🏡How to Save Tax when Selling a House? 3 Simple Ways that Can Make Your Tax 0 | LearnApp

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Do you know how much taxes you are paying on the profit you've made from selling the property?
If not, you'll learn it in this video in a comprehensive way along with 3 unknown ways to save taxes when selling a property.
⏰️
00:00 Introduction
00:42 What is Short Term Capital Gain & Long Term Capital Gain
01:51 How property tax is calculated
04:19 1st trick to save tax
05:13 2nd trick to save tax
06:29 3rd trick to save tax
08:33 Concluding the story
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Опубликовано:

6 авг 2024

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Комментарии : 46

@rahulbhatia1063 Год назад

I'm 21 years old and wanted to buy a house in my 30s and everything sips, stocks going pretty smooth and after watching these type of content I'll say thanks big brother bcoz it was so interesting apart from other boring vidz lyk a 21yr old kid feels ( uh get it ryt) 🤟☮️

@PrateekSinghLearnApp Год назад

Totally get it Rahul bro :) I’m so so happy for you that you’ve already started investing. Love it, keep a long term outlook and NOTHING can stop you. Lots of love ❤️

@rajendermakhijani9271 Год назад

Hi Prateek, nice video. I want to add a couple of points- 1. For properties purchased before 2000-01, the government revised the tax rules a few years back. Currently the “fair market value” as on 1.04.2001 is used to consider cost of acquisition instead of the original cost for indexation purposes. Effectively, any gains earned prior to this date are automatically exempted. 2. The time period for acquisition of a new house is a bit more complicated. One can acquire a new residential property anytime from 1 year prior to sale of existing property upto 2 years after its sale. Alternatively one can construct a new house within 3 years of the sale. PS. You may not remember me (RKM from TFS).

@PrateekSinghLearnApp Год назад

RKM! Ofcourse I remember you, bhai can you find me on Instagram and DM me? I’ll get your phone number and I’ll love to talk to you! It’s been so so long Thank you for sharing the information, I learnt something.

@prasadreddy285 21 день назад

Very nice presentation

@allcaps5493 Месяц назад

Can I invest the Capital Gains amount in both (A) Capital Gains, and (B) NHAI bonds? The idea is to have some liquidity on some amount, and also at the same time get some moderate returns on the other amount I wouldn't be needing immediately.

@007arundass007 Месяц назад

thanks for the video!! 2 queries please wrt deductions that can be claimed to reduce capital gains and thereby tax; 1) For purchase date consideration, should we include the date of agreement where we started paying the first instalment or the date mentioned in the final sale deed 2) Apart from a) CII b) repair work c) any Section 54 like 54ec capital gain bonds, is there any other deduction that can be claimed (I guess the yearly property tax/water tax etc can't be claimed ), thanks!!

@shabzilla1154 4 месяца назад

Thanks very much for explaining the LTCG tax and this example, very informative and clear from start to finish! Can I also check if this procedure is the same for NRIs selling property in India?

@surendrakb592 10 дней назад

Can u please explain how to calculate inflation on indexation on long term capital gain

@vijayraj458 Год назад

Thank you so much for giving this knowledge 🙏🙏

@PrateekSinghLearnApp Год назад

Thank you Vijay!

@vaibhavshugel Год назад

Thank u so much for this valuable information..😊

@PrateekSinghLearnApp Год назад

Thank you for your message Vaibhav :)

@suryakiran4722 Год назад

Awesome Session sir, it's really an awesome video. I heard we can save tax but this is the first video that came up with a video explanation.... Kudos to the team who supported and intro is epic

@PrateekSinghLearnApp Год назад

Thank you so much Surya!!!

@nithiyanandamravindran7113 Год назад

Excellent awareness video 💐💐💐💐

@PrateekSinghLearnApp Год назад

Hey thanks Nithiyanandam

@pargatsingh5261 Год назад

Wow.. Great video.. Even some so called CAs don't know this much.. 👍

@PrateekSinghLearnApp Год назад

Hey thanks Pargat, happy you found this useful :)

@dhawaldorwal3497 Месяц назад

Dear sir, what if we put long term capital gain in a mixed way I mean some part in buying a house and some part in buying bonds is it allowed?

@anand19801 11 дней назад

Mast

@parminderkumar285 Год назад

Can I avail this indexation for a piece of land or residential plot?

@vikashmaurya5185 Год назад

You people are really great. I am learnapp regular student I have learned a lot from Prateek sir and Karthik Rangappa sir. You people are really superb

@PrateekSinghLearnApp Год назад

Hey Vikash, thanks a lot for your kind words! We’ll keep posting :)

@vikashmaurya5185 Год назад

@@PrateekSinghLearnApp my pleasure

@bvsprasad3932 2 месяца назад

Is capital gain amount invested for 5 years in NHIA Govt bond will be added to income after 5 years ?? Please clarify Sir

@Maharajadankuni Год назад

Sir Thank you for this video. I have a problem can you plz help 🙏 We had an old house and we called a devoloper and promoted the property. Now, we got 3 flats out of which we want to sell just one flat and after selling we want to put the money in certain catagories, like:- 1. Paying off all our bank debt 2. Buying agricultural land 3. Build a house, infrastructure and garden on that agricultural land. So, can we do it and save all our taxes on the flat selling money or pay least amount of tax? How to do it, plz help.

@rohans7278 4 месяца назад

Sir, I have sold the house after 7 years of purchase and had kept the amount in capital gain scheme which I have withdrawn to purchase a site but now for the time being I can't build the house,do I have to pay the taxes? Is there any way to avoid it?

@roshanrathod3265 5 месяцев назад

What if i have home loans to clear ...selling after 3years , only half of the amount left after closing

@brijeshm3684 28 дней назад

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?

@ManeeshJoshi Год назад

Awesome 🤞😎 PS : I do not own any physical asset.

@PrateekSinghLearnApp Год назад

Hahaha awesome

@darkmaster1803 Год назад

What happens if price adjusted for inflation is more than selling price? Do we have to pay taxes?

@PrateekSinghLearnApp Год назад

No tax will be levied as you're actually selling at a loss

@mohammedansarb3384 Год назад

Please do video on how to calculate inflation

@PrateekSinghLearnApp Год назад

Thank for the suggestion, Mohammed :)

@shivuj4061 Месяц назад

I want to selloff my property and distribute the money to four children. What is the legal way . Can deposit the cheque in savings bank account. Assume the property is worth of 1 crore. Please advice

@pujab6270 5 месяцев назад

Do we need to mention about sold property in filing returns compulsory in the same year or need not...if we had a plan to buy a house with in 2 years.. And what happens if we don't mention about sold property in the same year filing returns and bought another house in two years..