Capital Gain Tax On Residential Property | Section 54 Exemption | Explained By CA Sachin

In this video we will understand about the capital gain exemption u/s 54. In income Tax there is a provision through which you can get the benefit of exemption against capital gain arise due to transfer of residential house property.
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[@ravendrasingh3049]

Itni positive deep knowledge koi nahi deta sir I like this Aap se milna chahta hu

[@kamleshjinawale3731]

C.A.Sachin sir, you are very very intelligent and how beautifully you explain every snallest things..waah....God always bless you sir.

[@expertcasachin]

Thanks 🙏🏻 call me sachin only 😊

[@sachinjain5216]

Your information is too good and to the point, with excellent practical examples👍

[@surenderkashyap6915]

Mr. Sachin, I am highly impressed with your knowledge and expertise. Just advice, if one brother sells his 40 year house , can he buy ahouse in the name of his brother out of Capital gains amount to avoid any Tax.

[@expertcasachin]

Query not clear

[@kishorrodge5273]

Ca expert sachin sir your teaching style is very good it is really helpful for beginners and professional also I am income tax practioner I always watch your videos it is very helpful you are really doing good work gbu 👍👍❤️❤️🙏🙏

[@expertcasachin]

Thanks 🙏🏻

[@user-wb1ek1pq9f]

bahut hi practical tarike se explain kiya sir apne ...

[@RamaSharma-gs6bu]

K(j

[@varshaagarwal3287]

This is the best video on Capital Gains. Sachin, if I am investing in an under construction property one year before the property sale and one year after as well, can I add up the entire slab payments before the sale or after to consider in tax exemption?

[@expertcasachin]

Thanks 🙏

[@expertcasachin]

Yes

[@rajeshsaxena26]

You have explained very methodologycally. Please share your details. I am a senior citizen retired from govt. service.

[@expertcasachin]

9319333248

[@lalchandmishra3424]

नमस्कार सर् जी आपका vdo देख कर बड़ी खुशी मिलती है ।आप बहुत ही अच्छे तरीके से समझाते है सर् ।मैं एक जानकारी चाहता हूँ सर् ।मेरी पत्नी ने एक प्लाट सन 2004 में लिया था durbhagybas 2005 में उसकी मृतु हो गई उसके बाद वो प्लाट खतौनी में मेरे नाम दर्ज हो गया ,जिसे मैंने उस प्लाट को सन 2022 में बेंच दिया ।क्या इसपर हमे टैक्स लगेगा सर् ? उस पैसे से मैंने 2023 मे प्लॉट खरीद लिए हैं ।

[@expertcasachin]

Yes But can save tax Contact near ca or us at 9319333248 Capital gain is very crucial computation so do t ignore it

[@expertcasachin]

Also share my videos in ur WhatsApp and circle

[@ravendrasingh3049]

Aap great hai sir Aapki vedio dekh kar tension km ho jaati hai

[@rajkumarsuneja7216]

Sachin ji, Good information nicely explained. Some confusion, {Point No. 8} you mean to say , If the second property has been purchased to save long term capital gain arrived from 1st property, it should be retained for 36 months to get the long term capital gain arrived at by selling the 1 property

[@expertcasachin]

Yes need to hold new purchase house

[@neerajchopra6809]

Brilliant narration. Simple content 🎉. Easy to understand. Keep up the good work 👍

[@expertcasachin]

Thanks a lot!

[@ponnusamysampath6906]

You are explaining everything very well. Thanks for your social service. I have one doubt that whether it is allowable to sell two residential properties to purchase to residential houses in different cities of india to avail benefits of capital gain, since my sons living in two different states. I am waiting for your reply. Thanks.

[@expertcasachin]

Yes but I need some more facts for proper advice So either contact near ca or us at 9319333248

[@ponnusamysampath6906]

O.K Thanks.

[@NRNTAXSTUDY]

Sir very very nicely explained. I have one Q: we sold a land worth 60lakhs and we bought another land within 1 year, worth Rs80lakhs- in another city----> will my capital gain be saved. kindly explain.

[@harshbarmi8350]

Valuable points considered Thanks for this video

[@rahuldwivedi4758]

2:10 you could have clarified the date of purchase as date of booking and allotment and not the date of possession or registry. Excellent video though.

[@bharataggarwal3535]

If husband n wife sell jointly owned R. prop. Will capital gain be divided 50:50 and tax applicable on their share separately and they will enjoy limit of Rs 50 lac each separately.

[@ankit2191]

Fantastic information 💁‍♀️👌

[@jerryji555]

Sachin bhai aj ki apka channel dekha aj tak itna simple or acche se kisene nhi samjhaya thank you mera ek question Hai hum apne saare property sale kar rahe cost is High property on father name joint family so kya new House or flat lege wo father ki jagah unki wife mere mother ya mere khud k naam pe le sakte as he is paralysed nd in bed return not filed from last few years as not in slab KINDLY explain

[@expertcasachin]

Yes can

[@smarttaxaccountingservices4041]

Most Important Query : Mrs. ABC (Female) Age = 70 years Chawl room gone for SRA project and got possession in 2011. As per the Income Tax Section 54 this is exemption for SRA development. Then this flat sold on Jan-2024 of Rs. 60,00,000/- (FY_2023-24). TDS deposited by purchaser & reflected in Form 26AS (FY_2023-24) @1% Rs.60,000/-. Consideration has been credited in bank account in FY_2023-24 : -> Rs. 5,00,000/- (Jan-24) -> Rs. 55,00,000/- (Feb-24) Now she is going to transfer this amount to her both daughter in ratio @ 50:50 & deciding for making Gift Deed on stamp paper for taking Income tax exemption benefit u/s.56(2) of Income tax act in month of May-2024 (FY_2024-25). So, my question is that, how to show this transaction in Income tax return for FY-2023-24 & 2024-25.

[@expertcasachin]

Need discussion and paper for proper advice contact on 9319333248

[@ajitshirke123]

Please make video on capital gain tax exemption for senior citizens

[@diwakarpupu]

CA Sir, English Subtitles/captions will be Greatly Useful.

[@wewalktheworld]

Property ka initial rate nhi pata, Great grandfather ke time se land thi before 1970, us time koi registry nhi thi. Ab agar sale karte hain 30lakh ka sale registration hua hai, to isme kya calculation hogi ? Ab .. if sold in 2022-2023

[@shailiaf]

Excellent informative video sir

[@DINESHKUMAR-cu5rs]

Very informative. Good

[@zsheikha6038]

sir aapka andaaz ,excellent hey, Teaching all Points in simple way. MAINEY flat sold kiya aur phir nya Undrcnstrctn Flat Last year liya ,Rgstry hugyi hy mere naam pr , KYaa Ab osku Daughter ku Gift kr skti hun?? 2 Years sirf huwey hein Nya flat lekr . Buildr pssssion nahi diya h, BUT osmey hum Reh rhyein hein. Builder ki prmssion sey , . PLzzź btaayii kyaa sahi krna huga . jismey LTCG / tax compliance Nai notice aayye , ThankU.

[@dilipjain6864]

Execelent

[@laughingshorts564]

Make a vidoe how business men buy farmhouse of 50cr - 70 cr on individual

[@qaiyumansari4564]

By paying money In black. Most of them have political connections or are politicians themselves which allow them to do literally anything without getting asked by anyone. Also most farmhouses are built by scratch by first purchasing the land which is cheap.

[@SharedAccount-yz9zb]

Mine cousin bought a farmhouse for 400 crore rupees, official circle rates are much less priced than real circle rate, on papers it is only supposed to cost 150 crore but the real it costed was was 400 crore

[@varunduttswami452]

Make some programme on nri investment in Indian listed share

[@expertcasachin]

Sure

[@kinalsachala266]

Very important information you have shared sir, thank u for this video. I have 1 question should that person have to file ITR ( even if they have no any income sources ). Is is mandatory to file ITR ?

[@expertcasachin]

Not mandatory

[@jitendrapal4493]

really good with minute details

[@expertcasachin]

Thanks 🙏

[@psengupta]

@expertcasachin, Sachin Ji thanks for your video, it is really helpful. I have question on duration on considering it as long term capital gain of a registered property. Is this going to be calculated from date of BBA or handover date from builder after registration?

[@expertcasachin]

BBA But take proper advice with paper

[@kanhaggct]

Simple Question - Got capital gain from an ancestral property this month, What if I have already purchased a property (8 months ago only) on the name of my Mife & myself (wife first owner & I am co-owner)

[@expertcasachin]

Need discussion and paper for proper advice contact on 9319333248

[@jayantpradhan2987]

Sir, if property sold in LOSS then what is the position of the tax ?

[@Goforshorts]

Flat sale agreement value is 19 lakh, and stamp duty value calculate on 22 lakh. Market value & setforth value also 22 lakh. which amount 19 or 22 will be consider for capital gain? Please explain.

[@rajkumarsuneja7216]

Thank you, sachin ji

[@expertcasachin]

Thanks 🙏

[@shivammishra-wl4bq]

sir do we have to buy land of capital gain or whole sale amount ? Eg-property sales of at 50 lakh so capital gain comes at 20 lakh after indexation etc so we have to buy another residential house of 50 lakh or only 20 lakh to save tax?

[@expertcasachin]

Propert means land or house What u sale ??

[@shivammishra-wl4bq]

@@expertcasachin residential house sir

[@shivammishra-wl4bq]

@@expertcasachin residential house sir

[@harivanshjain2089]

Sir,your vedio hamesha achchi hoti h.share k ltcg se rec k bond le sakte h kya?

[@expertcasachin]

Yes

[@SauravSinghal-qt3lp]

Sir tds ke uper ek video bna do ..

[@peterantao6716]

What about NRI buy perpetry in India

[@jimmyrai644]

In case of joint owner of the property sold whether investment in bonds can be made individually or in joint names to claim exemption under section 54EC & which date has to be considered for buying the bond within 6 months, whether date of agreement or date of part payment made by buyer?

[@prasadbhat1324]

great sir

[@expertcasachin]

Thanks 🙏

[@shakun6]

Nice video sir. Can you pl explain the transfer of CG amt to relative and non applicability of CG tax.

[@yousufiqbal9247]

Thanks good information 👍

[@prasadpdesai6961]

Good information but sir what tax i have to pay if i sell ancestral property which not mentioned any sale deed or any deeds only succession deeds so how much tax or no tax Please reply 🙏

[@manojsuri007]

very nice information. In mutual funds, is the LTCG exemption of 1 lakh applicable for one single mutual fund investment or that is applicable for 4-5 mutual funds in our account?

[@amitsaw6117]

1 lakh LTCG exemption is for a single individual in a financial year for all equity investments including equity mutual funds and stocks.

[@kedarlingswami6686]

If flats are taken against non agriculture plot by development of plot through builder.Then LCGT is applicable or how ?

[@amansachdeva5942]

As per Sec 54 exemption, property can not be transferred for 3 years otherwise exemption given earlier will be withdrawn. What if property is transferred as gift to son or daughter? Will exemption be withdrawn in this case also since Sec 47 defines transfer by way of gift is not considered as transfer and 56(2)(x) also exempts gifts. Please clarify

[@tanujain8603]

Very Informative

[@archanasaraf1280]

Very useful information. Please let us know how is previous 1 year calculated ? Previous financial year or actual date of purchase and sell

[@expertcasachin]

From date of sale

[@archanasaraf1280]

Your video really very practical, unlike others Agar purchase date Nov 22 and sale date Dec 23 hai to long term capital gain exemption milega ?

[@rekharani2009]

June2023, mai flat liya or ab sell kerna chathi hu Ab plot kharidana chatihi hui jo 20 lac ki h but capital gain 38 lac ka ,how can save tax pls guide

[@nirmalaarya3748]

Thankyou very much sir

[@expertcasachin]

Most welcome 🙏

[@dilipsinghrajput8740]

Very useful information

[@expertcasachin]

Thanks a lot

[@manmathnath20]

Sir, A house was purchased for four lacs only in 1996 & now in 2024, the same property is being sold for 26 lacs, now what will be capital gains keeping in mind prevailing cost of house at present ie 23lacs.

[@anjaleearora4742]

How is the money received for selling fitting and cost of improvements over a period of 2 years from date of sale taxed in the hands of seller of flat, when it's not part of sale deed, but documented in separate agreement and paid through RTGS in the bank of seller

[@YOGESHKUMAR-hz1ff]

Nice and practical information 👌

[@expertcasachin]

Thanks 🙏🏻

[@sambhat9222]

​@@expertcasachin house already h,usko renovation Mei capital gain tax ka Faida milega kya ?

[@expertcasachin]

Yes

[@ashikaenterprises7358]

Capital gain F.Y 22-23-8LACS New property purchase- not yet Advance given to builder-50 lacs in Feb 23 10 lacs in July 23 So can I claim the deduction under section 54.

[@deepakt9257]

Sir jo construction vaala case hai capital gain ke paise se 3 saal baad vo koi already koi doosra kharida hua Ghar le rakha hai uski reconstruction pe lagaana hai ya koi kharida hua plot hai bahut pehle jo 1 saal pehle yaa 2 saal baad ke under nai aata ....uspe bhi construction karva sakte hai khaali plot mein

[@narpatcharan4093]

Sir i was sale my house in the city (inside the municipal area) and again within time i was purchased house outside city on agricultural lend conversation of lend is due can i take benifit of sec54 of income tax act plz tell me

[@saurabhkshirsagar4851]

Very Informational

[@expertcasachin]

Glad you think so! Thanks 🙏

[@MukeshSoni-et7qr]

Good explain sir👌

[@ashishgarg5620]

2 questions- 1. If i have sold 1 house and have bought 1 house within 1 year before the sale then i can use this for capital gain exemption as per section 54. Given the condition of section 54 i cannot transfer the property for 3 year else the exemption will be withdrawn. Question is this 3 years will be counted from the date of acquisition of house or it will be considered from the date i have sold the second house. Q2: How do we calculate tax on house bought with capital gain income. Will this amount be adjusted from cost of acquisition of second house? or this amount is exempted permanently if i am able to hold the second house for 3 years from the date of acquisition.

[@SD-essd]

Jab hum koi under construction property buy karte hain iska possession toh kuch saal baad milta hai toh, possession k baad kitne saal baad sale karne se ye long term capital gain tax benefit le sakte hain?

[@ramamoorthysarangapani7258]

As per sec 54 we have option to have two flats out of capital gain.could u please tell me what items can be included in the construction cost like woodwork plumbing electrical work windows doors gril gate fans ac chimney car parking value cupboard LOFT cover modular kitchen EB charges including cost of meters.kindly advice.thanks

[@kuldeepmatharu5029]

I sold out two commercial property purchased 1993 and purchased a new and only one Resident property a lots of capital remains how to handle rest of the money ?

[@satishgupta2965]

Good

[@bharatnanavati7271]

Mutual funds sell se capital gains kaise bachaye. Please make video

[@expertcasachin]

Sure 👍

[@gauravmig]

Sir, I have purchased a new flat which is under construction and I will get it in 3 years but by agreement to sale is already registered in March 2022. My current house I want to sell only when I get possession of new flat. Will I get exemption or do I need to sell my old house within 1 year of registery of new house?

[@dineshkokirkar6891]

I'm looking for the same

[@PradeepKumar-ud4jv]

how to save capital gain after selling residential plot??????????

[@rahulsgharat]

Sir how capital gain is calculated on redevelopment property as my old home is demolished and reconstructed with additional area. And old home was under pagri system

[@maheshpalvadhera1782]

I m 83 bought dda plot in 1970 for rs 14800.built house for self in 1975. Now i want to sell. The indexed cost for 2022-23 is 331. s built/ owned house in delhi in 1975

[@expertcasachin]

Mahesh ji u need Valution as on 2001 contact us on 9319333248 we are Delhi based will do or visit office also

[@rahulsgharat]

Can we buy new property on loan first and then sell old home later then can we adjust capital gain?

[@prakashganjawala5100]

We will waiting for next video

[@singersheetalpendke513]

Brilliant

[@sanjeevrathour]

Sir, Is cost indexation benifit is allowed in short term capital gains by sale of house before 2 years.

[@vbalakrishnabalakrishna5477]

Fine👌 fine explain but fast muvi try to slow 100℅ ok sir

[@expertcasachin]

Sure ✔️

[@sapconsultant6386]

Sachin Ji, can the 54EC bond benefit be taken each financial year e.g. a property sold in March, 50Lac invested in March, and another 50Lac invested in April still within 6 months of sale to offset 1CR capital gain. It seems there are several court cases here where it was ruled favorably.

[@Amitaingh-zz8qc]

Means invest utna hi karna hai. Jo profit Hua hai. Full capital amount investment nhi hai...am I correct?

[@satyanarayanlaldas7396]

Whether I can get exemption under section 54f if a building is constructed on land of my spouse. 2.Whether I can get exemption under section 54f if part amount is invested for purchase of building.

[@expertcasachin]

Need discussion and paper dear for proper advice Contact on 9319333248

[@magiciangopal3042]

Verry nice sir ji

[@keshavprasadtiwari3295]

Whether father can invest capital gain of residential property in construction of floors of son' s residential house property ...

[@abhimanyurajaura4493]

I booked a flat in Sep’14 and paid via multiple EMIs within a duration of 2014-2021. I did not took a home loan as the builder was a known friend. The last EMI was paid in 2021 but now I would sell that flat in May’23. Please suggest which year should be considered as the base year to calculate the CII and LTCG ? Should it be 2014 or 2021 as the CII value for both years are different. Flat’s registery is not done and I’m reselling the property.

[@dilipwaghela9787]

Mera question please answer me, My old house is paghdi property since 30years,now developer redevelopment do because this whole bldg is now under c catagory so BMC immediately wants to demolished,now landlord has no money so he gives right to redevelopment to new developer, that developer is now developing this property as commercial ,,now unwilling ly i have to take what he is giving me alternative accommodation ownership based as per law of redevelopment, now whole bldg is commercial, before that only ground floor was Shop wala,we two floor was rental paghdi wala, now tell me in this situation there is no transaction, only greeting alternative accommodation free of cost ownership based,so in this case we have to pay tax or not?

[@abhina0101]

Sir, Please also make a KZbin video on investment u/s. 54EC. Has NHAI capital gain bonds stopped permanently? What are available?

[@expertcasachin]

Sure REC bond available

[@praj8091]

Sir, There is no video on youtube regarding selling many NA plots. Can please make a video regarding capital gain if agricultural land converted into NA plots? How to calculate time duration of 1-2 or 3 year to buy another residential house to claim section 54 if multiple plots selling/ registry date is different? e.g.All plots sold sold in 4 months time ( in two different FY).

[@aaryasawant4511]

I Gorak sawant navimumbai I have purchased room for Rs 2625000 and sold for Rs 3385000 purchased in year December 2016 and sold for the year November 2022 how much is the capital gain and how much I have to pay tax and capital gain help

[@lalityabansal7441]

Sir agar kisi property par loan le rakha h Vahi property sale kar di for repayment of home loan Phir exemption nahi milegi na

[@tarunkalra3924]

Thanks! 😄

[@SD-essd]

Can you please explain gift deed charges and process? Agar POA + will karde toh sahi hoga?

[@debaduttadash7509]

Sachin saab, is there a diff in selling property after a long time, like selling an Asset, after 20 years of purchase ? e.g. Let's say i had purchased a property @ 20 Lacs and did all work of around 5 Lacs in 2004. And i am selling off my property now, almost after 20 years. The sqft price was 1750/- in 2004, where as it's 20000/- + now in 2023 .. So if i am selling my Flat @ 1Cr, Will this appreacitaed value of the Property be calculated or Capital gain will be calculated on 75 Lacs ?

[@mananparikh4616]

Nice video

[@expertcasachin]

Thanks 🙏

[@shashirajput530]

Sir, hire n purchase basis par housing board ke flat ki valuation capital gain ke liye kaise karen.Transfer fee,ground rent aur property tax kya cost me add honge.pl.tell in detail.

[@expertcasachin]

Contact on 9319333248 will help

[@sanjeevgupta7602]

What is power of attorney?

[@vanshikakumari8520]

Awesome 👍👍👍👍👍👍

[@SukhbirSingh-el2ze]

Useful information Pse y batayai ki wife kai naam per commercial property hai kya usko sale ker kai residential property lai saktai hai hai to kya LTGF milaiga. Ya Commercial property hi lai saktai hai.

[@expertcasachin]

Yes 54F

[@sukhjinderdhaliwal376]

I have purchased a plot and constructed new house by taking home loan. Now we are selling our old house which is on my father s name constructed 20 yrs ago. Can we use this capital gain by selling old house to pay home loan which is on my own name.

[@rohit59715971]

Who is eligible to buy property in sec 54 capital gain exemtion if we sell ancestral property.

[@rohitgurjar5543]

I have purchased under construction flat in 2021 which got passesion in 2023 & sold out old flat in 2023 itself. Whether I can claim under section 54?

[@ManoharSingh-lq8po]

Great

[@hinduism108P]

Sir namaskar my ques.is Capital gain = 1cr Purchased plot = 35 lac 2 villas = 70 lac Acc.to law 2 residential property we purchased so that we can paid 20% tax on Plot purchased on 35 lac??

[@expertcasachin]

Yes but take proper advice with doc

[@antaryamikumar1379]

If a person booked an under construction property in Dec 2018 whose completion is scheduled in 2024 and in the meantime, he sells 02 plots to 02 persons in 2023, can he claim capital gain tax exemption for remaining payments for this property? As the booking was done more than 01 year back and secondly, sale of 02 plots are involved?