Capital Gains Tax on Property - Section 54, 54EC, 54F of Income Tax Act

[@AssetYogi]

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]

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

[@Chalochalchalein]

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]

54ec and 54f clearly smjh nhi Aya sir

[@ariesha2012]

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

[@srimanm1373]

@@ariesha2012 no investment no tax.

[@neel_r_j]

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]

Glad I could help!

[@rajagopalankrishnamachari5194]

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

[@hitendraloh6287]

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

[@chandrashekhargaikwad6357]

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

[@chandrashekhargaikwad6357]

नाई बांडमे पैसा निवेश करते है जॉइंट अकाउंट चलता है क्या

[@chandrashekhargaikwad6357]

क्या सभी बांड मेनोमिनेशन फॅसिलिटी है

[@v.karthikraju5616]

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]

I

[@siddharthbajpai6132]

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]

Tax.nhi sarkari loot

[@aloksrivastava2470]

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?

[@samirsharma6312]

Super clarity. Thanks a lot Yogi ji

[@AssetYogi]

Thanks Samir

[@mukulkumar-nu9sn]

Very informative guidelines video by Tax expert Mukul

[@AssetYogi]

Thanks for liking

[@rajendermakhijani9271]

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!

[@slalitha4959]

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

[@AssetYogi]

You are most welcome

[@aniruddhdesai7520]

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

[@AssetYogi]

Thanks Aniruddh 😊

[@purushottambodhe624]

Detailed information about Capital Gain ! Superb!!

[@AssetYogi]

Keep learning

[@TalesByYogi]

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

[@dilipjaisingh4485]

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

[@vikrantparab231]

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.

[@j.i.pateld.e.e.2222]

Great video for clearing doubts about capital gain income.

[@mangeshhagawane3214]

Thanks for detailed explanation. Pls make some video on tax aspect of the capital gains on Rural agriculture land sale.( Ancestral property)

[@AssetYogi]

No tax on Rural land sale

[@sajugeorge6729]

Quite innovative and educative. Excellent presentation Saju George.

[@chittaranjankabi6126]

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

[@tanashokful]

Good

[@gopalakrishnaalamuri9718]

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

[@AssetYogi]

Hope it's helpful 😊

[@FinTaxPro]

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

[@dilippedlikar1478]

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

[@vishwanathkolage9720]

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

[@AssetYogi]

Keep watching

[@rohithdevatha4199]

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

[@rameshkulkarni]

Very informative, lucid, clear presentation. Excellent.

[@AssetYogi]

Glad it helped!

[@RajendraPrasad-ux6mu]

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

[@jojoshooter]

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

[@charishashyamsukha6501]

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

[@mauriceandrade8483]

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

[@sonali4026g]

@@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]

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

[@digambarnandeshwar8125]

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

[@AssetYogi]

Keep learning 😊

[@rameshorator2623]

Fantastic vedeo sirji complete information on capital gain tax and exemption.

[@siddhant021167]

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 "

[@roeydaz]

Very nicely and systematically explained! Thank you.

[@AssetYogi]

I hope this will be useful Rohit Das :)

[@bhupendrapratapsingh2721]

बहुत अच्छे से समझाया आपने सर जी

[@AssetYogi]

Thanks Bhupendra

[@gopaldasbisani]

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

[@AssetYogi]

Thanks Gopaldas

[@gopaldasbisani]

Any latest changes by Govt

[@mohammedfaisalfz]

Sir Your way of explaining is superb, awesome.

[@AssetYogi]

Thanks

[@yogendrachowdhary5236]

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.

[@gnmurthy1954]

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?

[@laxmikantlavania5950]

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.

[@silvinremedios7347]

Sir, You are a GENIUS. Such a Beautiful explanation

[@yogitakhanna3964]

Commendable work by u sir, ur way of teaching is so simple and effective 👍😇🙏

[@AssetYogi]

Thanks a ton

[@kamleshraval7569]

Very nice and totally immense help to people.

[@AssetYogi]

Thanks Kamlesh

[@ashuetrx]

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?

[@manishad3147]

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.

[@RajeshVerma-mp8qk]

Excellent sir ...most useful information with simplest language

[@AssetYogi]

Thanks and welcome

[@bsarya6555]

Explain section 54 perfactly 👌👌

[@AssetYogi]

Thanks

[@ravindergrover9985]

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

[@karmandeepsingh319]

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?

[@77sathsath54]

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]

Long term

[@rupeshmore7294]

Good

[@VijayRajput-jk6tb]

Very good topic Pl explain if some one buy a plot and build up house by loan from bank then how capital gain will be calculated.

[@shantilal007]

Thanks for sharing the information with much details. I had a query as to by when we need to open a Captial gains account with bank to reinvest in the House propertyfrom SEc 54F

[@Lazy-AI]

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]

yes but construction should be completed in 3 years

[@ashoksarang2358]

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

[@patilumeshg]

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?

[@arafatwarsi2273]

Bot badeya samjhate ho yarr....v good

[@drkrishnajinimboria1804]

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

[@satishmidha7161]

Very nice way of explaining the process. Thanks

[@AssetYogi]

You are most welcome

[@vipinpant7801]

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

[@virendranathsingh4905]

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]

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

[@sachinupadhya9136]

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]

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

[@geethankokane6056]

Excellently explained. Thank you Sir

[@AssetYogi]

Most welcome.

[@kamalbardia8203]

Very nicely explained by. I shall invest my sales proceed into 54F. Mainly in MF and equities Thanks to you Jay Hind

[@satishagarwal9758]

You explain the matter in your each video nicely.

[@PranayPatelSkotGat]

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

[@jugalpatel5744]

Why not.

[@jagdishkhanna2744]

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..]

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

[@syedakmal9222]

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

[@gokulhl2281]

Thank you. Very much helpful. CA/Auditors did not explain so well. Great job sir.

[@AssetYogi]

You are welcome

[@ivneetsingh4395]

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]

Pl v

[@chetantade41]

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

[@arunp3955]

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]

I hv same questions plz help me

[@cadetrajnareshbattlecrybis132]

Superb presentation with utmost clarity. 🌻🌻

[@AssetYogi]

Thanks a lot

[@manindermann8164]

Suggestions - thanks for making the best financial info video make a video with a property sale example one commercial land bought for one lakh in the year 1970 (50 yrs) sold for Rs 1.5 crore in 2022. best investment options to save taxes

[@Mlpatel-gc1up]

👍Thanks

[@AssetYogi]

Welcome

[@mohis6972]

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

[@sonali4026g]

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]

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

[@manishadeshmukh5525]

@@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]

@@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]

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

[@sarojbolar1708]

What if my husband gifts me the property.. Am housewife.. Will I hv to pay tax as per my husband tax slab?

[@bipin675]

Any Gift Received from relative is exempt from tax .Since Husband is cover under Definition of Relative

[@secretscipio]

@@bipin675 but, she'll have to pay tax on selling regardless.

[@WELKIN2007]

very good content for senior citizens

[@satyaprakashpandey8002]

बहुत बहुत धन्यवाद सर इस महत्वपूर्ण जानकारी के लिए।

[@AssetYogi]

Keep watching Satya

[@8989406762]

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]

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

[@ushakiransingh5965]

पुराना फ़्लैट बेचना है लेकिन वह guidline से बहुत कम में बिक रहा है तो ऐसे में क्या करना चाहिए।रजिस्ट्री ज़्यादा की होगी लेकिन वास्तविक मूल्य उतना नहीं मिल रहा है क्योंकि मल्टी 22 साल पुरानी है।

[@dsyadav3008]

Suppose i sell a flat which i was holding for the last seven years and then i purchase a shop with in a month from that money. Whether i will be entitled to get tax benefit on capital gain.if entitled for tax benefit under which section. D.yadav

[@akshayjawa5988]

No not at all bcz u sold a flat and in return u purchase a shop(non residential property hai thts why)

[@japanijuta]

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?

[@safikurrehman-t2q]

बहुत अच्छी जानकारी दी गई महोदय द्वारा।

[@AssetYogi]

Thankyou

[@rajendra4813]

If mother sold flat n that payment gifted to his son as a gift . Shall she pay capital gain..

[@shyamthakkar5151]

Yes

[@nathulalsharma9403]

Mere pas do makan hai ek ३०sal poorana aur doosara karib २० sal poorana hai,dono makan bahut poorane hone se girne jaise hain ab mai ek bech kar doosara hits kar naya banana chahata hun,main ek dr citizen hun aur mere pas ek bhi makan repair karana ke liye paise nahin hain agar ek makan bech kar doosara nayabanaun to capital gain tax lagega? Aapke javab ka intajar rahega,bahut bahut dhanysvad

[@sonali4026g]

Yes your mother will have to pay tax,irrespective of whether she gifts it to her son or no However the son will not be taxable for the gift, since gift from mother is exempt u/s 56(2) So it is better to buy another house property to claim exemption u/s 54 in your mother's name

[@sonali4026g]

@@nathulalsharma9403 Agar aap ek makaan bechke, ek naya makaan ka construction complete karenge, wo makaan bechne ke 3 saal me, toh aapko capital gain exempt ho jayega section 54 me. Lekin aapko naya makaan banwaana padega, repairs kiya toh nahi chalega Iska matlab puraana bechke Naya 2 saal me khareedo, Ya naya 3 saal me banwaao Aapki marzi

[@ankusharma3323]

@@sonali4026g kya main India se apni mother's named property bechkar, foreign me property ley sakta hu?

[@pratyushsinha2511]

government toh bus tax lene ke liye hi hai..

[@abishekgupta1610]

Toh roads , govt schools , salaries kese denge vo?

[@pratyushsinha2511]

​ @abishek gupta sahi baat hai, NHAI wali road mein acha kaam toh hua hai, per aap MP ke ek road ka vdo viral hua , usse jarur dekhe. Bihar mein city ke road ka picture aap ko bhej deta hu mail address dedijiya. UP and Bihar mein City mein jo pani bharta hai wo kisi nadi ke badh ka pani nahi hai, sewerage line ka problem . Ab toh iss baat ko 25 saal se Upar hogaya. Government school ki baat toh na hi kare, kuch school ko chamka ke , ussi ka baar baar prachar hum saalo se dekh rahe hai. Salaries kuch toh kaam karte hai to salary pana sahi hai, per bohot toh kaam pe aaram wale babu hai, unko free ki salary.

[@prakashnahata6195]

@@abishekgupta1610 Awe

[@jessntroy14]

@@abishekgupta1610 wrong. Ambani adani ko denge aur khud ka advertisement kaise hoga🥳🥳

[@infinitepossibilities2614]

Madarchod government hai

[@rstiwari5875]

सेक्सन 54 के अंतर्गत अगर हमने म्युनिसिपल प्रापर्टी बेचकर ग्राम पंचायत के अंदर हाउस प्रापर्टी खरीदी तो छूट मिलेगी कि नहीं।

[@salamshaik6924]

Very well explained. Very clear voice

[@chandrakantpashine2204]

आपने बहुत ही अच्छी तरह हमें अपनी बातें समझाई है,इसके लिए आपको बहुत बहुत धन्यवाद, क्या अगर कोई और जानकारी या शंका हो आपसे इसके बारे में मै कैसे और किस माध्यम से सम्पर्क कर सकता हूँ,कृपया बतलाने की कृपा करें ।

[@kanhaiyapandey2492]

If I sold a property and another property is purchased in my son nàme then I will get this facility

[@akash5740]

Sir can I talk to you?......If you can give me a little time of your precious time, I will be thankful to you 🙏

[@minaljoshi4175]

Kindly share bond name and there locking period pls

[@dineshgupta-qt3jo]

Sir , investment into startup companies give a exception on capital gains, can you please throw some light on it, [e-mail]

[@akshaydamke6237]

Thanks for explaining. but you did not explain about Indexation Benefit fir LTCG.

[@neetarotkar5253]

Thanks. The video is really helpful. Can you share a video on the calculation of capital gain for a house property bought in 1980s?

[@s.ndixit1586]

बहुत ही शानदार प्रस्तुति है ।लाजवाब ।बहुत बहुत धन्यवाद और आभार किया है ।आप धन्य हैं ।

[@vsab786]

Thanks for the highly informative video. I was surprised to see the "once in lifetime" remark. If I had sold property earlier & availed exemption 5 years ago & now selling a property with LTCG, does it mean I can't avail exemption again?

[@pravinnayak1306]

Nice video, need to understand taxation if my retired dad wants to sell his property now, which was bought in 1990. How will be indexation calculated and any benefit by making in joint name of my mother

[@nraghupathinaidu9277]

Very well explained..& excellent... Sir, I have purchased property in the yr. Sept.1987 at 3.5 lakes and I want to sell it now at 80 lakes..what will be my capital gains. .as per indexation formula..

[@aqeelqureshi786]

Very nicely explained in simple language. Thank you.

[@AssetYogi]

Hope it's helpful 😊

[@ganeshmane8953]

Very nice and cleared point to point information 👍👍

[@AssetYogi]

Thanks Ganesh 😊

[@eanjanrao]

Your explanation is very very informative

[@zamanhussain7027]

After watching your video got this concept clear that this section does not apply to commercial property.

[@AssetYogi]

Thanks a lot

[@rajendravibhute6568]

Yogi ji very important points discussed in the video thanks for to the point explanation, thanks & regards

[@AssetYogi]

Thanks Rajendra

[@harishkukreja5797]

Dear Sir , While you have explained very nicely in simple terms but I still hv the following few questions if you can clarify: 1. Can I sell 2 or more properties in any FY and buy the same number of properties ie 1 for 1 means 2 or more and get Capital Gains exemptions for each such property as standalone case 2. Can I buy the new property against the sale of old properties by adding additional joint holder/s by keeping the original holders name/s in the dame order in new property as well. 3. Can I keep the sale proceeds of sold property in SB A/c for any minimum period 4. Can we claim the indexation benefit of housing loan interest amount paid during different years Can u pl clarify the above points

[@AshokKumar-vf7ve]

बहुत अच्छा विश्लेषण किया है।

[@tapashchakraborty4256]

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

[@577917]

Very clear detailed information but please edit the video for NRIs Ancetor property sale ...how it will be treated in Indian Tax bracket..bcaz NRIs do not pay tax until they invest thier money in Financial Instrument Like ULIPs ..What's the method of setting Tax bracket ..still holding the position of NRI.

[@iqmicro]

Very well explained.your narration is good.tks