23 July से Property बेचने पर देना होगा ज्यादा Tax? | New Capital Gain Tax Calculation on Property

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The Union Budget 2024 introduced several changes affecting capital gains tax on property transactions. Here are the key points:
Capital Gains Taxation Structure in Budget 2024:
Short-term capital gains (STCG): For properties held for 24 months or less than 24 months, the gains are taxed at the applicable individual tax slab rates.
Long-term capital gains (LTCG): For properties held for More than 24 months, the gains are taxed at a concessional rate of 20% upto 22/07/2024 and 12.5% if sold on or after 23/07/2024 without indexation benefits.
There are Many more changes and Calculations are there - Watch video till end to understand the concept.
23 July से Property बेचने पर देना होगा ज्यादा Tax? | New Capital Gain Tax Calculation on Property
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[@incometaxwallah]

Ask your Questions max to get answer. Also Subscribe this channel. Team Income Tax Wala

[@harindersingh5177]

@@incometaxwallah Sir Good morning Let one property is purchased in 1995 for Rs 100000/ (Rs One lakh only ) & sold on 27July 2024 for Rs800000 (Rs Eight Lakh only ) Please share the amount of CAPITAL GAIN payable. Thanks

[@understandthewordsfeelthes3036]

Thanks for sharing latest updates 👍👌

[@incometaxwallah]

Always welcome

[@sumitbhardwaj1215]

Agar kisi ne 2021 me 7500 rs ke circle rate se 100 gaj ka plot buy kiya tha and August 2024 me 16000 ke rate se sale kar raha hai but abhi circle rate 8500 ke rate hai toh registry 16000 ke rate ke according honi chaiye ya 8500 ke circle rate ke according honi chahiye LTCG KESE NIKAALE

[@incometaxwallah]

registry 8500 ke rate se hogi aur 8500 ke rate se hi LTCG calculate hoga

[@kirandeepsingh-nj6ll]

Indexation ka benefit bhi 2000 se leke 2005 2007 tak hi zyaada hai bhai mere. Jo property 2010 ke baad le gayi hai,uska appreciation zyaada hua ho toh usme is cheez ke benefit hai kyonki tax 20 % se kam hokar 12.5% ho gya hai..bohot aasan hai yeh to samajhna.why negative videos then.

[@incometaxwallah]

ok ji

[@fullspeedaheadbarcelona]

Thank you sir. Ram Ram

[@incometaxwallah]

thanks, keep watching and sharing

[@anoopgupta8624]

Agar kisi property ki purchase itr m show nhi ki ho aur ab sale karte h to tax kaise banega

[@incometaxwallah]

Purchase ire m show nahi hoti. But jab property ko sale karte h tab sale and purchase dono show hoti h.

[@subhashismajumdar3868]

Dear Sir, If a property is bought in the year 1956 and that property gets its next generation through 'Registered Will' and sells it at current market rate i.e year 2024 after budget then what will be the Capital Gains Tax ??

[@umacharanraiumacharanrai2245]

Ssor ji pan sarendar karana ke liye Sweden kiya hi par 12 din ho gya abhi takes sarendar nhi hua hai bhut parsan hu

[@incometaxwallah]

isme time lagta h .

[@cvshahshah6441]

LTCG Tax से भी ज्यादा तकलीफ होने वाली है CG reinvestment पे !! पहले indexed cost के बाद बचा हुआ profit ही reinvest करना पडता था cg tax बचाने को !! अब बगैर indexation वाला पूरा प्रोफीट reinvest करना पडेगा !! मे अगर पैसे की जरूरत के कारण पुराना प्रॉपर्टी बेचके, indexed प्रोफीट इन्वेस्ट करके, बाकी रकम का अन्य उपयोग करना चाहता हुं, तो अब वैसा नहीं कर पाउंगा 😢 Please publish your view point on this aspect .

[@incometaxwallah]

Hats off to you. Aapne ek dum sahi samjha h.

[@sandeepdhanote5008]

@@cvshahshah6441 साढ़े बारह प्रतिशत टैक्स देकर शेष ८७.५% का अपनी जरूरत अनुसार खर्च करना बेहतर। अचल संपत्ति के मकड़ जाल से 70 के बाद मुक्त हों जाना चाहिए।

[@incometaxwallah]

ek dum sahi

[@dhananjayathawale8370]

सर जी अगर प्रॉपर्टी 1980 मे ली हुई है तो उसमे इंडेक्सेशन का बेनिफिट 2001 तक मिलेगा और फिर 2001 के बाद indexation नहीं मिलेगा. ये मै ठीक कह रहा हुना धन्यवाद 🙏

[@satishsatishshah9995]

New long term capital will apply to inherit property and will apply to gold also please advise

[@incometaxwallah]

applies on both gold and inherited property

[@sashikumar96]

Hi Sir, I purchased a house in January 2013 for Rs. 30 Lacs, and sold in March 2022 for Rs 70 Lacs. Total Capital Gain was around Rs 22 Lacs after indexation. I planned to buy another house, so deposited the money in Bank under Capital Gain account scheme. Now, I couldn't buy another house even after two years till July 2024. Do I need to pay capital gain tax now (July 2024) while filling ITR? or Do I need to pay tax after withdrawal of Capital gain money from Bank? Please guide, Thank You in advance

[@ninjarx389]

Sir any incentive and performance bonus monthly if received is fully taxable??

[@incometaxwallah]

fully taxable

[@MahiFun2023]

Sir Maine 16 lakh me property liya tha 2020 me abhi uski value 30 lakh ho gye to agar main sale Karu to mujhe kitna tax dena hoga

[@incometaxwallah]

its a tax planning part and required many other information take paid consultation for this connect with us on whatsapp [phone]

[@TheMotorman1981]

Sir...Wife ke naam land transfer karnse se kya use sale mana jayga? Agar Annual Information statement main sale reflect kare tab kya LTCG tax dena padega husband ko?

[@reenapoojary3282]

SIR COMMERCIAL PROPERTY PAR 12.5% TAX DENA PADEGA KYA ?

[@incometaxwallah]

Yes

[@arvindgokhale6988]

I am 75 year old I have sold property on 27th June 2024 before budget for 67 lacs. The govt valyhas valued the property purchased in 1984 for RS 58000 AT RS 10=75 Lxs. Guide me aboutcapital gain tax andwhetber I should avoid investing in bonda due to age

[@incometaxwallah]

1. no avoidance due to age. 2. you have to calculate your capital gain as per old system like sale price - indexed purchased price. index purchase price will be calculated on the basis of value as on 01/04/2001 subscribe this channel for more updates

[@pooja4477]

agriculture land sale par bhi tax hai kya? if yes? then kya- kya tax hai? aur agar property 40 years pahle li hai to kya us par bhi same tax lagega?

[@incometaxwallah]

no 2001 se pahle purchase ki hui property ke rules different hain

[@Nancyjaiswal128]

Sir I have purchased a flat at Bangalore in 2009 @15 Lacs and now I am selling in Aug 2024 at Rs 50 Lacs so do I need to pay 12.5% of 35 Lacs or within 2 yrs if I am reinvesting it in another property then i dont have to pay. Please guide me.

[@incometaxwallah]

If you invest 35 lac in buying new residential property with in 2 years and hold new property for 3 year. Then no need to pay 12.5 % tax

[@ajaykumar-pk2sc]

Sar maine Apna floor Jo Delhi mein tha usko April manth mein becha tha aur dusri property jo maine Li July ke first week mein aur uski date Mili Hai Mujhe document registration karane ki 1 August ki aur paper maine July ke second week mein budget date se pahle purchase kar liye the ab mujhe kya tax lagega ba

[@tera_baap6912]

I've purchased a property in the year 1988. According to what regime I have to pay taxes if I sold it today. Will I get indexation benefits along with 12.50% LTCG?

[@incometaxwallah]

wait for our next video

[@rjshankha5998]

Sir agriculture land sell karke ,30 lakh fd korlu to kiya income tax dena parega ,plz ans sir

[@incometaxwallah]

it depends of capital gain and various other things can't suggest without asking all things. so take our paid call consulation connect with us on whatsapp [phone]

[@148riha]

Sir meri maa ke naam par 1000square feet ka recidencial plot land thi usko maa ne becha aur mujhe 13 lakh diye.mene ye 13 lakh se mera home loan 13lakh ka for close kar diya.me job karti hun 2 lakh year ka income he kya mujhe income tax notice ayega.

[@incometaxwallah]

Koi notice nahi aayega. Don't worry. But apni mother ki itr file Kara Lena with showing this sale of plot

[@SanjivChaudhary001]

I think, middle class ko is country main rahne ka bhi adhikaar nahi hai, worst FM ever after independence Jo bhi earning karo but in logo ko tax dete raho , salaries middle class ki na income ka right hai na hi jeene ka

[@bidyutkumarbanerjee8410]

No vote to BJP.They only try to keep interests of the corporates.

[@incometaxwallah]

you are right

[@laxmankedare3514]

What about agricultural land?

[@incometaxwallah]

Nice question, urban agriculture land cover under these provisions

[@laxmankedare3514]

In rural areas

[@incometaxwallah]

watch this kzbin.info/www/bejne/Zou8dnith8umibs

[@NarendraKashyap-f8e]

​@@laxmankedare3514 no CAPITAL GAINS IN only AGRICULTURAL LAND not commercial land IN RURAL AND LAND AWAY FORM 5KM DISTANCE FROM MUNICIPAL CORPORATION AREA

[@Prince-wwsfg8efngbjhkh]

sir mere itr mei saving INTEREST income ko exempt income mei mention kar diya hai ...new tax regime se itr bhara tha...taxable income 0 hai aur aur saving interest jodne k baad bhi taxable income 0 hi hoti... aur 5600 Rs tds ka refund claim kiya h...IT dept se mail bhi aa gaya h for bank acc validation...toh kya mujhe itr revise karne k zazurat h due to wrong saving interest jo exempt mei mention kar diya h ya rehne du??? ek bhaiya ne bhara tha.

[@incometaxwallah]

Revised karni hogi

[@arpitjain45]

Achey Din Agaye hai 🤣

[@incometaxwallah]

😂😂

[@ChandanGupta-l5u]

😢 Sad am Sir Please Reaply dijiye maine change of correction photo or sign upload kiya 8day bad under process Stuts Show Hi raha tha maine customer 😢😢 care baat kah raha Aapka 2 pan Card Show ho raha income tax Department jane ke liye 😢😢😢 maine Aaj tak 1 aalva dusara kbhi banaya hi nahi hu fir 2 kaise Jaunga to 😢Charge bhi Lagega kya Sir 😢😢😢 mere pas dusara nahi hai Kya kare kuch Samjh me nahi aa raha jayda important Pan card jaruri tha 😢😢 reaply dijiye Sir please 🙏🏻🙏🏻🙏🏻

[@incometaxwallah]

connect with us on whatsapp [phone]