Section 54F Exemption | How To Save Tax on Capital Gain ?

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About Video
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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[@KamalAggarwal-vs8cp]

Highly informative elaborated demo

[@CAVikasSharma]

Thank you

[@moglie123]

Your new subscriber.. Very informative video 😊😊😊

[@CAVikasSharma]

Thanks and welcome

[@ASen03060]

I am a 70 years old senior citizen.I have purchased 6 decimals of land in the year 1990 by Rs.45,000.Now I want sell the plot for typical financial crisis. The customer will pay me hardly 5 lakhs.But the circle rate of the plot is now 25 lakhs. Nobody wants to pay more than 5 lakhs for that plot. I am agreed to sale for Rs.5 lakhs. But if I sell it at 5 lakhs, the full amount I will have to pay as capital gain tax. How can I sell the plot so that the money I can use for my personal use? Please give your kind suggestion.

[@ASen03060]

I am 70 years old senior citizen. I have purchased a residential plot of 6 decimals in 1990 by Rs.45,000. Now the circle value of that plot is Rs.25 lakhs. I want to transfer the land to my only son,aged 25 years,who has no income, through a gift deed. Now I want to know if I or my son will be liable to pay any income-tax for the transfer of that land by gift deed? Please give me a reply.

[@YUVRAJ_SAKSHI]

No , you won't be liable to pay tax becoz you are transferring your property in will (inheritance). And your Son also won't be liable to pay tax but if he further transfers that property to any 3rd person then he will be liable to pay tax . After considering many provision of Income tax Act I am consulting you. Thank you 💕

[@technicalsupport7076]

Sir if Nifty 50 index fund direct growth plan me paisa lagaya toh LTCG tax of 10% on return of rs 1 lakh+ in a financial year yeh paisa bhi refund ho sakta hain agar hum itr me har saal apna earning 5 lakh se kam ho toh ..... kyaa yeh possible hain ..... other wise PPF me paise lagne chaiyeh jaha gain me tax nahi lagta but lock in period 15 years ka hain.... so please reply if i can refund back 10% tax against of 1lqkh+ amount if my itr show my yearly earning below 5lakh... please reply... ??

[@MrSikuma]

Can I partly invest sale proceeds of plot 90 lakhs in house property 40 lakhs and the left over amount of in 54ec bonds Or Can I invest CG 70 lakh partly in house property and the remaining in 54ec bonds

[@KamalAggarwal-vs8cp]

Excellent demo sir thnx

[@CAVikasSharma]

Thank you

[@sanjeevgupta8672]

Sir Share se yadi Long term capital gain hota hai to use section 54 F se income tax me adjust kr skte hai ,property invest se.pura Long term capital gain isse adjust ho jata hai. Kya isi prakar Short Term capital gain ko bhi kisi section me adjust kr skte hai kya , jisase pura short term gain bhi asjust ho jave

[@kprao52]

Pl advise whether we can invest capital gain amount and claim under sec 54F for improvement of existing house.

[@taranggupta5819]

Very informative, thanks Sir! I have 2 questions - 1. If a person has sold a residential plot and also shares (both long term assets) can one buy one residential property to claim tax exemptions under section 54f on both? 2. If someone has LTCG on 10 share scrips, can he claim 54f exemption on ltcg of 2 selected scrips. And pay tax on rest? Thanks,

[@CAVikasSharma]

Answer to your question 1. Yes 2. Yes

[@jagdishprasadnema2652]

How to utilise whole amount from sale of plot because TDS is already deducted by purchaser and deposited in income tax.How to fill form for proportinate exemption as in itr 2 site their is no provision

[@rodeopriya]

Very informative video. Just to re confirm. I have a house property which is letout. Can i get section 54F exemption on CGains attained by selling MF units & stocks for purchasing another house for self occupation in other area? Please answer.

[@AjaySinghjat]

By selling commercial property Can i purchase residental plot and construct house with in 3 year

[@TarunAgrawal-u7n]

If property purchase on 1990. Then cost of acquisition on 2001 is SDV or FMV which ever is lower . Or we take FMV on 2001 plz suggest

[@CAVikasSharma]

@@TarunAgrawal-u7n fmv or cost which ever is higher

[@nikhilgupta1003]

Hello Sir first of all thanks for the detailed video! I have a small doubt I will be taking a residential property this year(lets say by Oct 2024). Let's say i have 30Lakh Equity investment with present value as 45 lakh. If I book this profit now, where do i need to keep this money? Can I sell the equity now, and keep this under my Demat account? or do i first need to open a long term capital gain account and move the money there right after selling the equity?? Please guide. Thanks in advance

[@sundara.p.9891]

With reference to your this video I would like to know whether I will get full exemption in case I sell all shares. I.e ltcg exemption I will get or not. Then this money should I invest in flat or can I use for my day today purpose

[@kamalmall9830]

Great vikash ji

[@CAVikasSharma]

Thank You

[@sanjeevgupta8672]

Salary taxble income 08 Lacc hai , v Short Term capital Gain Rs 60000 jo shares se huaa hai , is short term 60000 ki chhut kisi section me invest krne se milegi kya , kya yanha 54 F applicable hoga.

[@venkateshpasunuri6973]

If we would like to purchase residential property upto the date of filing of IT return, can we directly purchase the residential property? Or we need to deposit in CGAS account through which we need to make the payment?

[@sorcerer89]

Are Debt Mutual Funds bought after today's budget also eligible for section 54F deduction.

[@user-gp9gx7cb5j]

Very helpful, Thanks!

[@CAVikasSharma]

Thank you

[@Bitter.truth07]

I have done registration of my flat this year 2024 may.. But booking amt and registration charges given in 2022 , and my loan also started in 2022 ... Am I applicable to avail the 54F by selling mutual fund....

[@rahulsgharat]

My case is currently i own one flat and I and my wife both invest in mutual fund seperately. After 5 years can i sell my current flat and buy new flat using old flat sale value + amount recieved from sale of mutual fund, can we both claim long term capital gain exemption as we both will be co owner, 54 + 54 f

[@sanjeevgupta8672]

Sir Stock shares se short term capital gain huaa hai , kya ise 54F ke anusar invest kr skte hai kya , income tax rebate ke liye . 54 F only for Long term ya Long v short term dono ke liye hai . Thanks

[@anilshrivastava6742]

मैं Section 54F के अन्तर्गत अपने पत्नी या बच्चों के नाम पर Registerd मकान/फ्लेट पर भी LTCG का Exemption ले सकता हूँ क्या?

[@RETROX6580]

I bought a plot in installments from 25.10.2021 to 25.07.2023 and registration of this plot done on 21.09 2023. This plot buy by me through selling of mutual fund .and in this time frame I have LTCG in FY 2022-23 and 2023-24. Respected sir please inform can I claim deduction under section 54 F for LTCG for both FY. And in both FY LTCG comes below value of plot.

[@vijaysawant2157]

i have sold my commercial property which was in my name only, and on this premises i have taken depriciation , then what will be tax liability

[@devendrakumarjain6989]

Pl make video over agriculture field selling

[@CAVikasSharma]

Soon

[@rahuljain3114]

Amount remain unutilised in CGAS. which amount will get taxable on the expiry of 3 years? Unutilised amount or deduction taken under 54 F at time of sale of original asset

[@CAVikasSharma]

unutilized

[@burma371]

Sir mein NRI status mein hoon aor mujhay NRO and share income per capital gain ki maloomat chahiyay. Please next video us per banayein.

[@RETROX6580]

I buy first residential plots after sale of my mutual funds. But this plot I bought in installments ..and all the mutual fund sell karke hi installament m buy Kiya h. Or sir ji mutual fund ki sale ke bad last FY m bhi LTCG hua or this FY m bhi hua h. Iski instalment maine 25.1.2021 se 25 07. 2023 tak di h. Or mera LTCG plot ki cost se niche hi h. Kya m iska deduction 54F m 2 year le sakta hu. Please inform

[@aneeshnarayanan]

The sale amount of my capital gain , am planning to construct house with in 2 year..when ir which year I shall claim the benefit of 54f in income tax filing..is it after the house constrcution or on the year of the sale of property??

[@yuvarajc7846]

Sir lam invest capital gian invest2900000/ I am open plot resident sales 20 /2/22 ang iam invest capital hin 30 l7/ 22 so lam purchas now Fla

[@cliffordlily]

If I sell my plot bought 24+ months back and also sell my second home held for 24+ months and use the funds to buy a plot immediately and start constructing a house, can I 1) claim the tax benefits under Section 54F and 2) Can I do it without opening a Capital Gains account with bank, as I would need to spend the money immediately.

[@CAVikasSharma]

Answer of both questions are yes

[@AmeyKadam1]

I have purchased a under construction property in Aug2021 and possession is in 2024 dec. I have sold my existing house in jan'24 and investing the full amount in the new flat can i get benifits under section 54f

[@i.dsharma5189]

I SOLD A RESIDENTIAL PLOT IN WHICH CAPITAL GAIN IS 50 LAC.IWANT TO REINVEST IN RESIDENTIAL FLAT IN THE NAME OF MY SON OR JOINTLY WITH MY SON.WOULD I GET TAX BENEFIT U/S 54,54F,54EC,WHICH EVER IS APPLICABLE???

[@technicalsupport7076]

Sir if Nifty 50 index fund direct growth plan me paisa lagaya toh LTCG tax of 10% on return of rs 1 lakh+ in a financial year yeh paisa bhi refund ho sakta hain agar hum itr me har saal apna earning 5 lakh se kam ho toh ..... kyaa yeh possible hain ..... other wise PPF me paise lagne chaiyeh jaha gain me tax nahi lagta but lock in period 15 years ka hain.... so please reply if i can refund back 10% tax against of 1lqkh+ amount if my itr show my yearly earning below 5lakh... please reply... ??

[@cardless_]

Sir what are ur charges for guiding tax saving techniques after residential house sale

[@CAVikasSharma]

already replied on Whatsapp

[@kethaniyer5554]

U should have covered 54F section related to Mutual fund!!! Felt bit disappointed...:(

[@CAVikasSharma]

It's covered

[@aloksaxena6906]

If i get some capital gain from equity continuously 3 yrs, can i take benifits of sec 54f continuously 3 yrs in a same residential house construction

[@CAVikasSharma]

@@aloksaxena6906 yes. Subject to other conditions satisfied

[@lovekeshkakkar]

Sir. i have purchased a flat and sold the equity after 11 month of purchasing the flat to gain LTCG, can I use sec54f to save tax on ltcg here?

[@avirupghosh5615]

Applicable to residential plot also? In that case what will happen for 1+2 years? Same rule?

[@CAVikasSharma]

Yes

[@piyushluthra1988]

Sir, if someone owns two residential house (one exclusively , while the other jointly with relatives) as at the date of transfer - will he be eligible for benefit of section 54F if sale proceeds are invested in residential property ??

[@CAVikasSharma]

No

[@subratapaul759]

i am paying EMI on my under construction apartment. Now I will be earning capital gains on sale of inherited land. Does my EMI qualify capital gains tax arising due to the sale of the inherited land ??

[@CAVikasSharma]

No

[@gopalpoonia5633]

सर में आवासीय प्लॉट बेच रहा हूं तो उसको सेक्सन 54 EC में आएगा या सेक्सन 54 F में आएगा

[@peptalks365]

can selling US shares LTCG be claimed under section 54f

[@CAVikasSharma]

No

[@rameshmathur4562]

If I invest the proceed of long-term capital gain on shares in first floor construction of my own house . Wheather I am eligible for exemption under section 54. Please guide.

[@CAVikasSharma]

No

[@MukeshSoni-et7qr]

Sir 60 lc ka sale consideration he 40 ka plot liya phir 20 me construction half hi ho sake tab bhi full deduction milega 54f me ?

[@CAVikasSharma]

yes

[@animeshpandey6822]

Will cost of improvement (interior) and stamp duty paid also be considered along with cost of purchasing flat ?

[@CAVikasSharma]

No

[@RajeshSingh-rh3zd]

Sirjee mai ek property sale kia hai, jisme party 87 lakh ka payment white me, Isko mai kaise use kar pounga...please advise.....

[@CAVikasSharma]

Need more details to answer this

[@user-zs8io2gn4r]

For under construction flat Builder asks payment in instalments. Instalments paid in more than one Financial years. Similarly if I sell Shares in different financial years, can the sale considerations are utilised to pay instalments and avail exemption under Section 54F in more than one Assessment Years?

[@CAVikasSharma]

Yes

[@user-zs8io2gn4r]

Thanks

[@ashishkhandelwal5783]

@@CAVikasSharma Hi Vikas g! We can claim in 3 assessment years as we sell shares in 3 different assesement years : 1 year before purchase, and 1 year each after purchase?

[@CAVikasSharma]

@@ashishkhandelwal5783 please elaborate it more

[@ashishkhandelwal5783]

@@CAVikasSharma Sir, e g under construction property taken in Dec 2023, some payment done through equity mutual fund in Feb 2024. Next payment has to go in Dec 2024, so equity mutual fund will be sold in Nov 2024, last payment has to go in Dec 2025, so equity mutual fund will be sold in Nov 2025. So, LTCG for these 3 sales of mutual funds can be shown in 3 respective AY?

[@desiman289]

mutual fund or etf gain exempted hai kya?

[@user-zv2ox9pl8l]

Thanks for the very informative video. I hv a query. Agst LTCG if i purchase a flat within 2 yrs after selling shares. But i couldnot make registry within 2yrs due to builder dues with Authority. In such case, my CG benefit will be reversed?

[@CAVikasSharma]

Have you received possession? If possession is received then no need to pay tax

[@user-zv2ox9pl8l]

Thanks for d quick response. What I understood is within two years you should have possession of flat. Registry of flat is not required within 2 yrs.

[@CAVikasSharma]

​@@user-zv2ox9pl8lcorrect

[@user-zv2ox9pl8l]

Thanks

[@vinodrajora2905]

Sir, if i invest long term capital gain in share market for a one year then sell shares and buy a home within the time limit of two year, then can i clame the tax benitfit.

[@CAVikasSharma]

yes

[@anjaneyulugundavarapu6108]

Thank you sir for your Vedeo with full clarity ON 54f 👌👍🙏🙏

[@rashugupta8656]

Sir mene mutual fund me pesa lgaya tha 3 saal l lye.. Iss saal june me maturity hai.. To 43 lakh ka profit ho ra hai... To agr me ye LTCG ko same mutual fund ki unit me reinveat kr du to mera tax bach jayega?? Ar agr nahi to kese tax save kr skte ispe?

[@CAVikasSharma]

No. To get benefit you need to comply section 54F

[@RushikeshMehta-wi1hq]

I am 89yrs oldand can i get wxamtion fully

[@chandradeepakdange7722]

Can I get capital gain exemption if I sold residential plot and construction carried out on my wife plot residential house.

[@CAVikasSharma]

As per law not, but maybe some court's judgement allows this

[@chandradeepakdange7722]

Which income tax returns file software is best

[@CAVikasSharma]

Govt Utility is best

[@ratanaramprajapat6975]

Can plot be resale after 3 years and again avail benefit u/s54F?

[@CAVikasSharma]

yes

[@100kadam7]

Sir maine 15 jan 2024 ko plot sell kiya h aur two plot buy kiya h aur house banna h ab kya kiya ja sakta h

[@CAVikasSharma]

Open CGAS account and construction complete in 3 years

[@100kadam7]

@@CAVikasSharma sir meri mother ne plot sell kiya h aur meri wife k naam plot h usme house construction kar sakte h kya please reply sir

[@CAVikasSharma]

@@100kadam7 no

[@hskvlogs9305]

is crypto gain exempted under section 54f? plz reply

[@CAVikasSharma]

no

[@vineetunny6719]

Hi sir,

[@vineetunny6719]

I have purchased property two year from builder it is still under construction and would be delivered in next one year. I have just sold my other house in April, I am suppose to make 14 lac for under construction house. Can I adjust that payment against capital gain.

[@aloksaxena6906]

If I construct house my self, who will give completion certificate

[@CAVikasSharma]

In that case CC is not required

[@foryousum]

Sir, mene share sale kiye he, kya me uske samne open land purchase krke exemption le skte he?

[@CAVikasSharma]

@@foryousum no

[@foryousum]

Or mere pass already 3 residential house he. To kya me or residential house purchase kr skti hu? Rebate ke liye​@@CAVikasSharma

[@mohussain4607]

Sir can I claim for new construction for a shop

[@CAVikasSharma]

No

[@rsiddique1584]

I am subscribed your channal plz make a video balance sheet and profit and loss finalization in cae company or other than company plz

[@CAVikasSharma]

its in course available in RDV Classes App

[@RajAgarwal-gt8fe]

Can i use my capital gain from mutual fund to use then in investing house and how much capital gain can be utilised and how much benefit can i get???

[@CAVikasSharma]

You need to invest entire sale consideration

[@RajAgarwal-gt8fe]

@@CAVikasSharma total amount of house which I am.going toh purchase I'd 55 lakh and total amount I received from Matual fund Is 25 lakh (invested amount + gains) now how much can I get claim

[@CAVikasSharma]

@@RajAgarwal-gt8fe in this case if you invest 25 lakh then you will get full exemption

[@SumitSharma-ix2fo]

crypto gains?

[@CAVikasSharma]

Crypto is not a capital asset hence it will not be covered in 54F

[@SingaporeBuilds]

Shuru ke 3 mins kya faaltu baat kari. Get to the point!! Non sense

[@CAVikasSharma]

Noted

[@CAVikasSharma]

Please elaborate what is non sense in first 3 minutes?

[@user-zv2ox9pl8l]

Ignore such ideots

[@XlD_32_PriyanshuAgarwal]

the capital gain from matual funds then can i claim tax benefits ? pls answer

[@CAVikasSharma]

Yes