Amendment - In section 54EC, assets that can be sold are land and building or both. Sign-up to our new app for discounts and early access: ✔ assetyogi.com/sign-up/

@prashantwasnik9857

4 жыл бұрын

Is the date of the registration considered the buying date or is it the booking date?

@Chalochalchalein

4 жыл бұрын

Hello Sir, I have been watching your youtube video to gain knowledge about loans and economy. I wanted to get help in of prodcedure of school building loan. That would be very helpful if you can assist me in this. I wouldnt mind it to be paid. Tried contacting you through your website but couldnt find the way.

@narendrakandari7966

4 жыл бұрын

54ec and 54f clearly smjh nhi Aya sir

@ariesha2012

4 жыл бұрын

If I get a share in my parents property along with my siblings. What tax bracket do I fall under?

@srimanm1373

4 жыл бұрын

@@ariesha2012 no investment no tax.

Excellent video...very clear and to the point, devoid of unwanted boasting. I was looking for clarity on the different Sections, and exemption on purchase of new property(ies) and here I found all the answers. Thanks a lot!

Really informative content. Keep up the good work 👏. Best wishes from Team Fintaxpro 🙂

@dilippedlikar1478

3 жыл бұрын

Agar 3 salke andar property kharedi nahi kar sake to kya?

Words are not enough to thank you for such detailed explanation about the content.

@AssetYogi

3 жыл бұрын

You are most welcome

Bow down to you, I required specific knowledge on it at this time and suddenly your name came in my mind, you haven't disappointed me. Found a exact video I wanted. Thank you. 💐

@AssetYogi

Жыл бұрын

Glad I could help!

@rajagopalankrishnamachari5194

Жыл бұрын

@Asset Yogi if I need professional advice, how to reach u?

Dear Asset Yogi, you upload all the prominent financial topics which concern a layman. Your presentations are fantastic and in simple words. Great.

@chandrashekhargaikwad6357

Жыл бұрын

कॅपिटल गेन फिफ्टी फिफ्टी पर्सेंट नाही और आर एस सी डाल सकते क्या

@chandrashekhargaikwad6357

Жыл бұрын

नाई बांडमे पैसा निवेश करते है जॉइंट अकाउंट चलता है क्या

@chandrashekhargaikwad6357

Жыл бұрын

क्या सभी बांड मेनोमिनेशन फॅसिलिटी है

Thanks from the bottom of my heart sir, for the insight given for capital gains tax.

@tanashokful

3 жыл бұрын

Good

Excellent clarity!! Thank you very much for crystal clear explanation.

@AssetYogi

3 жыл бұрын

Hope it's helpful 😊

Extremely well explained Which can be understood even by a layman This video has guided me very well Thanks a lot

@AssetYogi

2 жыл бұрын

You are most welcome

Sir kya baat bahaut deeno ke bad aye ap video was marvelous. Ap dhanya ho sir🙏🙏🙏👌👌👌❤❤❤❤❤

I was unaware of exemption of tax on sale of residential property, this video is very helpful.

@AssetYogi

3 жыл бұрын

Thanks Aniruddh 😊

Thankyou for explicitly clarifying that only CG need to be reinvested into CGAS and not entire sale proceeds

It's amazingly lucid how well u explain things not easily understandable Luv u man for this 💞

@AssetYogi

3 жыл бұрын

Thanks Yash

Excellent explaination. Beautifully presented.

Very informative video. Clearly and in detail explained all expects of tax savings.

Nice information. Thanks. And requested that keep it continues.

@AssetYogi

2 жыл бұрын

Keep watching

Very informative which gives a clear understanding of what is Section 54, 54EC & 54F....Thank you sir for also adding Text & Clip Arts to it.

Very well explained Sir... Actually, I was looking for alternative of 1031 exchange of US in India and then from your video I came to know that Section 54 and 54 F is exactly the same with better time benefits but several restrictions. Thanks a lot for your in depth explanation...

@smalhotra4451

3 жыл бұрын

I

@siddharthbajpai6132

2 жыл бұрын

Hi Sir, time limit you mentioned is 1 year back and 2 year forward for long term capital gain, 1 year back confuses me, my confusion is "this one year back refers to buying a residential flat exactly before (within) 1 year from date of selling a residential plot" OR "this one year back refers to buying a residential flat at least 1 year of before of selling a residential plot", any response would be highly appreciated 👍👍 to be more clear for example if i am planning to sell a residential plot in may 2022 and planning to buy a residential flat now in March/april 2022 and later planning to pay partial bank home loan after selling a plot in may 22, would I be eligible for exemption or not...as I am consumed with 1 year period. The above scenarios is exempted or it would be exempted only if I buy a flat now and selling should happen of another land plot after 1 year.

@AmarjeetSingh-vi8sq

Жыл бұрын

Tax.nhi sarkari loot

@aloksrivastava2470

6 ай бұрын

श्रीमान जी, क्या एक प्लाट जो मैंने पांच वर्ष पहले ख़रीदा था उसे बेचकर कोई दूसरा ज्यादा कीमत का प्लाट ही खरीदते हैं तो क्या कैपिटल गेन टैक्स की छूट से ० 54Ec के अंतर्गत मिल पाएगी?

Very informative, lucid, clear presentation. Excellent.

@AssetYogi

3 жыл бұрын

Glad it helped!

@RajendraPrasad-ux6mu

2 жыл бұрын

Jamin registered in 1990,no mutation done till now.please explain about the legal status of the land and what is the process of mutation after more than ( 30) thirty years. years

Information is very very useful to everybody, ur way of explanation is very, simple, point to point, thank you u sir !!!!!!

@AssetYogi

3 жыл бұрын

Keep learning 😊

U r the best sir!... Tons of thanks from my side for such valuable playlists on your channel

@mauriceandrade8483

4 жыл бұрын

If I sell ancestral property purchased by my grand father can I get indexation benefit. The property is transferred to my name.

@sonali4026g

4 жыл бұрын

@@mauriceandrade8483 Yes you can If any asset is acquired as per Sec 49(1),i.e by gift/will/succession/inheritance then your Cost of acquisition will be taken as Cost to previous owner. And you can take indexation benefit from the date the previous owner acquired the asset

@abdulwahidmuradabadi4950

3 жыл бұрын

Oh Sir! U r presentation is more effective n masterly. Unlimited knowledge, u deserve 100 salutes. B blessed n thnx for sucha nice clip.🙏

Very nicely and systematically explained! Thank you.

@AssetYogi

4 жыл бұрын

I hope this will be useful Rohit Das :)

Sir, You are a GENIUS. Such a Beautiful explanation

बहुत बहुत धन्यवाद सर इस महत्वपूर्ण जानकारी के लिए।

@AssetYogi

Жыл бұрын

Keep watching Satya

If I purchased new property 3 years back and got possession this year and sold old property within 1 year after possession of new property then can I claim tax exemption based on possession date?

Nicely explained....keep up the good work Mukul.

Detailed information about Capital Gain ! Superb!!

@AssetYogi

Жыл бұрын

Keep learning

Very clearly and briskly explained. Very informative indeed. Well done.

@AssetYogi

3 жыл бұрын

Glad you liked it

@rambabugupta4246

Жыл бұрын

Please advice incometax on capital gain tax as per consumer price index 2003&2022

Great video for clearing doubts about capital gain income.

Very well explained. For claiming exemption under Section 54, is there any restriction on the number of residential properties owned? If a persons owns 3 or 4 residential properties and sells one, will he be eligible to claim exemption?

Quite innovative and educative. Excellent presentation Saju George.

Amazing video. Extremely useful information. Explained in a detailed and easy manner. Asset Yogi is the best

Sir, you have really explained so nicely that I highly admire you, appreciate you. You have done a Commendable job. Kindly explain how to Calculate Long/Share Term Capital Gains on Properties. Thanks.

Very nice and totally immense help to people.

@AssetYogi

Жыл бұрын

Thanks Kamlesh

Nicely explained on subjects. It's Very informative.

Thanks for Valuable advise

As mentioned in the Act under Section 54EC Bonds can be purchased only in case of profit from sale of house property and land. But as you have mentioned that in case of profit from shares and mutual funds Section 54 is applicable. Please clarify on this matter. Thanks.

Sir let me know how the tax can be saved on selling the ancestral residential property

Thank you very much Sir, your discussion has helped a lot.

बहुत अच्छा विश्लेषण किया है।

You explain the matter in your each video nicely.

Can I construct a farmhouse in my own farm with the Capital Gain earned through the selling of land?

@jugalpatel5744

3 жыл бұрын

Why not.

Thanks for this Capital gain lecture. God bless you.

Thank you bahut acche samjhaya

Great Video... Clears up lots of doubts... Just one question - "when we collect the sales proceeds from the buyer, is it mandatory for the buyer to withhold TDS @ 20% .... or whether we can take advantage of Sec. 54(f) and put the entire proceed in Capital Gain Account "

Excellent Explanation Sir, I have a question, What would happen if the assessee is not able to construct the plot within 3 years under 54F due to a delay from the builder or authority in handing over possession?

very helpful, thanks

Good advice. Thanks

बहोत ही बेहतरीन विश्लेषण मिळता है इस वडोस से ! कोई डाउट नहीं है समझनेमे ! अभिनंदन - ऐसी अच्ची जानकरी व्हीडिओ जारी करनेके लिये !💐👍👍

@AssetYogi

4 жыл бұрын

Dhanywaad :)

Hi, please recheck 54EC, as per my understanding, the capital assets which can be sold are only land or building or both (finance act 2018)

@AssetYogi

4 жыл бұрын

Yes. You are right. Pinning the comment.

Very nicely explained in simple language. Thank you.

@AssetYogi

3 жыл бұрын

Hope it's helpful 😊

Very informative, thanks !

@AssetYogi

3 жыл бұрын

Keep learning 😊

I have sold my factory leased hold Midc land for 45 lakhs but the ready reckoner rate is 1.5 cr and registration is done on 1.5cr with stamp duty paid for the same amount now capital gains tax will be calculated on which amount..? I hve purchased agricultural land and shifting my factory on 2 acres of land how much capital gains I will be laible to pay pls advice Thank’s

It's not clear at 11:45, you said that instead of bonds one can buy residential property? If I sell a commercial property(holding >10 yrs) and buy residential property Worth the capital gains , can I do that without attracting ltcg?

Thank you for a very clear explanation

Very nice way of explaining the process. Thanks

@AssetYogi

Жыл бұрын

You are most welcome

Great content. It would be great if anyone can answer this question : If I buy a residential plot and construct an independent house in that plot with the proceeds, will this be considered as construction and do I get 54 or 54f exemption in that case.

@nirved9336goyal

2 жыл бұрын

yes but construction should be completed in 3 years

@ashoksarang2358

2 жыл бұрын

Two activity are separate so only consideration will get benefits, if you purchase house along with land then you will get benefits

Bot badeya samjhate ho yarr....v good

योगी जी बहुत सुन्दर।अपने बहुत अच्छे से समझाया। धन्यवाद। Dr Nimboria kk

Nicely explained, useful information!

@AssetYogi

3 жыл бұрын

Thanks 😊

Amazing video as always. Really, whenever any of my friend asks me solution about any financial problem, I gives the link of your video (connected matters) to them. :) Sir if possible , kindly made a video that how to file income tax return (mentioning Gain from stock market / mutual fund etc) with other salary income. Thank You so much of this valuable information.

How to save tax when I purchase a Under value property, means under the govt. value. Is there any option?

@Noone-hh5cq

4 жыл бұрын

What is under Value Property?

Hi - 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?

Bahut zabardast information presentation.

Sir plz develop a video on G..S.T with benefits and loss

Sir, I’ve crossed the time limit of LTCG account ie 2 years. What I have to do now?

@sonali4026g

4 жыл бұрын

Then the Exemption u/s 54 which was claimed by you earlier will be taxable in that year when two years lapse. However, if your time limit is exhausting during the lockdown period, then it is extended to 30.6.20

@amanpahwa2118

3 жыл бұрын

Sonali Gawde What if half amount property mein lgaya and half ka bond invest krdia tabh bhi tax exempt hojayega mam ?

@manishadeshmukh5525

3 жыл бұрын

@@sonali4026g Hi, I have sold my residential house in 2010, to purchase new one. But deal couldn't final. My capital gain amount is still in Capital gain a/c . Will u pl guide me what is the procedure to withdraw that amout. Thanks

@ggauravj

3 жыл бұрын

@@manishadeshmukh5525 capital gain tax is to be paid in the previous year itself notwithstanding your agreement to sell in future. So whenever you execute an agreement to sell mention the clause 'indeminity of capital gain'.

@kiranupar1386

3 жыл бұрын

Hello sir. Nice information. I HV one query can I sell two residential properties and buy single residential property with tax exemption.

Very Nicely explained !!

Very useful information. Thanks a lot !

@AssetYogi

Жыл бұрын

Keep learning Kavita

If a agriculture land sold and bought house property in urban but already having residential urban ,what tax would be implied .

@Noone-hh5cq

4 жыл бұрын

If you sell a Rural agricultural land, no Capital Gains tax If you sell an Urban Agricultural land, and purchase a Rural/Urban agricultural land within 2 years, you can claim exemption u/s 54B

Listening you and found that how illiterate we are in financial matters. Thanks for sharing

Very clear explanation.... Many doubts cleared. Thanks

All the good guidance given by you is valid till date as this video was posted 3years ago 🙏🏼

@AssetYogi

Жыл бұрын

Thanks Gopaldas

@gopaldasbisani

Жыл бұрын

Any latest changes by Govt

Thank you for this vedio. I have invested my money in capital gain after selling my flat. Its a long term capital gain. But I don't want to purchase a flat. Pls let me know how can I withdraw my money from capital gain account.

This is an outstanding video - crisp, perfect animation and to the point. Well done Asset Yogi.

@AssetYogi

4 жыл бұрын

Thanks for appreciation 😊

Excellent clarity, in this video, Thank you very much. 👍🙏

@AssetYogi

2 жыл бұрын

You are very welcome

Sir, i sold a property in may 2019, capital gain 13 lacs, deposited this amount in capital gain scheme in october 2020. Till now i haven't purchased property from that amount. What should i do now to save tax?

For exemptions Capital gain, can I clear the home loan amount of my son who has purchased a flat on bank loan , May I get Benefit on tax exemption

@sunitaambhore908

3 жыл бұрын

I hv same questions plz help me

Sir, Thank You for sharing such an informative video. It’s beautifully explained. Please advise what do we mean by the term ‘House Property’ under section 54, 54F. Can purchase of residential land be considered as house property to save capital gain under section 54F. Also, if I have a residential land in join name with my wife and I sell a non residential property , can I invest as per section 54F to save capital gain tax, as u stated that a person can hold only one residential property

@meghrajverma2343

2 жыл бұрын

Pl v

Very well explained.your narration is good.tks

Excellently explained. Thank you Sir

@AssetYogi

2 жыл бұрын

Most welcome.

Sir I have a ancestor property from 1917, In 2018 I demolished the old house and construct the comersial building by taking advance from purchaser , and also received door numbers from corporation in 2019, and same year I done sale deed for shops. Sir my question was whether it is short term or long term capital gain.

@bipin675

3 жыл бұрын

Long term

@rupeshmore7294

3 жыл бұрын

Good

Please let me know if I can combine indexation and section 54 for house property

Very informative guidelines video by Tax expert Mukul

@AssetYogi

Жыл бұрын

Thanks for liking

I am sr. citizen & isold my plot in Aug.2019 for Rs.38,00,000.& was purchase in 2010 June for Rs 14,74,000 including stamp,registration ,brokarage,Adv.fee, mutation charge & construction of boundary wall. Now i would like to know that Whitch ITR form i s use for filling IT return for AY 2020-21 as LTCG to be shown in ITR.

@Gurpreetsingh-zl8ni

3 жыл бұрын

ITR 2 assuming you dont have a business, if you have a business then ITR-3

Shri Mukul Malikji from ASSETYOGI, dhanyawad for video. I have a question on how far in the back can I purchase a property to avail tax benefit. In my case, I bought (Sale agreement signed in Aug2018) a property (my second flat) from Godrej and they are planning to handover this flat in Sep2020. So the registration will happen sometime in Sep 2020. If I sell my current house (first flat) in Jun2020 or after, will I be able to get long term capital gain by reinvesting money (after paying remaining loan of first house) in Godrej flat (my second flat). I will move from my first flat to second flat (Godrej flat).

@bipin675

3 жыл бұрын

One year back From the Sale date and after sale date up too 2 year purchase and 3rd for constitution

@AY - 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?

Thankyou sir for information.

Sir suppose i had purchased a property amounting to 45 lacs and sold it at 65 lacs with 20 lacs capital gain after 10 years. The interest paid to bank during this period is 10 lacs. Please explain the capital gain is 20 lacs or 10 lacs because the total cost of house is 55 lacs including this interest amount. Also the period of property starts when it get registered or when we pay first installment to the builder because we get possession after 5 years.. thanks

@mr.hulk..

2 жыл бұрын

You can also include inflation of 10 years in LTCG ( maybe you don't have to pay any tax )

👍Thanks

@AssetYogi

3 жыл бұрын

Welcome

Do you get indexation benefit if you sell the property at a loss? Eg: home bought for 1cr 10yrs ago now selling for 1cr only but if acc to indexation my stepped up cost for home is 2cr then can i claim 1cr loss?

Very nice notes bataya ji

Thank you sir for this knowledge My.q is I sold my old house which was on my fathers name & now i want to purchase a plot & construct house on it with my father as co aplicant ,whitin 1 year So can i get tax exmption...? Under section 54F

Smart presentation at good pace and covered almost all the information.............. Precise and to the point, Good job sir

Good. Very informative.

Bahut Jaan Hain aap ki baat and looks mein.

Sir sec54 is not clear. You said one cannot purchase residential plot from long term capital gain amount. But can purchase residential house / property to avoid tax. How come??? He will purchase residential house along with land only Or construct a property on land only . *please clear* Please clear.

@deerocks56

4 жыл бұрын

Lots of confusions on this issue , Better talk to a CA related to this As for me, I have asked my CA regarding the same , he said I can purchase a constructed house within 2 years or purchase a plot and then construct a house within 3 years That way I can save any kind of capital gains tax

With effect from Assessment Year 2020-21, a taxpayer has an option to make investment in two residential house properties in India to claim section 54 exemption. This option can be exercised by the taxpayer only once in his lifetime provided the amount of long-term capital gain does not exceed Rs. 2 crores. Can he take benefits , multiple times by selling one and buying again one residential with LTCG.. once in life time is only restricted to selling one and buying 2 residentials... kindly confirm

Sir please clarify that can we get exemption from filing cgt for closing the home loan account through selling the above said house property LTCG

Very usual information. Thanks.

@AssetYogi

2 жыл бұрын

Our pleasure!

If I sell my house after 30years and give equall amount to my two sons for buing flates,should I be the responcible for tax on recieve amount?

@suniltshegaonkar7809

4 жыл бұрын

You have to clear your taxation and then donate to son or whoever