mar2023 and purchase a property on May 2023 by using capital gain. Sir please advise in which Assessment year i should report these values ??? May 2023 purchase date is not available when filing ITR2 now
50 lkh capital gain bank me dala aur new property 20 lkh circle rate se purchase ki to baki money jo bank me bach gaya 30 lkh usko kaise istemal kar sakta hoon, kya cash nikal sakta hoon,tax kitna katega too much or nominal
Sirjee jab payment direct party ke naam pe hota hai toh fir registry ke liye payment kaise niklega matlab kiske naam se aur konsa form se please bataaiye
Very practical videos with examples... Easy to understand!
Very good information sir, especially about seperate account for bonds and property purchase. After Covid many people have closed business and sold property, which was getting depreciated against business income. After sell of such long term, depreciating asset one CR 54EB can be taken. Please make one video on such investments and various time duration and options 🙏
your channel has intrigued so much interest in taxation , like each of your videos
Thanks 🙏
सर आप की वीडियो देख कई समस्या हल हो जाती है सीखने को मिलता है
Thanks
Thanks alot Mr Sachin ji
Very useful information
God bless you
Sachin ji pure you tube pe kisi ne is pe vdo nahi banaya and CA khud b confused rhte h Great work Sachin ji
Thanks 🙏🏻
@@expertcasachinsir agr 13 lakh ka capital gain hua hai or puchase ke time loan liya tha so 9 lakh cut hoke mil rhe hai to kitna amt jama karana hoga cgas mai
Very very informative video....thanks a lot sir ji ❤🎉❤🎉❤🎉❤🎉🎉❤❤🎉
Most welcome 🙏
Bahut achchha samjhaya hai 🙏
Very nice video dear, just wanted to know if the LTCG received by selling a residential property be split into CGAS and 54EC bonds. Thanks
Very nice 👍👍
Good explanation
Very good and informative video. Thank you so much sir.
Most welcome sir
Nice video Thanks for information 👍🙏
Thanks Sir...u r doing a stellar job...
V helpful.. clearly explained
Excellent explanation ❤
Thank you! 🙂
Informative video nicely explained
Thanks 🙏
Very nice video THANKS
Really very smart analysis
I never miss your any video & have learnt a lot of practical knowledge interalia theoretical of course.Your simple & straight away style of elaborating the topic is wonderful and understood very easily by even people not from commerce background.May God bless you longevity and good health to continue with your mission of " sharing & distributing knowledge free of cast"
🙏🏻 thanks sir a ton for appreciating
Purchase a landed property in 2010 by Rs 1,10,000/-, improved the property by Rs 19,00,000/- likes to sell in 2022 by Rs 50.00 lakh, what will be the capital gain tax after indexation ?
Very well explained and must say you have good sense of humor. I follow your videos and get a lot of good information. In this video you talked about withdrawal for buying new residential property where you have to provide registration documents but when you withdraw for the construction of house. what are the document you have to provide for the payments to the builder or construction?
Agreement or invoices
Very nice explaination 👍
Thanks 🙏🏻 keep supporting and sharing my videos
Very good lnformation
Thanks 🙏🏻
Sir, i saw your vedio its very informative but still it didn't describe below three points please clarify.
1. If we didn't close the capital gain account till 3 years then what happened to the amount which retain within this ltcg bank account. Will it be redeem to my normal bank account after tax deduction? Or any paperwork required for the same.
2. Do we still need tax official clearance after 3 years to close the ltcg account or it will close automatically?
3. The intrest earned on this account will be credited to my saving account after tds deduction or it will be added within the ltcg account and how and when the tax will be deducted on this intrest part?
Thanks a lot Sachin Ji for this informative video. My query is not answered in your video so putting it down here. If I have purchased a residential property 11 months prior to sale of another residential property and used the sale proceeds to repay the loan for property purchased. Do I still need to deposit the amount in CGAS ?
Good. Info. For c g tax ac
Interest from type B deposit can be transferred to regular savings account and taxed normally under other Income? Regards
Bahut useful
Thanks 🙏
I made capital gains from the sale of my residential property on FA 23-24, and I am currently in the process of purchasing a new residential plot for construction. Am I allowed to open an LTCGS (Long Term Capital Gains) account after July 31 but before December 31, and subsequently proceed with filing an ITR?
Why your lecture is not translated in English simultaneously & uploaded? This will help good to examine all points thoroughly.
Sir, agr jameen ka circle rate kam ho or market value jyada ho...or buyer circle rate pr stam duty pay krne ki bol rha ho to hame kya krna chahiye...
Sir please answer.
Excellent information
Sir,
Another question, if LTCG a/c opened under section 54.
Can I use this money to make part payment of residential plot ???
Later shall construct house ,using self money & bank loan.
***At present, money short for purchasing plot***
Thanks
Capital gain account open karne k liye index 2 document bhi submit karna padta hai kya ?
Well explain 🎉
Can I invest my capital gain from selling an ancestral property in the construction of a building on the plot of land which I already have and purchase another plot from the same capital gain ?
Great..Thanks
Most welcome!🙏
Sir maine ek plot sell kiya capital gain bachane k liye fir se flat purchase kr liya hu. 6 mahine hue hai kewal. Per ab flat agar bechna chahu to kya penalty hogi. Plz guide me
Sir instead of deposit the capital gain amount i have included total sale consideration in capital gain account. Total sale is 39 lakhs indexation benefit came to 16 lakhs. Now to take my excess from from capital again account
Whether we should deposit whole consideration amount or that much due for Capital gain?
Capital gain ya loss kese nikalega.Loss honese Capital Gain a/c khulna zaroori hai kia? Khali gain amount hi dalna hai capital gain A/C pe?
Thank you
Good info 🙏
Nice video❤thanks❤
You're welcome 😊
The time period for utilising the capital gain amount is 2 yrs or 3 yrs pl confirm since you have mentioned as 3 yrs in your video
For purchase 2
Construction 3
Hi sir if we sell 2 properties then how many capital gain accounts are required?? please reply.
Eg : if I sell 1 property this month and the account kept in the capital gain account, and second property sold after 1 year then can I keep the 2nd properties amount in the first capital gain account or do I need to open up a new gain account.
Need discussion and paper for proper advice contact on 9319333248
Sir,how should we purchase any property of sum of 90 lakh ,by cash or cheque having saving account and how much stamp duty will be paid
Sir old property on father name. New property to purchase on songs name. Both are filing ITR. Can we follow same procedure which u have explained. Thanks
SIR, I sold a house in prev year and purchased a house. Now, i sold one of my shop and can i use that cap gain in construction of house purchase in prev year.
Too Good
Sir makan ke capital gain se agriculture land or shop buy kar sakte hai ya nahi
Sir मैं अर्बन एरिया में residential प्लाट लेना चाहता हूं अपने पास मौजूद सैलरी के पैसे से और कुछ लोन बैंक से ले कर, दूसरी तरफ मैं अपनी कुछ जमीन बेचना चाहता हूं जिस की डील में कुछ समय लग सकता है, क्या जमीन से प्राप्त पैसे को जो बाद मे मिलेगा मैं लोन pay करने में इस्तेमाल कर सकता हूं, कोई capital gain tax की रुकावट तो नहीं है
Superb!
Thanks a lot!
Very Informative video thanks I wanted to know what is time period to close the capital gain account and List of essential documents to be filled and how much time I T O takes to give the permission to close the account please let me know
Once u buy Propery u May close
Doc mentioned in video
if property sold is in 3 names, then capital gains account to be opened joint names or in individual names proportionately
individual only in my opinion
As aaj tak nahi khola kabhi joint
I love you because you are best give us 😋😋😋😋🥺🥺🥺🥺🥺🥺
Thanks 🙏🏻
Do I need to open a capital gain account if I will going to do a prepayment of the property 2 as soon as I will get the amount from sale of property 1
No need if within due date
Withdrawal के बाद जो खर्च किया है मकान बनाने में , क्या उसका बिल बैंक में देना पड़ेगा
Pls baaki provision bhi samjhayein - 54 F, and others
Video with calculation already uploaded
Very Nice videos 🤗
Mera sale value index value se kam hai
Means Maine loss me property sale Kiya hai to muze capital gain account open karna padega?
Jamin purchase karne k liye konse scheme mein capital gain account open hoga. House Ya Bond ? Please reply.
Wrong question
Not clear
Take proper advice from near ca or us at 9319333248
Very good
Can we get exemption for two flats out of capital and sec 54 and sec 54 F differs.kindly explain.Thank u
Yes if both section condition fulfilled
Contact near ca or us at 9319333248 for proper tax planning
I have sold property on 26th April 2024. Upto which date I can deposit the LTCG amount in capital gains account. Kindly guide Sachine ji.
I opened capital gain account in pnb but i came to know that only 2.7 per cent interest in pnb.Still not deposited cheque.❤I came to know that union bank gives 7 per cent interest.❤Now can I open account in union bank?
can i get capital gains exemption by purchasing a plot for house construction?
Yes but within time limit Constuction and use capital gain account if any amount not utilised
Kindly provide the different ways to save tax on left over money after the purchase...apart from bond....regards
Sure
सर मेरे मन में सवाल है.
१) मेरा पुराना लीगल रजिस्ट्रेशन अमाउंट है 25 लाख , अब मै वही प्रॉपर्टी भेच रहा हुं 40 लाख रुपये में तो इस केस मे मुझे capital A/c मे 15 लाख रुपये ही जमा करना होगा ना?
२) अब मै जब फ्लॅट भेज कर जो धनराशी के रूप में मुझे जो रक्कम मिलेगी उसे तो सुरवात में मेरे रेग्युलर
सेविंग A/c में ही लेना होगा और बाद में CG Scheme में जमा करना पढेगा.... या डायरेक्ट मुझे खरेदीदार से लेकरं कॅपिटल गेन में जमा करना हैं.
Sir. Hamne Dec 22 me ghar becha hai to muze acount kab khol na chahiye
Sir Mai salary n lete hua stocks mang sakta hu apne customer se KY ki stocks bechane me tax lagega capital gain tax pls samjhaye
Very useful video
Thanks
very good sir
Thanks and welcome 🙏 must share on ur WhatsApp
Excellent Sachin. What about NRI selling property, the TDS 23% is deducted at source. Do I need to keep the remaining money in capital gain account or amount can be put under NRI FD ? The interest taxable?
Nri fd allowed
Anything u can do after tds
But file itr
Stock market pe lgega je kya?
Yes
Awesome 👍😊😊
Is it applicable on mutual fund capital gain?
Sir I bought house in 2014 at 25 lacs and sold in 2022 at 40 lacs. After purchase at 25 lacs I spent around 10lacs for interior so total cost 35 lacs. But I opened capital gain with all amount of 40 lacs instead of profit amount. Now what to do to cancel the account and reopen at correct amount? Please advise 🙏
Residential plot ke liye which section applies, 54EC hoga kya but waha only bonds can be bought correct ?
Yes
Hi sir, if i purchase new property with in two months of selling my old property. Can i make payment directly from saving account instead of opening capital account. Please reply
If deposit capital gain saving scheme is not used within 3 year for construction. Them what will be tax implications.
Sir,
Capital gain cash mein mila hain... capital gain account mein cash jama kar nahi sakte hain kya?
Please help
In case of construction, will bank pay plot payment from capital gain account scheme on which I want to construct the house? Will there be any issue from bank for plot payment?
Yes will pay
Sir, I have a question. Suppose I Sold land for 50 lakhs on Jan'24, and purchased a new land for 40 lakhs in Mar'24 or Apr'24. If I want to construct a house on the newly acquired land, should I deposit the remaining Rs. 10 lakh on my CGAS account before July 31, 2024?
Yes
WHAT ABOUT PAYMENT FOR CONSTRUCTION .....
मैंने मेरा प्लॉट 35 लाख मे बेचा इस राशि को बैंक में capital gain a/c में जमा कराने के बाद क्या मे मेरे अन्य प्लॉट पर नया निर्माण करने के लिए इस खाते से राशि लेकर निर्माण कार्य कर सकता हूं या निर्मित मकान खरीदने के लिए ही इस राशि का इस्तेमाल करने पर ही टैक्स से छुट मिल पाएगी (2) निर्माण के दौरान बार बार सामाग्री खरीदना होती है तो क्या सभी छोटे छोटे भुगतान भी चैक से करना होंगे
Sir, can we adjust stock market long term capital loss in property selling long term capital gain
Yes
Sir, I plan to sell my residential flat bought in Jan 2005. When I now sell my flat, I plan to invest in 54EC bonds within 6 months on my Capital Gain after adjusting the indexation cost. Do I still need to open a Capital Gain Account?
No
ITR a file karne se pehle Kya ham money ko Mutual fund ya FD mein dal sakte hai like April we July tak MF aur phir July mein CGAS mei
Yes
Sir, pls one video on saving capital gain on mutual funds in 54F. I got message saying 70K excemption can be claimed in 54F. So what is the amount I should put in CGAS?
Thanks Sachin ji, Pls let me know in case of 54EC, the Bonds have to be purchased after the sale of a plot is only the profit part Or the entire sale amount to save the total LTCG Tax? Thanks
Entire
Thanks for this video sachin ji, have one question on this topic. If we purchased an underconstruction property 1.5 years back and paying as per CLP plan. So, in this case, if we sell another property and want to invest long-term capital gain in this underconstruction property with opening an LCA account and pay from that for his successive demands from builder. Is it possible?
Need discussion and paper for proper advice contact on 9319333248 or near ca
Thank you for detailed video sir. Can we pay off the housing loan from capital gain tax account?
Yes but subject to some conditions so I need documents and discussion for proper advice contact on 9319333248
Mera shop muje as replacement mila hain road extension ke vajah se , woh shop supose 50 lak main bech diya toh gains kese calculate karege ?
Cgas me kitna paisa jma kar sakte hai
i sold the property on mar2023 and purchase a property on May 2023 by using capital gain. Sir please advise in which Assessment year i should report these values ??? May 2023 purchase date is not available when filing ITR2 now
Thanks
कैपिटल गेन अकाउंट से कैश निकल सकते हैं क्या सर...........
50 lkh capital gain bank me dala
aur new property 20 lkh circle rate se purchase ki
to baki money jo bank me bach gaya 30 lkh usko kaise istemal kar sakta hoon, kya cash nikal sakta hoon,tax kitna katega
too much or nominal
I need discussion and paper for proper advice contact on 9319333248
Sirjee jab payment direct party ke naam pe hota hai toh fir registry ke liye payment kaise niklega matlab kiske naam se aur konsa form se please bataaiye
Registry fees capital gain account se kaise kiske naam pe aur kaunsa form lagega?