Section 54 Exemption | Capital Gain पर टैक्स कैसे बचाए ?
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- Опубліковано 1 лют 2022
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In this video we will understand about the capital gain exemption u/s 54. In income Tax there is a provision through which you can get the benefit of exemption against capital gain arise due to transfer of residential house property.
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I sold a property which was jointly owned with wife. Capital gain 3 lakh. Per head capital gain 1.5 lakh. Wife house wife. Is her gain will be taxable??
What a nice presentation, very clear, easy to understand and elaborately explained. All points are been covered under section 54. Thank you Sir, thanks a lot for your support and kind helpfulness.
Thank you
Vikasji, thank you very much for clarifying my doubts on phone. I was initially doubtful whether UA-camrs give such advice for free - however, you're superb. Thanks a lot 🙏🙏
Welcome
Sir you have explained it in a very clear manner Im sure after watching this video viewers all questions n doubts will be cleared. Thanks a lot.
Keep watching and sharing
Most nicely explained and eloborate video on Section 54 which can cost thousands of rupees if someone goes to a CA in the market. Much obliged.
Welcome. Keep Watching and sharing
🎉sir you have not explained the another way ofb investing LTCG amount such as by way of purchasing bonds etc.
Presentation is very clear n understood the points, I would like to know how to work out the capital gain amount in a apartment sale of 25 years old property in a metro city.
Very informative and detailed advise. Thanks sur
keep watching and sharing
Vikas ji mujhe ek baat jan ni thi.
Jaise maine march main naya flat liya jismai maine loan bhi liya aur July main main apna purana flat becha kya mujhe long term tax lagega aur wo Paisa purane flat ka main naye home loan main de deta hu .
Excellent video sir. Thank you so much
Glad you liked it. Keep Watching and sharing
Thank you, excellent presentation! Its very helpful.
मेरे द्वा रा मकान बेचकर सारा पैसा कैपिटल गेन एकाउंट मे जमा किया गया है। मकान खरीदने के लिए पैसे कैसे निकाले
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Sir thank u for an elaboratef video ..
: Sir u mentioned u can construct a project also if u dont want to purchase so my ques is .. this construction is to be done by u only on a plot or is construction by a builder ( under construction project ) within 3 years possession is also considered ? Waiting for ur reply
बहुत ही अच्छी तरह से आपने समजाया है, प्रोपर्टी पर कैपिटल गेन टैक्स की सेक्शन 54F औऱ 54Ec पर आपकी कोई वीडियो बनी है तो इसका लिंक दीजियेगा, नहीं बनी है तो इस पर भी वीडियो बनाये
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Fantastic knowledge
Thanks
You have very nicely explained. Thanks.
Thanks & Welcome
Very good detailed video. Thanks 🙏 👍
So nice of you
Very nicely defined section 54 and its intricacies
Thank you
Land purchased within 1 year before sale of residential House and a residential house constructed on said land within 3 years of sale of residential house. Whether LTCG Tax is exempted both on cost of land purchased and cost of new building constructed on the said land?
Whether Govt. Pay intt. On capital gain account. If so, is this intt. Taxable.
Sir i have bought a residential house in sep 2021 for 80L and now if i sold it for 1.3L. And from the sales proceed i will again buy 2 small residential house for 70L and 60L then will i have to pay capital tax or not. Please clear as its only held for more than 24 months not 36 months.
Vikas ji very useful detailed information on Capital gain long term of residential property. My question is at d time of selling of residential property of which capital gain benefit is to be taken how much properties should already not be owned by beneficiary individually or jointly with spouse
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Hi Vikas- Good morning! A simple query about capital gains of sale of two flats. Whether we should sell both the flats in same financial year or in two financial years to save LTCG for purchasing one new flat?
Nice lecture on long term capital gain.
I hv bought home and paying money to person thru bank in emis so in what account I shud consider EMI
Sir i was sale my house in the city (inside the municipal area) and again within time i was purchased residential house outside city on agricultural lend conversation is due can i take benifit of sec 54 of income tax act plz tell me
Thank you for such clear explanation sir. Bhot helpful hai.
Thank you
Nicely explained 🎉
Sir, It was a clear and lucid presentation! I would be much obliged if you could clarify whether exemption from long term capital gain tax can be claimed if the capital gain is invested in an old flat or a house.
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I think capital gain investment within 2/3 years is not restricted to purchase of new property.the underlying policy is that sale residential old property & buy residential property only .yes you ca
@@vinodkain8697 Sir humne land purchase ki but Sell show ho Raha hai o bhi circle rate par 33lac jabki humne 6 lac me purchase Kiya tha. Please please please help 🙏
Speechless sir
I have a question. After selling my house property and invest a large portion for purchase a new flat can I transfer the residual amount to my son's home loan account which was taken a year ago?
Sir, buy ki ho property to uske EMI kaunse group me Dale drawing act or capital act
Very good informative Video!
Thanks
Sir home construction karne ke
liye land ka hona jaruri hai so land purchased and home construction mein dono mein exemption milega ?
Great information sir
Nice knowledgeable video
Thanks and welcome
Sir if Nifty 50 index fund direct growth plan me paisa lagaya toh LTCG tax of 10% on return of rs 1 lakh+ in a financial year yeh paisa bhi refund ho sakta hain agar hum itr me har saal apna earning 5 lakh se kam ho toh ..... kyaa yeh possible hain ..... other wise PPF me paise lagne chaiyeh jaha gain me tax nahi lagta but lock in period 15 years ka hain.... so please reply if i can refund back 10% tax against of 1lqkh+ amount if my itr show my yearly earning below 5lakh... please reply... ??
Thanks for the info
Welcome
Good information Thanks 🙏
Thank You
Very informative
Glad you think so!
Vikas Ji, thanks for this valuable and detailed information. Very well explained. बात समझ में आई..🙂
Please make a video on section 54 F if possible...
very soon
Very informative video. Its crystal clear, even layman can understand. Thanks for video.
Llp Firm applicable pro.gaintex detail on income of 65 lakhs
👌
Best video sir because way of explanation is unique. Please make a video on sale of agricultural land in city means section 54b
Excellent information on capitalgane under rule 54
Thanks.
Thank You
Thank you sir..
I have seen this video today.
It has relieved of my tension regarding purchase of two seperate house, property for my two sons.
Thanks once again.
Great 👍
Sold residential house and given entire sale proceeds to one builder.will this sufficient to claim capital gain exemption.
@@kanchangautam5572 no. To get exemption, possession or registry is important
anhi kya rate of intrest chalra h bonds ka
property bechi h to bonds kharidne h
Hi sir - i have capital gain from a land that i sell i don't have any property in my name the hiuse i live in is in mother's name there is some land vacant can i construct in it will it be considered in exemption
Sirdo we get intrest on amount deposited in Caputal Gaun ac.in a nationalised bank ???
How much ???
Which documents are required to get exemption under IT section 54. ( documents means , plan, estimate , Bill's, vouchers etc. OR if bills, vouchers are not available, in that case , a valuation certificate from a registered valuer will be sufficient. Please suggest.
Excellent Sir
Hello sir nice and informative video ... I am opening capital gain Account A and Account B ...since I am opting for under construction property.. i will go for term deposit 36 months ...so TDS will be deducted on the interest that I earn for 3 yrs ?
Thanks sir 💐🙏🏻
Most welcome
Thank you so much sir bhot bhot shukriya ❤️🤙
Thank You
Sir,Please tell me the section under which I can claim the long term capital Gain from shares by investing it in my house first floor construction. Thanks.❤
Excellent teaching
Thanks and welcome
Excellent video ❤️💝
Thank you 🤗
Sir can purchase 2 flat 1 apne naam par 2 close relative ke naam par out of capital gain
Vikas ji,very nice presentation, even a layman like me could understand the capital gain tax u/s 54.
Thank you sir. It's all your support and blessings due to which I am able to create such content. Keep watching and sharing
Thanks vikas for your clear explanation. I v a query if i invest my capital gain in an under construction property and after payment of some instalment or say before possession which is 3 years, I want to change unit in the same society by selling present one and buying other for good location, can I change and save capital gain too or it ll be considered as sale
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We sold inherited property in Mumbai in 2012 vide a development agreement. Developer held part money towards vacant possession.but developer lapsed for 12 years.now he is paying compensation for delay. How this amount is treated to tax?
Very well explained
Keep watching and sharing
Excellent video sir thanks
Glad you liked it
Thank you very much for preparing such a video with full clarity.
Can you please advise where do we get the indexation chart for calculating capital gain while selling the property?
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Is it wise to invest 50 lakhs in capital gains tax saving bonds and earn 5% interest annually or invest in bank FD with ROI of 8 to 8.5% and pay capital gains tax?
Excellent information 👍
Glad it was helpful!
Hi sir...can I get exemption on my long term capital gain against my in progress house construction for 2 to 3 years? Example I have LCG of 9 lakh and I started construction I invested all 9 lakh.... Next year I booked LCG of 13 lakh then in that year also I used exemption as my construction still going on? I can do so?
Very nice explanation.
Glad you liked it
Purchase residential property i 2009 for 28 L .soldit for 31 L . jointly with wife . in dec 2023 no c.gain as per indication .should the sale price be deposit in c.gain a/c
I have sold out a flat after 2 years which is co-holder with my brother.Now, the sell proceeds was paid by the purchaser into two equal part.How shall capital gain to be calculated?
Excellent
Thank You
Sir urban agriculture land ke capital gain ko rural agricultural land mein laga de aur phir rural land ko sell karke capital gain save kar sakte hain? Please reply
Highly informative
Thank You
can money received from selling my 20 year old residential property be utilzed in paying my existing flat home loan ???
Can i invest STCG and LTCG on equity shares in CAPITAL GAIN ACCOUNT SCHEME in bank
Will i get exemption in income tax
Great information ❤❤❤
Thank you
Sir I sold my house property 18 apl 23 & took some advance & I also purchased flat on 20 th apl 23 & gave some amount both registry will be in july 23 is it necessary to open capital gain account in bank please advise iwill be obliged
Sir What if the property( plot not house) was sold within 2 years (capital gain was 11 lacs rs. ), and i bought a plot within 1 year and constructed house. will my tax would be exempted?
Sir, meri dadi ji ne ek property sale ki hai jo ki dada ji se dadi ji ko mili thi .1800000 ki sale ki hai kya itne amount pr bhi capital gain tax dena hoga ?
I want to 😢sell a plot and purchase a plot with the capital gain income. Am I eligible for capital gain exemption?
Sir really very fine information given by you thanks a lot of
keep watching and sharing
Sir. Kya. Me. Wife. Ya. Son. Ke. Naam. Property. Kharid. Sakta. Capital. Gain. Ke liye. Ya. Apne. Hi. Naam. Par. Leni. Hohi
Could be understood by any..thnx
Thank you
Vikas ji ek confusion tha padhne mein... I read that from 2019 onwards to consider a property long term held the criteria was changed from 3yrs to 2yrs. Does this in any way affect the criteria of having availed exemption u/s 54 to purchase new property and the new property has to be held for atleast 3yrs(i.e. lock in). Will that change of long term held property have any impact on the lock-in period?
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Very good information.
Want to know about purchasing bonds to get benefit of capital gains after selling housing property or plot.
NHAI or RECL bonds
Very nicely explained
Thank you so much 🙂
Great presentation! One follow up question though. What is the provision for co-owned property? (say husband and wife co-owning a property)?? Would both of them be allowed to get 1 property?
Yes
Share capital gain can I buy house and get benefit
Great Explanation
Thank you
Capital gain Amount ka use agriculture plot me kiya ja skta hai?
LTCG on single sale , can one partly invest under 54 as well as partly under 54EC
yes
Vikas ji.. Very clear explanation. I v a query... If I want to invest my capital gains in an under construction flat... Do I need to open capital gain account.. Or can I credit my sale proceeds including capital gain in my saving account and start paying instalment for U. C property from that??
Yes as you will not spent entire money in one go. So you need that account
Very good presentation
Thanks a lot
good info
my query is if purchase or construction of new property is not done can the gain be invested in capital gain bond for five years to save tax
yes
How many properties maxim one can buy out of capital gain ?
Sir Can I sell house which purchase under section 54 benefit in year and in the same year can I purchase the house in other city, due to my job going to be transfer from one city to another city, I have to shift my family
Super advice
Thank you. Keep watching and sharing
Capital gain not received sold property in loss so how much tax to pay.
Vikasji, what is meant by the event "transfer" and "purchase"? Purchase of new house is payment of the last installment or registration of new house in my name or taking possession of the new house? When selling of the house, what is meant by transfer? Is it when money is received from the buyer, or when the house was registered with the buyer/new owner, or when the possession of the house is handed over to the new owner / buyer?
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Please try to answer publicly for these type of general queries. It will help 1000s of viewers to understand instead of sending 1000s whatsapp messages to you. Thank you.
If I construct a house in jharkhand CNT land then it's applicable plzzz suggest
Sir, suppose I got 25 lakh from sale of my plot purchased by me 10 years ago, now when I buy a new property but in my son's name of say 60 lakh....then during the new sale transaction should i directly pay my capital gain of 25 lakhs to the seller or should I first deposit it in my son's bank account and thereafter my son should transfer this 25 lakh plus the additional amount to the seller ?....so i other words should i or my son ,who should transfer this amount to seller for claiming section 54F for myself? waiting for your reply
Very well explained sir
Keep watching
excellent video
Thank you
sir yadi kisi ko share market se 1year ke ander 2-3lakh ka profit hota hai to Apne old Ghar ko Construct karwa sakta hai to is par kitna Tax Exemtion milega
Thanks for the excellent vedio. A flat purchased in 2018 for 1.8 cr and sale price is 1.9 cr. Capital gain is only 10 lac. NRI TDS is 23%. TDS is more than the capital gain ? How get refund from income tax?
Dear sir it was very informative.
Kindly clarify if the exemption long term can be claimed by both the joint owners in equal proportions while selling the flat.
yes
Thank you for the valuable information , my query is ,for example I sold a property @50L ,in this my capital gain is 10L, can I take tax benifit if I construct 1st floor of my home , if yes then I have to invest 10L or full amount 50L on construction. Please guide .
Thank You
Yes. You need to invest only 10 lakh to get full exemption