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Save TAX on Sale of House Property | Capital Gain Tax on Sale of Property |CA PRITISH BURTON 

CA Pritish Burton
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In this video i have explained how to save tax on capital gains arising from sale of residential house property under section 54, 54EC of Income Tax Act.
Contents of the Video:
- Meaning of Capital Assets
- Exceptions to the Capital Assets
- How to Save Short term capital gains on sale of Residential House Property
- How to Save Long term capital gains on sale of Residential House Property
- Indexation Benefit on sale pf property
- How to calculate Capital Gains
- Relatives as per The Income Tax Act, 1961
- Section 54
- Section 54EC
- Cost of Improvement
- Capital Gain Account Scheme
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3 окт 2021

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Комментарии : 1 тыс.   
@capritishburton7682
@capritishburton7682 2 года назад
PART-2: Watch Now : ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-6ANo0wmmvSA.html Capital gains on Inherited Property: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Yt_cnMPO19k.html
@rajamouli9837
@rajamouli9837 2 года назад
can I purvchase bonds under 54ec if I placed my capital gain in residencial property in ordinary s.b. account istead of capital gain acciunt
@janarthanamg2378
@janarthanamg2378 2 года назад
Can you provide your mail I’d to ask some doubts
@bipinchandratandel2512
@bipinchandratandel2512 Год назад
Very nice. U explain very easyli and clear cut. I like yr vidio. Thanks alote.......Guj. Bilimora.
@muralinijagal1734
@muralinijagal1734 2 года назад
Dear Sir, Your explanation on capital gains tax is very clear. A common could understand your explanation without any doubt. Thank you for adding value to our knowledge on capital gains taxation. Best wishes.
@capritishburton7682
@capritishburton7682 2 года назад
Thank you very much 🙏🙏
@vijayakumartn5589
@vijayakumartn5589 8 месяцев назад
​@@capritishburton76828
@rktejas928
@rktejas928 2 года назад
Thanks for an comprehensive video on capital gains .what I couldn't understand is abt long term gains selling house ( more than 2 yrs)and reverse on exemption if house sold within 3 years. Would be nice if can u brief abt it.
@shibendudutta1760
@shibendudutta1760 2 года назад
Very beautifully explained, I hope many people will be benefitted with your informative and simple explanation. Thank you
@capritishburton7682
@capritishburton7682 2 года назад
Thank you 😊
@sunvapul2554
@sunvapul2554 2 года назад
Great presentation. Appreciate the efforts. Please clarify whether Long Term Capital Loss on equity shares in 2020 (bought in 2018, sold in 2020 @ loss) can be offset with LTCG on land purchased in 1976 and sold in 2021. What is the section I can quote when I calculate while filing ITR? Thanks in advance.
@venkatesht.k.7127
@venkatesht.k.7127 2 года назад
If suppose capital gains are more than 2 crores and if the long term asset is bought in say 1985 how do we apply index. If index base is 2000-2001 What will be the index for ppty of 1985. Your vedio is good
@capritishburton7682
@capritishburton7682 2 года назад
Thank you .. cost of acquisition for the year 2000-01 to be considered . Can identify the government guidance value for the year instead of 1985
@chanduprajan5436
@chanduprajan5436 2 года назад
Very comprehensive covering of the subject and very informative. Thank you.
@capritishburton7682
@capritishburton7682 2 года назад
Thank you very much
@biswamohanpatnaik2128
@biswamohanpatnaik2128 2 года назад
Thanks for a comprehensive video on Capital Gains. Very nicely explained.
@capritishburton7682
@capritishburton7682 2 года назад
Thank you 🙏
@pascaldsa8117
@pascaldsa8117 2 года назад
Very informative video Pritish
@capritishburton7682
@capritishburton7682 2 года назад
Thank you 🙏
@danielfrank674
@danielfrank674 2 года назад
Very good video
@Raveendra-hm3dp
@Raveendra-hm3dp 11 месяцев назад
​@@capritishburton7682⁰0000000
@subhashdutta38
@subhashdutta38 2 года назад
Sir, please tell us what types of improvements are allowed in a flat after buying?
@capritishburton7682
@capritishburton7682 2 года назад
Cost of improvement is the capital expenditure incurred by an assessee for making any addition or improvement in the capital asset. cost of improvement includes all those expenditures, which are incurred to increase the value of the asset/property .
@prasenjitmridha4420
@prasenjitmridha4420 2 года назад
Very nicely explained.. Thanks a ton. You're doing an incredible job.
@capritishburton7682
@capritishburton7682 2 года назад
Thanks a lot 😊
@carolinedsilva3981
@carolinedsilva3981 8 месяцев назад
Fluent in English Language ....Beneficial to NRI's.....Explaination is fab.....precise and to the point. No rambling on the Topic being explained.....excellent.....excellent....excellent.
@precillamachado9280
@precillamachado9280 2 года назад
Very informative
@capritishburton7682
@capritishburton7682 2 года назад
Thank you 🙏
@sujatamoily1878
@sujatamoily1878 2 года назад
Very clearly explained. I want to sell my property. The gain is around 10 to 12 lacs. Which bond is the best to invest for 5 years. After 5 years should we continue to save in bonds only.
@capritishburton7682
@capritishburton7682 2 года назад
Any bonds are ok . PFC bonds
@ravindrannair2642
@ravindrannair2642 2 года назад
Quite informative. And the presentation was crystal clear. Thanks for the same.
@capritishburton7682
@capritishburton7682 2 года назад
Thank you
@subhassamuel3162
@subhassamuel3162 2 года назад
Sir, your explanation is very kind, generous and crystal clear
@capritishburton7682
@capritishburton7682 2 года назад
Thank you 😊
@twinklestar8275
@twinklestar8275 2 года назад
Sir Good evening. At the outset I thank you very much for a very informative video on the ways to save capital gains tax. I had purchased flat in Jan 1992 by means of a sale agreement with the builder for Rs 267000/- I am to sell it during this month for Rs 20 lakh. What shall be my capital gain and how much have I to invest in capital gain bonds to save the tax?🙏🙏
@capritishburton7682
@capritishburton7682 2 года назад
I will make a video shortly on all questions on capital gains . Thank you
@twinklestar8275
@twinklestar8275 2 года назад
@@capritishburton7682 Sir that would be great.🙏🙏🙏💐👍
@IamSpidey007
@IamSpidey007 2 года назад
What about commercial property? Nobody explaining this example. Everyone just talking about residential property.
@arupdas9264
@arupdas9264 2 года назад
@@capritishburton7682 sir pls share the link
@gautameximpvtltdbalasubram7306
@gautameximpvtltdbalasubram7306 2 года назад
Nicely presented. Looking forward for your video on commercial property capital gains
@capritishburton7682
@capritishburton7682 2 года назад
Already made a separate video on that topic .
@AURADRCalifornia
@AURADRCalifornia 2 года назад
Thank you. I did not know about Agricultural land . Your video is very good. Peace
@capritishburton7682
@capritishburton7682 2 года назад
Thank you
@gracehadley8497
@gracehadley8497 2 года назад
very informative
@capritishburton7682
@capritishburton7682 2 года назад
Thank you
@danielfrank674
@danielfrank674 2 года назад
Very well explained
@danielfrank674
@danielfrank674 2 года назад
Very nice
@hoshangvevaina7720
@hoshangvevaina7720 2 года назад
Dear Sir, if i have invested the capital gain in NHAI Bonds for 5 years, what happens to this money after maturity of the bonds. Please advise. Thanks.
@sunilkumarchaturvedi6058
@sunilkumarchaturvedi6058 2 года назад
The same point I have so please advise on maturity amount that is fully exempted after 5 years or some other liabilities will remaining ? Please be respond 🤔🙏
@ashwinchhajed2263
@ashwinchhajed2263 Год назад
Please listen carefully again he has already said that matured sum is exempted at the time of maturity
@jaffaralikhan967
@jaffaralikhan967 5 месяцев назад
Are there any other ways to save the capital gain tax totally?
@dvbhaskar7705
@dvbhaskar7705 2 года назад
Very useful information. Explained in detail.Thank you very much for your valuable information.
@capritishburton7682
@capritishburton7682 2 года назад
Thank you 🙏
@jasbirsingh1724
@jasbirsingh1724 2 года назад
Property acquired by will but disputed can we consider for indexation for Capital gain approximate expenditure occured for transferring the property on our name.eg. lower and high court ,several expenditures.Travelling and expenditures of several nature.Also standard expenditures occured for mantance by our late father
@pascaldsa8117
@pascaldsa8117 2 года назад
Very well explained
@capritishburton7682
@capritishburton7682 2 года назад
Thank you i
@danielfrank674
@danielfrank674 2 года назад
Very good video
@venkateshmss5936
@venkateshmss5936 2 года назад
Sir very information and well explained. sir I deposit in bank, In case could not buy or construct, is it again capital gain tax tobe paid, pls clarify
@capritishburton7682
@capritishburton7682 2 года назад
Yes you need to pay
@jayantsane9209
@jayantsane9209 2 года назад
What happens if I want to invest only partial amount of the total capital gains in the specified bonds? Can i do it?
@sramu5332
@sramu5332 2 года назад
Very good information those who have sold their property.I am one among them. Thanks a lot
@capritishburton7682
@capritishburton7682 2 года назад
Thank you 🙏
@arunbg6539
@arunbg6539 2 года назад
Very clear explanation , please give an clarification- Is it tax free/capital gain tax is exempted in case a government employee purchases an agricultural land after the sale of the property with in 2 years.
@devarajankrishnaiah9770
@devarajankrishnaiah9770 2 года назад
Very Simply Explained & More Interestingl
@capritishburton7682
@capritishburton7682 2 года назад
Thank you very much
@nadarTelevision
@nadarTelevision Год назад
Thanks, that is very insightful.
@capritishburton7682
@capritishburton7682 Год назад
Thank you 🙏
@lokeshreddy9037
@lokeshreddy9037 2 года назад
Thank you very much it is very much eloborative and simple English. Suppose in case sale of vacant plot how to calculate CG TAX
@capritishburton7682
@capritishburton7682 2 года назад
Please refer my video on sale of land.. I have made a separate video on that
@sadayanbakthar
@sadayanbakthar 11 месяцев назад
super explanation. crystal clear. your presentation was excellent
@capritishburton7682
@capritishburton7682 11 месяцев назад
Thank you
@FarooqAhmad-en1so
@FarooqAhmad-en1so Год назад
Thank you.People in urban areas by plots and then construct houses.What will be scheme of calculations:short term assets or long term ones?
@chandrasekharvenkataraman2833
@chandrasekharvenkataraman2833 2 года назад
Nice presentation. Can you clarify about investing into a property by selling two properties , the timelines for investment / sale of property. I could not get this through google. This is investment for a bigger house by selling two properties at different locations
@rajamaniiyengar5629
@rajamaniiyengar5629 2 года назад
The property I sold was bought in 1984. How and where to get the fair market price of year 2002 for indexation. It's a residential land only. Can we consider the amount paid for site approval as improvement cost? I built compound wall a couple of years back, but fo not have any receipts for the payment. How can I include it as improvement cost.
@maharudrakumbar1520
@maharudrakumbar1520 Год назад
Hi Pritish, thank you so much for the video, I have a question, can we buy agricultural land with the capital gain to save tax?
@saifm9285
@saifm9285 2 года назад
It’s was very interesting. I would appreciate if you could make similar video on commercial property.
@capritishburton7682
@capritishburton7682 2 года назад
I have already made a video on commercial property . Kindly have a look
@venkataramani8192
@venkataramani8192 2 года назад
How to calculate capital gain on sale of personal gold jewellery to the tune of 40 to 50 g only .The jewelry purchased in the year 2005 but as such no bill available
@ArjunSurendra
@ArjunSurendra 2 года назад
taxation on dividends after DDT was removed vs taxation on index fund after DDT was removed. Index funds also receive dividends so how does AMC deduct tax on them as they would not know the tax slab of the customer? I am not talking about tax on dividend index funds, my question is on growth funds that receive dividends and how is that dividend taxed by AMC. Assuming there is no redemption at all. If i receive tax on dividend on shares its taxed as per slab, but my growth funds also receive dividends from the stocks they hold. Also i cant see this but the AMC does get dividend from these stocks. So unless the AMC knows my tax slab how do they deduct the tax on that? If the answer is they dont deduct then the growth index fund NAV should differ by a large margin from the dividend index fund after a while. If they do deduct what is the rate of tax?
@capritishburton7682
@capritishburton7682 2 года назад
TDS on mutual fund dividend is deducted at 10% irrespective of your tax slab . But while filing your income tax returns it will be taxed as per your slab rate
@pranavaggarwal9564
@pranavaggarwal9564 Год назад
Hello Pritish Ji, Can we use capital gain from one property to pay off loan/loans linked to other property (such as dispose off working capital limit or pay off business loans etc)
@sathyanarayanak1518
@sathyanarayanak1518 2 года назад
Thank you Sir, I understood very much, it is definitely helpfull.
@narayananramachandran533
@narayananramachandran533 2 года назад
Very good. Impressed.Keep it up.
@capritishburton7682
@capritishburton7682 2 года назад
Thank you 🙏
@gracymachado2450
@gracymachado2450 Год назад
If any improvement done inside the flat like plastering the walls to protect from leakage, painting etc can be counted as cost of improvement?
@ankitabhowmik4026
@ankitabhowmik4026 2 года назад
How many times can the Gains from capital gain can be invested in Section 54EC ? If I sell two house property can the gain be invested twice in section 54EC in case it’s met the maximum limit of 50 lakhs for both properties.
@governmentcomplainer8366
@governmentcomplainer8366 2 года назад
very good only point to point information
@capritishburton7682
@capritishburton7682 2 года назад
Thank you
@shelleychaudhuri3206
@shelleychaudhuri3206 Год назад
Very nicely explained which is very informative too.
@capritishburton7682
@capritishburton7682 Год назад
Thank you
@Mister.Doodler
@Mister.Doodler 2 года назад
Thankyou ! I would like to know about property refinance tax benefits in India . Couldn’t find a single vidoe on the internet and hopefully you are able to make it
@raghprab
@raghprab 2 года назад
Thanks Pritish. Very informative and I’ve subscribed based on this. Question I have is: is there a stipulation that the long term cap gain cannot be claimed if I already own 2 residential properties and I want to apply cap gain to a third one? Also I bought the 3rd via loan in Sep 2021 so if input all my cap gains to close the loan for this property will I be exempt for ltcg
@rishi13094
@rishi13094 Год назад
No at max 2 residential properties
@Speshalyst
@Speshalyst 2 года назад
Great video .. many thanks I just sold a flat which was purchased in 2003 for about 10L(stamp value)+ improvement value of about 1.5L .. selling value 50L .. 1. What would be the capital gains for this transaction? 2. Can I use this money to close an existing loan on another residential house property Pls advise ... thanks
@manoharlal1141
@manoharlal1141 Год назад
Thanks for your sharing knowledge for long term capital gains. I am anxious to know that if I sale a residential property which is in joint account with my son and receivable amount is devided in two equal parts and I want to make 2 houses by the gained amount and my son also want to make two houses from that money. Then will we get the exemption benifits
@swarnambaayitha8872
@swarnambaayitha8872 2 года назад
Is bore well and repairs to roof can be considered as improvements.
@mgnabi1152
@mgnabi1152 2 года назад
How to calculate when value and date of acquisition not known
@mira-vo4wc
@mira-vo4wc 2 года назад
Your presentation is very clear.kindly let me know the limit of development incase of an old flat.l have no any document to support the expenses made on flooring , electrical wiring, sanitary installation etc, kindly guid.
@counsellor4jobinterviews551
@counsellor4jobinterviews551 2 года назад
Sir, Please clarify whether exemption from long term capital gain tax on sale of house property can be availed by investing in a new home if the gain exceeds two crore rupees.
@georgemathew1282
@georgemathew1282 2 года назад
When you say you don't save the entire capital gains by buying another property, we still end up paying registration fees which is like 8% so it would still a large amount.
@ranjittyagi9354
@ranjittyagi9354 Год назад
Hi George. Brother, registration fee is too high. I purchased a house for 45 lacs and ended up paying registration fees. They made me pay 315000 and 25003 totaling 3,40,003. It's around 7.55%. What's this if not a loot of a commoner? 20% LTCG and 7.55% for registration. Disgusting to say the least. I am not some real estate builder or broker. Is this a crime? It makes me both very sad and anxious at the same time. You brought up a good topic. I've never seen anyone till now on RU-vid writing on this subject. Replies would be very welcome. Thank you and my best regards to you.
@VijayKumar-od5ht
@VijayKumar-od5ht Год назад
Hi Sir, very well explained!! Kudos to you. however, I have the following question regarding the same topic. Qn: I have a joint property with my spouse, and we have constructed a house in the site (construction is not 100% completed), in between due to some personnel issues we decided to part ways. And I decided to transfer the entire property to my spouse for which she agreed to pay me some consideration. Now, Is this amount taxable? is so at what percent? and how can i save tax on this amount. Thanks in advance.
@joeljoy1460
@joeljoy1460 2 года назад
What if for example we have taken a loan for a property of 20L for 10 years. After paying the total payout is 30L with interest- what will be the purchase cost considered-20L Or 30L?
@shankarpatro4020
@shankarpatro4020 2 года назад
Thanks for your guide. But I have a doubt. Suppose I purchased a piece of agricultural land (which is in a rural area) in the year 1993 and later stage I converted its Kisam i.e to "Ghar Bari". Now I sold it. How I will calculate my Capital Gain , Pl tell.
@MrAjaypande
@MrAjaypande 2 года назад
Very informative video. Thanks. Awaiting your video on sale of office or industrial properties.
@capritishburton7682
@capritishburton7682 2 года назад
Thank you .. please Watch my video on sale of commercial Property .. already made a video on that topic
@MrAjaypande
@MrAjaypande 2 года назад
@@capritishburton7682 👍🏼
@prabhakarsma5845
@prabhakarsma5845 2 года назад
It is a very nice n informative video. Thanks for the video.
@capritishburton7682
@capritishburton7682 2 года назад
Thank you
@balasubramanyammudaliar2641
@balasubramanyammudaliar2641 2 года назад
very clear explanation by you .suppose if one purchases a site for 30000/ forty years back and sold for 34 lakhs now whether the person gets the benefit of Capital gains tax if that person invests that received amount in residential house property, How much can that person gets the benefit of tax?
@sowmyar.s5400
@sowmyar.s5400 Год назад
please detail..how the interest gets taxed on capital gain Bonds and how the interest is taxed at zero at maturity of Bonds.
@dr.jayaramv7020
@dr.jayaramv7020 2 года назад
Sale of a House or site property, can we use the amount to clear the Housing loan taken for the construction of the House? Is this provision available under the Capital gain scheme?
@harjotsinghsahotassahota9790
@harjotsinghsahotassahota9790 11 месяцев назад
Thanks Pritish. Very informative, can u also highlight what happens post we sell 2nd property Eg : property A after selling have capital gain of 1Cr. Within 1 year new property B is purchased for 1Cr. Now post howmany year I can sell the property B? and what will be LTCG?
@shakuntalabhuvanagiri9855
@shakuntalabhuvanagiri9855 26 дней назад
very nicely explained thank you. but site is consider as housing property or not? in case i build a house within 3 years in same site..
@FredrickMonahan
@FredrickMonahan 2 года назад
If the house has been constructed in about ten grounds in1989 in the land that was bought in 1978 and compound wall constructed in1996 how to calculate cost inflation if only land purchase sale deed is available. How to calculate the present inflation cost of house and compound wall. Kindly guide me.
@user-hw2mb5ji7p
@user-hw2mb5ji7p 6 месяцев назад
thank you for your valuable information sir
@tusharsharma3979
@tusharsharma3979 2 года назад
Hello Sir/Madame, We received sales proceed from residential property selling. Date of transfer was in Dec 2021. But we received final proceed in March 2022. So can we invest the calculated capital gain in 54EC Bond, now?
@pradip1966
@pradip1966 Год назад
Excellent video.
@gandhimathivenkatachalam6345
@gandhimathivenkatachalam6345 2 года назад
Very good explanation Sir, thank you very much
@capritishburton7682
@capritishburton7682 2 года назад
Thank you very much
@sapnaarora6918
@sapnaarora6918 2 года назад
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
@neekitacolge8454
@neekitacolge8454 2 года назад
SIR VERY CLEAR AND UNDERSTANDABLE INFIRMOTION, I am waiting for your video on if i want to sale small shop[ approx area 160 ] and want to buy 1bhk house as early as possible.
@capritishburton7682
@capritishburton7682 2 года назад
Thank you .. check my video on sale of commercial propert
@radhakrishnam3804
@radhakrishnam3804 2 года назад
Sir, I want to sell one of my plot which was purchased in 2007. I would like to construct two floors with the that amount on my existing house. Can I claim LTCG tax?
@prabhanair9087
@prabhanair9087 2 года назад
Sir. In my case please advise me with my capital gain taxability. In the year 1992, 80 people together bought 160 Ar( Guntas i.e 2000 sq.ft) land, 2 Ar each. In the year 2010, all of us entered into an Development Agreement with a builder. In the agreement the builder agreed to give a flat with anarea of 1125 sq.ft.built up in lieu of our land. It took 8 years to complete the building and we were given possession in September 2018. Now in April 2022, I made agreement to sell my flat. The final sale deed will be done in May or June.22. Please help me how to work out capital gains. In the development agreement dt. 29.8.2010, the builder has mentioned the saleable value of the plot as 13 lakhs. My sale consideration is 49.5 lakhs. Can you please help me.
@chakkungaldivakaran4538
@chakkungaldivakaran4538 2 года назад
I sold my house owned by me and my wife in feb 2022 . We bought the land in 2007 constructed the house in 2009, and did lots of improvements over a period of 6 years and on my retirement started staying there from 2017. The purchase price of land and construction put together bow about 33 lakhs abs frequent improvement added cost say around 12 Lakhs is totaling to about 42 to 44 lakhs in all. Now I don’t have any documents of all those deals as it is nearly over 15 years . I don’t know indexation cost et I sold my house for 80 lakhs and have Appx about 40 lakhs capital gain over these period of 2009 to2022 . Am I to pay any income tax This being joint property do we have the gain equally Am I to invest the amount within 6 months or buy bonds etc Please advise
@venkitakrishnandharmarajan1539
Sir, how is the value of investment arrived if house is constructed during the year 1975 on land purchased earlier, at that time bank loan was not available for house construction.
@managementskillswithsubrrat754
@managementskillswithsubrrat754 2 года назад
I have a plot of land ,I have interacted with a promoter who wants to build flats on the land with mutually agreed shares of money through sale of flats. My question is since the land is not being sold directly to a party, how capital gain tax on my earning through sale of flats be done?
@ganeshgadi
@ganeshgadi Год назад
Sir, long term capital gains of a sold property, I want to invest in shares for long term. Can you clarify what are the tax complications? Also sale property value as per market price recorded in document and actual is always higher. So can you also clarify what's the sale value?
@bhumal7890
@bhumal7890 Год назад
In case after the sale of residential plot and within that year if we extend the old house for renovation in the same address is rebate or exemption given. Pl answer? Secondly before seeing this video I wasn’t aware. Or else I wud have invested in the said bonds. One year is getting over by March 23. I have invested in senior citizens central govt schemes for 5 years. Can I take it out and reinvest in power bonds . The sale was in May 22. I wasn’t aware. And this is my only source of money. Senior citizen
@mavisdcosta8712
@mavisdcosta8712 2 года назад
Thanks for the information on capital gains. Can you post a video on Withholding tax for Indian Residents and NRI.
@capritishburton7682
@capritishburton7682 2 года назад
Please refer my video on tds on sale of property
@swarupmukherjee6222
@swarupmukherjee6222 2 года назад
Please advise if the property is in the name of 2 joint ownership, how they will save the capital gain tax? How they will invest to save capital gain tax?
@subratachaudhuri7319
@subratachaudhuri7319 Год назад
Dear sir, If inheritor of a residential property has mutated the property in his name recently, what will be considered as the date of purchase by the inheritor - the date of mutation or the date of purchase of the property by father of the inheritor for the purpose of capital gains tax ?
@shivammishra-wl4bq
@shivammishra-wl4bq Год назад
what is someone has ancestor property which is before year 2000 then how do indexation work there??
@mohandusa7366
@mohandusa7366 2 года назад
I have purchased a plot of land in my native place in the year 2008 and constructed a house in the year 2013. The total cost incurred is around 30 lakhs. Now in year 2022 I wish to sell the same and buy home in metropolitan city. Is the capital gains taxable ? Please advise...
@rohitkhanna3076
@rohitkhanna3076 Год назад
Can the bonds under 54EC can be bought only once or every year even if the time of purchase is more than 6 months. Also that only the capital gains amount is to be deposited in CGAS or the full sale consideration. Since we are supposed to utilize capital gains to purchase new houseand bonds can we deposit the balance amount in our savings account.
@vijaynihalani4099
@vijaynihalani4099 Год назад
Can the capital gain amount made on commercial property be utilised for repayment of existing home loan ?
@RAJESHShah-vo1hm
@RAJESHShah-vo1hm 2 года назад
Taxation consultancy excellent 👌
@kapilsetia3722
@kapilsetia3722 Год назад
Thanks a lot for an information on Capital Gain .. can you please suggest how to calculate the Value of the property from 1994 to 01.01.2001
@capritishburton7682
@capritishburton7682 Год назад
Kindly refer my latest video on capital gains . I have answered this question
@harishsharishs5649
@harishsharishs5649 2 года назад
Sir how capital gain tax is applicable to be residential plot purchased in April 2018 and now being sold in March 2022 for purchase of another residential plot. Cost of purchase in April 2018 was Rs 20 lakhs with 18 lakhs loan outstanding and new plot purchase price is Rs 20 lakhs
@raul3388
@raul3388 2 года назад
Auditor says a person can only file 1 property but in your video a person can make 2 property , is there different section for the second property or do we have an option to file the second one below after the first one added , please explain , also does the law of selling land and house has same rules of capital gain
@rameshhm6389
@rameshhm6389 2 года назад
Thanks for clear cut explanation👏👏
@capritishburton7682
@capritishburton7682 2 года назад
Thank you 🙏
@dottydsouza9179
@dottydsouza9179 2 года назад
If the property is rec'd from ancestors how to calculate capital gain account?
@Vdhammi
@Vdhammi Год назад
What are the proofs required to claim exemption for expenditure on house improvement please.
@asoorimaringantimuralidhar5185
@asoorimaringantimuralidhar5185 2 года назад
Very lucid explanation. Income from selling a plot also treated in the same way perhaps for capital gains tax.???
@capritishburton7682
@capritishburton7682 2 года назад
Save TAX on Sale of Commercial Property | Capital Gain Tax on Sale of Property |CA PRITISH BURTON ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-eu3ZvpCHWHM.html
@vinaymbellur
@vinaymbellur 2 года назад
Hello sir, please throw indept light on sale of agricultural land. Thank you 🙏
@viswasripendyala6774
@viswasripendyala6774 Год назад
How profit from an ancestral property inherited by me and when it is sold by me in current year?
@sunilj10
@sunilj10 8 месяцев назад
Does the number of property owned by you at the time of taking the once in a lifetime time benefit have any bearing on utilising the scheme?
@mahendrapawar3646
@mahendrapawar3646 2 года назад
I sold property in may 2022 , when I have to park gain amount in Gain Account in bank
@rengarajan8024
@rengarajan8024 Год назад
If the property purchased in 1986,how to make the indexation of the property?
@mukundjoshi1752
@mukundjoshi1752 Год назад
What if the new property is under construction and if we sell old property after the possession of new property
@grrao8857
@grrao8857 Год назад
Thanks. very informative .
@capritishburton7682
@capritishburton7682 Год назад
Thank you 🙏
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