How calculate Capital Gain with Indexation | Improvement Cost कितनी ले सकते हैं | Gift Valuation |
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- Опубликовано: 11 сен 2024
- How calculate capital gain for old property, Gift Received, Improvement in cash etc
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Indexation chart
Financial Year Cost Inflation Index (CII)
2001-02 (Base year) 100
2002-03 105
2003-04 109
2004-05 113
2005-06 117
2006-07 122
2007-08 129
2008-09 137
2009-10 148
2010-11 167
2011-12 184
2012-13 200
2013-14 220
2014-15 240
2015-16 254
2016-17 264
2017-18 272
2018-19 280
2019-20 289
2020-21 301
2021-22 317
This was good video however almost all of this information is available from multiple other sources. Request if you can please cover the cost of aquisition in your next video when the property is bought in installments or the interest is paid. Multiple scenarios - 1. When the payments are made to government authority in installments with interest, 2. when the bank loan is taken for payment and interest is paid back to bank as part of EMI. Multiple judgements are available which suggest that this interest forms the part of cost of aquisition and indexation benefits available however nowhere the exact calculations are available.
Y
I purchased a land under registrar.
But I constructed the building in 1995 purely on cash payment gradually. What to do if I want to sell my house now and pay capital gain tax
Kindly make a video for such cases.
You always cover all relevant points related to the subject.
Well done.
Thank you for informing valuable points regarding capital gain .
Our pleasure!
Very good explanation Sir
Sir please abhi jo kanpur mein raid padi h uspr ek video banaiye ki agar hamare pass itna paisa ho to hum use kaise manage krein legal tarike se ki income tax kuch na kr paye
Very well explained
Date of agreement is known as date of purchase or date of final sale deed is known as final date
Very informative.. Me apni property sell krne se pehle apse jarur milne aaunga me bhi delhi se hi hu...
Sure 👍
9319333248 par time le Lena
Sir ji, also describe fully the calculations of ltcg in case of selling of property before created year 2000 and the way how the tax may save.
Please post a video on calculation of long term capital gains in case of buildings constructed under JOINT DEVELOPMENT AGREEMENT.
सर जमीन बेचने के बाद जो पैसे होते हैं वह अलग-अलग लोगों के अकाउंट में मंगा सकते हैं जिससे कि कम से कम दिखा सके पैसे इनकम टैक्स ko❤
No
Very Knowledgeable vdo Sir g...
Clearcut explanation. Keep it up !
Sir
Excellent speech.
Hindi ke alava other indian languages me apka vedios available hai tho bathayiye kyonki non Hindi wala apka speed speech ko follow nahi karpare. Please.
Very informative, thanks for sharing this video
My pleasure 😇
मैंने दिल्ली मे घर ख़रीदा जून 2004 मे 149000/- रजिस्ट्री का खर्चा 10 हजार ओर उसके रेनोवेशन पर 300000/- ओर उसके बाद 2018 एक फ्लोर बनाई उस पर 750000/- मै इसको feb 2023 मे 4950000/- मे बेच रहा हूं मेरा टैक्स कितना बनेगा
Thanks for information. Plz guide how we can calculate fair market value on 2001. Income tax wale help nahi kar rahe
Sachin sir mujhe ek jankari chahie Karib Mai pichle 7 saal se itr kar raha hun or meri itr har sal bard jati h jiska mai tax bhi deta hun
us condition mein Jo mere paas Jo jama amount hai uski bhi poochh tachh ho sakti hai ya nhi
Dusri baat cryptocurrency me saving account ya current a/c par Kitna withdrawal le sakte hain aur Kitna tax Dena hoga 🤔🤔🤔
Very very informative video, thank you
Very welcome 🙏🏻 thank
If a person sells land in FY 2022 for x amount more than collector rate then how do we calculate its cost of index and value for tax applicable. Should i calculate it by Collector rate of 2001. If collector rate of 2001 is not available then can we inverse the process like selling price * 100 / 331 for where selling price can be collector rate
Sir agar ghar sell kiya April 2021 mein but new Under construction ghar book kiya Feb 2021 mein air booking amount 15 Lacs diya, to kya yeh 15 Lac adjust kar sakte hain capital gain se jo april 2021 mein property sell karke bana tha ? ... Means agar capital gain 50 L hai to kya 15 L amount 50 L gain se minus karke bache 35 L ko capital gain amount mein daalenge ?
Thanks sir clearing the related doubt s
Thanks keep supporting and sharing videos
I have availed a Housing Loan with a Project Cost of Rs.8.29 Lakhs (excluding Cost of land at Rs.1.00 lakh) on 11.05.01 , which was disbursed in full by January'03 and repayment started by February'03. Can I take the Project Cost as improvement Cost?? Sanction letter copy is available but Other records not available.
Whether the Government Rate for the Property at the time of purchase, if higher than the Registered Sale Value; can be taken as Cost of acquisition??
cost of improvement expenses paid in cash. What else documents need to be kept in hand to handle notice if any
Mujey aapki hu jaroorat thi bhaisaab ,aap to bahut badia video bana rahey hai
Thanks dear keep supporting
मुझे financial year 2021-22 में LTCG 15 लाख हुआ है। यदि मैं ITR फ़ाइल करने से पहले होम construction करता हूं तो क्या मुझे CGAS खोलने की जरूरत पड़ेगी? मैं घर construction की value ITR में कैसे में दिखाऊँगा यदि मैं घर खुद से construction करवाता हूं।
does Teen shed construction to protect from rain water is considered as improvement cost?
Can you advise if capital gain tax is applicable in "RURAL AGRICULTURAL LAND" . Also kindly adv if pond adjacent to agricultural land is taxable if the pond water was used for agriculture purpose
Not applicable
🙏 sir ji ek baar block of assets k bare me bhi bata dijiye please 😚😚
What about if I am selling property now as inflation benifit is removed
How many times one can reinvest the LTCG from residential properties to buy new houses ?
Pl tell how to calculate improvement cost of the flat for selling after 15yrs.
We have to pay heavy amount for getting sanction as well as demolition charges.Are they eligible for exemption?
Sir, in case of ancestors agricultural property whose type is changed this year to commercial...which type of property is to be considered for 2001 valuation?
very very thank you sir....🙏🙏
Very helpful
nice information sir
Excellent video and very well explained Sir..if you could help me in resolving my query..
I got possession of my property in 2015 at cost of 20 lakh and registered the same property late in Sep 2022 by paying stamp duty of 20 lakh..
Based on indexation formula from 2015 to 2022, cost of property today is 27 lakh. I am planning to sell the same at 30 lakh..what will be the capital gain in this case..
Please help with the answer..
Regards
3 lac
Sir , fin year 2021 22 me mene Equity se LTCG paya hai , aur us amount se Residential plot buy kia hai nd paying EMI also , So u/s 54F mujhe Total LTCG Exemption milega ya nahi ?
Sir property sell karne per jo capltal gain income aygi to kya dusri property purchase karenge uski velue circle rate ke hisab se capital gain se mili income ke barabar honi chaiye
Circle rate se but take proper advice with paper contact on 9319333248
Hi Sir, suppose I have bought shares every month for 5 years...how will I calculate indexed cost of acquisition after 5 years when I sell those shares? What should be the base cost
Can we add repair cost of 30 years time to time
Sir agriculture land plot me sales ho rhi hai stock in hand me le sakte hai
Hello Sir/Madame,
We received sales proceed from residential property selling. Date of transfer was in Dec 2021. But we received final proceed in March 2022. So can we invest the calculated capital gain in 54EC Bond, now?
Excellant explanation ...but dear sir you did not cover the cost of improvement.. almost renovation n alteration and some other cost for improvement are being done from time to time n perhaps no one keep the receipt n pay in cash .. how can we include these cost of improvement please eloborate .. thanks
Valution by registered valuer
Sir can you make a video on flat as a gift , and how can we manage itr for this
From where we will get market value of property as on 1 april 2001. Any authentic source. Pl reply
Sir mere ko manpower and security services provider company Start krni ha toh properitorship ya pvt ltd kholu ?
I have purchased one plot of Rs. 200000 /- on 1999 through cash but I am very to say that I have no documents for purchasing of land after then I do built a residential house of above land in 2001 through bank loan of Rs. 450000/-. Now i decided the residential property sale out for Rs 4000000/- .
How the calculation of index value of the property . Please help me
Contact on 9319333248
I have capital gain of 43,04,779/- and have invested 47,81,190/- amt in Purchase of Resi house property but this amount includes 3,32,190/- of Stamp duty, Reg Fees, other charges , GST etc. So Plz let me know amount allowed U/S 54F is 47,81,190/- OR amt after deducting 3,32,190/-
Lovelly Sir. ❣️❣️
Sir, what is the roll of depreciation of property ( land & building) whether should be taken into consideration while calculating capital gain
Then calculation is totally different soon will upload video
Sir shares mutul fund debt fund ki intra day, such and ltcg tax calculation and itr me kaise show kare...video banaye plz....meharbani hogi...sir
Already uploaded on share
I guess you didn't cover d cost of improvement examples. It would be helpful if you cover some examples in next video. Also, major maintenance expenses e. g. Paint/polish once every few years, or replacement of water/waste water pipes, building maintenance etc. how they can be included in cost of maintenance. They are all essential and integral to cost of immovable property and benefits available.
yes
Sir already uploaded check playlist of property saving
Video thumbnail improvement cost se capital gain kese bachaye
Sir i have questions,my property are my &my sons name Frist name my son now last 10 year my sonia abroad,now,i want to sale my property . Now
1)How i save LTCG,
2) my son is in NRO status,what persent TDS applicable & how its save,
3) what taxes applicable for my son & how it save
4) can NRO/NRI Person invest in Govt bond & save LTCG Taxes ?
In this property both me &my son 50-50% investment share
Dear I need discussion and paper for proper advise contact on 9319333248
Case is complicated
Sir main sbi debit card se rent payment karta hoon apne dusre account main for rewards points abi tak 3 lac ka transaction hogya hai or main itr v file nahi karta hoon toh kya income tax ka notice aa sakta hain reply please sir
Thank you so much sir itna acche video ke liye..Maine kafi kuch Sikh giya hu..apka video Dekh kr.. specially for capital gain...sir apka koi whatapp num hai..jis me msg ya kl kr ke..doubt clear kr sakta hu. Mera pass inheritance property hai.jo ki me sell krna Chahta hu..Uske liye guidence chiye tha...♥️ From WB
9319333248 paid services
i have sale out a ancestral agriculture land Rs 44,41,666/- in the month of Dec-2022 & buyer deducted TDS Rs.44416/- . The land was purchased by my Father in 1980 . I will go to filled ITR to Refund back deducted TDS amount. WHich ITR form is applicable? It was refundable or not?. Kindly advice me.
First Valution and then itr contact on 9319333248 we will help for itr Valution and refund
Nice information
Thanks
Sir Maine Bihar ke gaon me jo municipality se 20km door hai waha ek jammen apne naam karai apne dada ji se, kyonki meri behan ki shaadi thi aur hum logo ke pass paise nahi the aur mere bank account me pre-approved home loan offer aaya hua tha) to home loan lene ke chakkar me gift deed na karake Maine purchase Karli paise show kar ke, aur sale deed me commercial land likha hua hai par waha barso se kheti hoti aa rahi hai aur abhi bhi kheti hi hoti hai, to kya mere dada ji ko capital gain tax dena hoga?
Dear I need documentation and discussion for proper advise contact near ca or us at 9319333248
Plot bikne k kitne dino k andar capital gain account khulwa lena chahiye ?
Capital account kese khole video main complete process hai
Hi sir agar nri property builder se emi pr lete hai cost of acquisition kis pr calculate hoga payment basis pr ya allotment date pr ?
Payment basis par
@@expertcasachinthank you so much sir for quick response
Also I have some questions
1.what is date of acquisition in this case?is it booking date , allotment date or possession date or actually purchase date ?
2.IF NRI PURCHASE PROPERTY 3BHK FROM DDA IN 2010 IN INSTALLAMENT BUT IN 2016 DDA HAS GIVEN OPTION TO TOPUP THE FLAT 4BHK AND HE TAKE THIS TOPUP PLAN And his actual registry value of property purchase is 45 lacs but he gave 62 lacs to DDA on what value we calculate cost of acquisition and what is date of cost of acquisition??
Hello sir mujhe aapse kuch puchna hai
Mere paytm payments bank hai isme maine total depsoit 4.9lakh or total withdrawl 4.9lakh hai or sb ye online transaction aya gaya hau only upi or bank transfer se baaki mere or personal bank hai per usme maine kuch ni kia hai or sir ye record 1 April 2021 se abhi December tk hai toh or isme mera income kuch ni hau bs mai frnd ki helo krne ke liye upi ata tha or aage bhejta tha
Toh sir mujhe koi income notice aayga toh ni na or itr krne ke jarurat hai mujhe bs ye iska baare ma bta dijiye
Bs mera income kuch ni hai or bank bhi maine Paytm payments bank ka use kra koi dikkat toh ni income tax se
Hi sir, agar hum plot laikar usay house banakar sale kartay hai us case mai ,cost of house kaisay nikalengy jabki house banay mai jo experience huye hai wo sab cash hua hai. Plz suggest.
Valution karwao
Is depreciation of the property applicable while valuation is done?
No
Cost of improvement kitna dikha sakte hai?
Aapko ph lga rhi hu property se related puchhne ko , per uth nhi rha h
I have capital gain of Rs. 2 lakh only on sale of ancestral landed properly. How to calculate tax implications.
I need discussion and paper for proper advice calculation sir contact on 9319333248
Sir home loan repayment kar sakte hai capital gain se
Yes but check karna hoga conditions so request you contact on 9318333248 or near ca to avoid any problems in future
Can sale proceed of the residential house be utilized to repay the house loan availed on purchase of new residential property and will it be eligible for LT capital gains benefits.
Yes but need to check conditions of section
So contact on 9319333248
Date of purchase which one is countable (Date of registration/ Transfer plot)
Depend on paper
If date on paper of transfer is 12/08/2015 and on Registration 07/07/2021 than which one is countable
Sir please clarify whether capital gain is applicable on lease hold property
Yes
Sir agar inherited property ki original cost ka pata hi na ho toh kaise LTCG calculate hoga?
I mean inherited property 3 generation se hai..
Cost ka pata hi nahi.
Use valuer
मैने सारा पेमेंट चेक से करके एग्रीमेंट रजिस्टर कराई दिसंबर 2011 में और Deed of sale रजिस्टर कराई है सितंबर 2014 में तो कैपिटल गेन किस डेट से नापी जायेगी मेरे फ्लैट को सेल करने में। कृपया बताए
2011 se if possession received in 2011
@@expertcasachin धन्यवाद।सर जी।
If cost of improvement is paid in cash and no supporting documents are there what would be effect on tax.expenditure were made in the year 1997.
Valution karwao
Contact on 9319333248
I understand that due to covind distress sales took place and variation between stamp duty value and actual value was allowed up to 20% for capital gain. Please guide
Yes but only specific case and conditions there
Like Proprty value and period
Like Proprty value and period
In case a Nazul(leasehold) land is obtained on lease from Government by our forefathers in 1930 and it gets freehold (registery made by government after getting NOC from all heirs) in my name in 2023 and i want to sell it in 2025. How will capital gain be applied in it ? pls explain
Also the cost of registry was paid in instalments in 2014 and finally in 2023
Contact on 9319333248 as I need discussion and paper for proper help
Index rate in case of flat wil be taken as on date of booking of flat or on payemt of purchase of flat
Payment date
Sir, I have purchased a plot for 4 lakh 10 yrs ago in 2012.but stamp paper value was 1 lakh in 2012. Now I want to sell for 12 lakh, but stamp paper value will be 2 lakh.. Capital gain tax how calculated
I need discussion with paper for proper advice so request you either contact near ca or me on 9319333248 expertcasachin@gmail.com
Share screen shot also of your query as you asked in comment box as above
Hello sir, i have a question regarding a property sale transaction, i am selling my later father's property. The land was registered in 1999 and the house was constructed in 2000 so how do i calculate the indexation value of house as we have no proof of the money spend on house construction? Please help me
Contact on 9319333248
How capital gain is calculated in collaboration?
Hi,
Nice video. What proof do i need to show as cost of improvement to get benefit of indexation?
Bill plus payment
Or valuer report
Is date of allotment letter of residential plot considered as date of purchase or date of possession letter ?
Allotment letter
But better to take proper advice with near ca or us at 9319333248 with doc
Mr. Sachin, sale agreement with builder done on 20.01.2016, Deed of conveyance on 18.07.2019. If I sale the property now, then which date will be taken for CII calculation??
2016
@@expertcasachin thank you, I pay the total agreement amount step by step as per payment schedule from 2016 to 2019. In that case CII calculation taken from 2016. Am I correct?? Please reply.
Sir,
I have sold a residential flat in the year 2022 with the long term capital gain of Rs 430000. My daughter is purchasing a flat in 2023.
If I help my daughter with Rs 430000 in payment for the purchase of her flat should I get exemption from LTCG tax?
Yes will get but avoid see my capital gain video
So avoid pls
Very helpful video sir. Just one question. We have a provision that there could be a difference of 10% between sale and circle rate value of property. I want to know that government is providing additional rebate in circle rate due to corona. So is this 10% on above of this discounted rate. For eg. Delhi government is providing rebate of 20% in circle rate. So can I take additional discount of 10%
Dear delhi Govt reduced the circle rate u need to Match 10% with reduced circle rate
Means 30% ka benefit
But circle rates ka 10% hi Lena as delhi gov reduced already 20%
@@expertcasachin Sir one last question, If for example circle rate of property through builder apartment in Gurgaon is 80 lakh, then do we need to pay stamp duty on 80 lakh minus 12% GST or fully on 80 lakh?
Total sale consideration par hoga includes gst
@@expertcasachin Okay but builder is saying ki 71 ka rate hoga flat ka plus 12% GST exclusive. So total value paregi 80 k around. Pr we need to pay stamp duty on 71 lakh only. Is this correct?
No issue kar sakte ho 10% tak allowed hai
Improvement on construction of house then converting into flats is eligible? Can we have two flats out of capital gain?
Yes but one time in life
Thanks
Sir mera ye question h ki mene (wealth club 9) khela tha or usme mene 110000 ka recharge kr liya tha or ab tk 120000 la withdrawal kiya h or muzhe 50000 ka loss bhi hua h.
To sir muzhe kitne amount pr tax pay krna hoga or kitne %tax.
No tax
To sir ITR file krne ki jaroorat h ya nhi?? And thanku sir for replying 🙏
No
Can my mother do repayment of housing loan (taken jointly by my wife and me and flat got registered in current f.y) by her capital gain amount ( this f. Y)to save some long term capital gain tax apart from buying bonds of 50 lac… please suggest
Thanks 🙏🏻
I need doc verification and discussion for this contact on 9319333248
Sir, plot sale पर LTCG होने पर , indexation benifit मिलता है क्या
Yes
@ExpertCASachin sir I have a query
My age is 60 i converted my ancestral rural agricultural land to NA plots And sold all plots in 2 months my Na plots also comes in rural area now i give some money to my sons for buying property and lefted money I want to use for retirement i taked all money in my savings account by cheque and rtgs
So I need to pay tax or not ?
Please help me sir
I need discussion with doc so contact on 9319333248
पिछले saल् financial year 2019-20(assesment year 2020-2021)
Me 64177/- 7th pay ka instalment milanatha lekin mila नही. Uska tax hamne (school ne) bhara क्या यह refund मिलेगा?
Yes refund milega
1 लाख का खरीदा हुआ घर 30 साल बाद 10 लाख रुपए में बेचने पर long term capital gain tax का नोटिस हमें कब मिलता है? या tax देने के लिए नोटिस मिलता भी है या नहीं(यदि मकान मालिक I.T.R नहीं भरता हो)?
3 to 5 year tak jab becha
Sir, मकान बिकने के बाद मकान मालिक की मृत्यु भी हो चुकी है ।
our amount of sale is just 10 lakhs, and house owner has died after selling her house, she never filed ITR but she has pan card, should we ignore or what are the chances that we may get notice in future for LTCG TAX?
Exam k liye indexation number ko kaise yaad kre
Sir property sale in 18lac to ITR ME MENTION KARNI HOGI OTHER THAN RESIDENTIAL
Yes
V helful sir..can u name a registered valuer in kolkata..? My market value of my house 🏡 is 45,00,000 but I sold it at 36,50,000. 20 percent difference...will it be granted I heard 20 percent variation is acceptable..
Date of sale ??
Sir, if the property is purchased in 1996, payment made and possession in 1996 but registry is done in 2004, then indexation will be from 1996 or 2004.
1996
But request you take advice with doc as matter is sensitive
contact on 9319333248
Or drop ur query with your phone no on expertcasachin@gmail.com
I will contact you
With screen shot of ur query as u mentioned in comment box
Namaste Sir. I wish to know whether an xtra amount in my capital gain account can be returned back to the same buyer of my house
No
First you will close the account then return to buyer
And pls call me only sachin 😊🙏🏻
I liked the video, but I could not find link for income tax registered property valuer for getting the cost of improvement evaluation done, as I do not have the receipts for the home improvement cost.
Please provide link or number of income tax registered property valuer.
Thanks 🙏
Contact on 9319333248
There is no link
@@expertcasachin Hi Sachin - how to get Index rate for property purchased in 1995? As base year has now shifted to 2001? Kindly guide !
U need Valution as on 2001 then use index
@@expertcasachin can i use the old CII with 1980 as base year to compute indexed value for 2001, and then use that as per latest CII index?
@@expertcasachin Thanks Sachin.... can I drop you an email plz? Do you know of any valuation expert in Kolkata?