Pay ZERO Capital Gains Tax on Property Sale (House, Commercial, Land) in 2024

[@AssetYogi]

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[@yashomatijoshi5371]

All confusions are fully cleared.thanks a lot Sir. No confusion left now

[@MagdaleneM-f3q]

I am retiring next yr at 55 with 3 houses paid off worth 4.5 million . One is my place of residence the other 2 properties will give me $80,000per/yr rent . I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably . I have no debts

[@TinaMyles]

You have done great for yourself. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.

[@KentBrono]

Starting with investing may feel challenging, but focusing on passive income, like rental properties or REITs, can offer stable returns. Seeking advice from a financial advisor and researching high-demand rental areas can help you find investments that match your goals, ensuring future financial stability.

[@KentBrono]

My CFA Julianne Iwersen Niemann, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@PAPatil-vr3qz]

Invest in certain govt bonds and save capital gain tax

[@MayankJaniOfficial]

Tip for anyone wanting to save tax from real estate income. Instead of buying bonds at 6 percent returns, locking the funds and dealing with the government schemes, one could quite simply put all of that in FD at around 8 percent returns or even mutual funds at 10-15% returns. This should recover the tax you paid in 1-2 years depending on the amount. You also have access to the funds at all times in case of an emergency.

[@MrYOUTUB1982]

where is the income from real state now a days. you can buy but when you try to sell, you realize there are no buyer. and even if you manage to get one, you have to sell the house in the price below your purchase price. days are gone when real state use to give you return.

[@prashantchoudhari2920]

One important point missed in section 54. If the assessee buys or constructs a new house within the prescribed time limit after selling the old house property, which is a long-term capital asset, he or she can claim an exemption under Section 54. Further, if they want to sell the new property owned by them, the individual must hold the property for a minimum of three years as per section 54. If they sell before the stipulated time, the benefit given to them will be withdrawn, and they will have to pay the tax on capital gains.

[@ANILSHARMA-eq6to]

EXCELLENT VIDEO WITH FULL CLARITY.

[@invinishku1542]

Earlier capital gain was calculated by indexation and that capital gain have to be re invested but now indexation option is only while paying taxes and not in calculating capital gain for reinvesting.

[@NaveenG-k3l]

Be careful, If you are depositing your Capital gain in Capital Gain account Scheme. Make sure to reinvest or withdraw the amount within the 2 years limit. If you miss it, your funds are locked for long unless you wet the hands of the IT officer in charge of your PAN account. It doesn't matter if you have paid the applied tax for the capital gain amount. It will be so annoying that they will talk all the rules about you paying tax, but ask for money under the table to withdraw your own money. My own 10Lakhs is locked in the capital gain account for last 6 year, as I am not willing to pay anything under the table to the IT officer

[@schakravorty1021]

Dear Naveen, I am selling my old residential property to buy new one within 6 months time. Should I receive money on my savings account. Also could you kindly advice that after receiving the amount, do I need to inform the Income Tax department about the same so that they do not deduct the tax from my account. I appreciate your kind advice. Thanks!

[@deivasigamanisubramaniam4976]

Nice narration. Can you please post the same in English for the benefits of Non-hindi speaking people. You have covered the subject well. Thank you.

[@tubeboy555]

Clear ! Precise ! Thank you.

[@tarun1906ify]

The best video on capital gain tax. You are just amazing.

[@avaneeshkumarmaurya919]

Thank you so much, आपने मेरी बहुत सी दुविधाएं सॉल्व कर दी

[@chandravijayshah1991]

In your Excel Sheet, you have mentioned: "For Properties bought before 1 Apr 2001, enter Stamp Duty Value or Fair Market Value on 1 Apr 2001, whichever is lower". As per ITD Tweet, it is as per choice of the Tax Payer. Your feedback, please.

[@rohitsoni9325]

Wow really informative video! Section 54F was completely new for me👏

[@anilarora9846]

Sir I appreciate yourself for your knowledgeable video on above subject.

[@karen1306]

Please give clarity by video on Capital Gains AC CGAS Type A:(Savings ac) CGAS Type B: FD. What is the interest applicable, which banks, procedure and tips to withdraw part amounts when purchasing Residential property.

[@mubarakalipatel5295]

Now it is common in the country to bring Agriculture land in urban areas for many developmental reasons ; in that case a person has to pay capital gain tax if that person makes profit or invest in other property as per guidelines.

[@bidhankaly]

Very good analysis. But I have a concern. If I am buying a new residential property by selling another one, then I have to pay GST, Under Table Charge and other many charges. So, paying tax. Now this new property will not get LTCG benefit. I feel this is a trap. It is better to pay the LTCG tax instead of investing in a new property. If someone wants to buy a property for very-long-term staying purpose, then it is ok. Otherwise ....

[@amaypaliwal1155]

Right, Every thing depends on Personal Use of Money.

[@rajesh923]

Hello sir please aap Puri banking system ko pda dijiye please for upsc students ke liye me banking system me bahut weak hu please

[@nandiniwagh2359]

What about redevelopment property?when can be sell?& Purchase new residential house? what tax benefit will be there??

[@iamjagdishbhavsar]

Can we off set short term capital losses carry forwarded from previous years with Short term Capital gains from sale of (property which was not held for) 2years

[@नीरजकुमारनीरज-र3न]

​@@rajesh923 Sahi bat hai bhai....mai bhi

[@mavasudevanmadhavan1135]

Valuable information. Thank you

[@rahulmax12]

Superb explanation.... covers almost everything , so well...

[@fitwithvishal2262]

Can you also make one video on LTCG tax when selling an asset hthat has joint or multiple holders.

[@omtek2303]

This video is very useful if all content in this video is true and valid. Some points are not clear: 1. Capital gains account scheme 2. Can I buy 2 plot after sale 1 property in exempt.

[@anil_6219]

Excellent delivery, great Yogi ji ❤

[@vdhat2007]

Excellent information in very simple language, Thanks.

[@ramessharma]

Plz made a video on sale of stocks for STCG where we can save tax on profit of STCG.

[@sanjaydey3903]

Thank You. Excellent Video.

[@sumitvaish4467]

Excellent narration sir

[@Ot3164]

One question: for gains adjustment if we direct sale proceed into a plot and then build a building on top of it; the entire cost I.e. cost of plot+cost of building construction will be allowable? Or just the building construction cost?

[@Artofsukoon]

Please also add tax, capital gains breakup details on joint ownership in property

[@pawanthour3865]

VERY WELL EXPLAINED,THANKS.

[@KhanKhan-xm3md]

Thank you Sir... Valuable knowledge...

[@anythingeverything7762]

Then how about adani and Ambani etc,they have hundreds of properties,how govt allowing them to buy and sell?

[@sanjayvaidya4925]

Pl. Stop this nonsense. Here middle-class folks trying to get tax advice. Stop your politics.

[@tejastupe]

Thanks for great video. I have bought house in Feb 2024. I have some MFs, which I am thinking to redeem. This is purely for Tax Harvesting purpose. SO, How IT department check if I have invested that money in house property or not? I have outstanding loan of 50L now, do I need to pre-pay it with all the proceeds I get after selling my MFs? (for example, if I get 15L after selling MFs, do I need to prepay loan by that much amount?). Please guide.

[@madhavichakravarthy9519]

You have beautifully explained about all types of assets for CG tax. Please do let me know about this tax effect on sale of Industrial property of a proprietary company.

[@jayantbudhiraja8077]

Sir, I have been watching your videos regularly and find them very informative and provide good clarity. Capital gains in simple language is well explained in this video. However, complications appear in case of under-construction properties where no clarity is provided in section 54. Whether date of allotment, date of possession or date of registry will be considered. Also, in such cases, how to calculate indexation. Such complications are plenty in under construction cases. I would like to request you to pls make a detailed video on cases involving under-construction flats. Regards

[@RKawra]

Valid query which has not been covered so far.

[@prashantsharma8340]

Please give suggestions for residential property transferred due to the demise of parents. Originally property purchased in 1994, transferred to me after demise in 2021, now I am planning to sell in December 2024. In 1994 no CII

[@imadhaparashar]

In this case cii will be 100 from 2001 But mostly in such case you may prefer without indexation because rates have increased far beyond inflation in last 24 years in general.

[@anilkumargupta3818]

Thanks for good analysis and quality information.

[@urband554]

Bestest video , thank you

[@suryakumarsharma6613]

In section54,we can purchase under construction property after 2 years witch OC will receive before 3 years from date of sale of original property

[@saralasr6054]

Lot of clarity on capital gains tax.pls clarify if agricultural property is sold and reinvested in agricultural land, do we get capital gains tax?

[@srigl4766]

Hello Sir, In the video you mentioned if our property is purchased before 23-jul-24, we can avail indexation benefit to arrive at the taxable income. However, in the Excel calculator, the indexation benefit is given only on the property sold before 23-jul-24. I would like to clarify if the indexation benefit is applicable only to the properties sold before 23-jul-24 or if they are applicable to even to the property sold after 23-jul-24 (as long as it is owned/purchased before 23-jul-24)

[@anubharti6117]

How to file ITR if property has been sold at loss

[@djankoulrea3463]

Very clear explanation

[@prataproutray1261]

Very good analysis. Thank you!! I have however a very different question. Please help determine how capital gain tax is calculated if I sell the property now, when the residential property bought 10 years ago was not yet even given possession and followed a construction linked plan with 90% of total purchase value paid till date during first 4 years of booking . Appreciate if you can enlighten us

[@snapsizzle478]

I purchased residential property at suppose 20 lacks however I paid home loan interest on it of about 20 lacs and I sell the property at 50 lacs..What will be my lt capital tax..

[@narendranegi4982]

Very informative video. 👍

[@avinasimuthusamy563]

Sir Can I talk to you in person about my year 2016 LTCG some issue in IT dept. If possible how I will contact to you..

[@farzadirani9258]

Nice and informative video..... Well explained 👍😂

[@seshadrit.v.8709]

Can you please clarify whether properties held before 2001 enjoy indexation with 12:5 percent cap gain tax. This was proposed in the 2024 budget

[@mahendravarandani3265]

Hi can you plz help the definition of purchase property sale agreement or sale deed ?

[@ASen03060]

I have purchased a plot of non-agricultural land in 1990 by Rs.80,000. Now I have decided to sell that plot by Rs.10 lakhs. Circle rate of that plot is Rs.15 lakhs. Please calculate my actual capital gain tax figure , which I have to pay to income tax authority? Please also note that, trying my label best I couldn't find the circle rate or fair market value of that plot as on 01.04.2001. Now I want to pay the actual capital gain tax to income tax authority, so that no future problem arises. Please calculate my actual capital gain tax figure.

[@nathuramsharma2561]

From where (authentic source)one can obtain circle rates aswell as fair market rates prevalent on a particular date.?

[@AshishGusain17]

Nice explanation

[@sarinnarayan7796]

Superb explanation

[@rajivs007]

The problem lies in definition of "Residental House Property" Does it include plot ?

[@navajyotisarmadps4540]

Can we invest the LTCG or STCG to save tax in pre-emi of home loan

[@PaulStephenRudd-u7b]

Small taxes can affect investment decisions such as whether to choose tax-free municipal bonds over taxable bonds or do a Roth IRA conversion. I’ve been sitting on over $745K equity from a home sale and I want to invest on the stock market, how do I achieve this without being taxed twice?

[@Joegolberg1]

There’s more benefit to holding fixed-income assets in tax-deferred retirement accounts as opposed to taxable accounts. If you're not who understands strategies to invest in the market, seek a Financial advisor to guide you.

[@Benjaminarmstrong684]

Indeed, I did make use of a financial counselor. As I get closer to retirement, their advice has been really helpful. I thought compound interest on index funds wouldn't be sufficient because I started late. It's amusing how I've done better than colleagues who have more years of investment experience. I've profited more than $886k tax free.

[@PaulStephenRudd-u7b]

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@Benjaminarmstrong684]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Gregory Leo Cattel” for about five years now, and his performance has been consistently impressive. He’s quite known in his field, look-him up.

[@PaulStephenRudd-u7b]

he appears to be well-educated and well-read. I ran a Google search for his name and came across his website; thank you for sharing.

[@shankarjha2238]

Should We Investment without indexation or indexation benefit can be availed if invest in bonds ?

[@souravdey6038]

Thanks. If there is STCG on commercial property. Can I invest the amount in tax-exempt bonds.

[@rdcal]

Good video, I have a few queries. 1. What is considered to be the date of purchase for under construction property, is it date of allotment or date of possession or date of registration. 2. Please advise if benefit under section 54 is taken, can a person also get benefit u/s 54F (through sale of shares) for the SAME property

[@suyashsrivastava5625]

A video on how to save LTCG TAX please

[@ipc5856]

Is the indexation benefit not available while reinvesting?

[@spicewithalok3645]

If the property is purchased eighty years ago then how capital gain can be calculated.purchase amount is too less or not known.

[@sohanlalmeena3948]

Very valuable information sir

[@dariusmoos9416]

Better to pay the Cap Gain Tax n recover it by doing better investments... 5.5 -6.0% interest on CG scheme is too less...

[@VJVIKTORY]

Very valuable information thank you

[@asokkumarchaudhuri8177]

If sale value is less than current stamp duty value then which amount should be taken into account while calculating long term capital gains.

[@lastpawn1763]

Very nice content as usual... since covid time you made me more n more financial literate... Does your firm file tax return? If yes share details.

[@skagrawal7992]

Whether expanses and stamp etc allowed in cost of acquisition as of now

[@SujeetBane-cc4ii]

Nice Information👌👌👌

[@vikramehta]

How do you invest the capital gains under sec 54 (1 year back)? Can this gain be used to pre-pay a home loan which was taken to buy the new property?

[@Ajay260176200806]

Very informative content

[@AbhishekGupta-bg6bk]

Can I use the capital gains to pay the loan amount for the property bought 5 years back?

[@karunayadav1771]

Good information.thanks sir

[@pravingautam4600]

Dear Mr Yogi, I have read on another sites there is a provision under Section 54EC is only for sale of land and building, so clarify it.

[@gaonkefoji1338]

Sir mene 1 Khali plot 5 lac me kharida or ab 11 mahine bad makan bana kar 25 lakh ka bech raha hu to kya mujhe STCG sort time capital gain tax lagega...or mene es par 10 lakh ka Construction home loan bhi le rakha h . Please 🙏 sir bataye... help me sir ji please 🙏

[@HarpalSingh-w4v7z]

What proof required fir improvement cost to be less from sale price. Is agreement bond on stamp paper is valid for the same.

[@bhavanapatelabsolutelytrue2625]

Sirji jo NRO hai unhe koi bhi investment nahi karnaa hai to kitnaa tax bharna padegaa unk ghr ko bechne kaa long term capitol gain tax kaise tay hogaa ?kyonki ye inherited property mili hai ?

[@mukeshpatel2703]

Ola ke shar kharid sakte hain kya mukul sir ji, bataye details me🙏 please

[@amitm7550]

Sir if a person sells their urban residential plot can they use the proceeds to purchase agricultural land in urban or rural?

[@rajneesh68]

If I will inherit property Land and sell this how CG will be calculated

[@curiousabhishek2009]

Then what is the difference between section 54 and section 54 ec in case of a property seller

[@sumitvaish4467]

Can I use both 54 and 54F at the same time for different assets?

[@sarojmahapatra4245]

Very good thanks

[@sumitmitra7336]

If I sell property say NOW for say 50 lacs (2024)& reinvest it in 2 years (2026) by paying 25 lacs now in an under construction building whose final closure ( construction ) will get over in next 4 years (2030 ) ,then do i have to pay LTCGT ? The under construction property will be taking the balance money of 25 lacs in installments as per a payment schedule ( depending on the level of construction )that is spread across from 2026 to 2030 . ( The sales deed will show a sum of 50 lacs in the year 2024 )

[@KunalSharma-ew7jd]

Great video. I have a query - Is exemption under Section 54F applicable on selling MFs and giving the entire amount received in MFs for Home loan advance repayment?

[@abhijeetkate1005]

Interesting ✨️

[@mojojojo1035]

Thank you for the very informative video. Please help for the below: 1. 50lac of sold example that you say. Does it have to be single asset type only? Can it be combination of stocks, bond, property sold in same year? 2. Another question - Does it have to be sold all at once? Or anytime in the same year. For example, 25 lakh Rs stock sold in April 2024, 25 lakh ps some other stocks sold in July 2024? Thank you 😊

[@xxxz1051]

For residential property purchase price to be considered is agreement value or total flat amount paid to builder?

[@TanushriBakshi-vl6vq]

Thank you Sir 🙏

[@roshnikandari6954]

Can you also share how NRIs can save the tds on capital gain? Is section 54 applicable for nri also

[@sandip_jasani]

But if I want to invest my lTCG in commercial property, is it possible?

[@videotv932]

Section 54F applies on land purchase ?? or is it applicable only on flats or house purchase ??

[@dmn1n]

Sir if Date of agreement considered or posession letter to consider for 1 year before selling property.

[@rajgupta2981]

Can we use this CG in Paying our Home Loan to get rid of tax ???

[@MrMvvsnmurthy]

Hello sir, It is a nice video. Could you please share the Excel calculation for download Murthy, Hyderabad

[@SureshSharma-jb6tp]

Sir good information please give about long term and short term capital gain save tax r invest which class share and gold house property

[@dipankardas4631]

Can we save capital gain tax after selling mutual funds and using the capital gain prepay our total home loan.

[@rupamchowdhury4326]

Is Sec 54 still applicable to the old regime where indexation was allowed?

[@ASen03060]

If I expend some money for repairing & colouring my old house from sale proceeds of non-agricultural landed property, can I get any exemption from capital gain arising from sale of that landed property?

[@shashanksc75]

Sir, can you pls clarify if capital gain amount can be used to claim exemption for repayment of housing loan of first property?