💁🏼 cagurujiclasses.com 📞 Call at 9150010400 (only for courses) ________________________________________________ Read More: taxupdates.cagurujiclasses.com/selling-your-property-after-23-july-2024-understand-new-capital-gain-tax-on-property-transactions-budget-2024/ Changes in Income Tax in Budget 2024: ruclips.net/video/5vfS2y9KTCg/видео.html Capital Gain New Rates in Budget 2024: ruclips.net/video/uMWzqLw0b1w/видео.html Changes in GST in Budget 2024: ruclips.net/video/zGeL6uyrzlY/видео.html New Income Tax Slab Rate in Budget 2024: ruclips.net/video/T0lpJke0Huc/видео.html
5% gst, 8% registry, 12.5% selling gain tax, per year 9 to 10% % bank interest.....sawaal udhta he hum log apne liye kama rahe he ya gov and bank ke liye.....facility by gov👉 Nill...pay for sweeper yourself pay for garden park by yourself
We bought 2 BHK in Faridabad, in 2012 at 25 Lac as of now the rate we are getting for selling is 42 Lacs. Which is near to CII indexation. Hence, there was no tax on selling before budget. But now there will be 2.12 Lac tax after bedget. Thats out of the blue. We paid abt 8 lacs on loan interest, and abt 3 lac for parking, registration and for other amenities of society.
I agree with your explanation but Why dont you consider realistic values, after 13 year property value goes normally 3 times that is 300% not 50%. So in real life old regime with index is only beneficial for investors...
Really well explained in a very lucid manner. You should also explain an example like if x bought a house for 60 lac in 2011-12 and sells it for 2.10 cr and out which he buys a new house for 1.5o cr on 24.7.2024 what would be his tax liability on capital gains.
Hi Pooja, Can I use capital gain (from the sale of old property) for the registry of new property? And thanks for the great explanation, its very easy to understand. 🙏
Madam, could you please provide your guidance related to reinvestment of capital gains in bonds. How does it work and what is the process of buying the bonds and redeeming it. If you can showcase this through another video then your followers will be beneficial. Thanks.
Capital gains tax के लिए Purchase cost and sale cost circal rate पर लगेगा या मार्केट रेट पर लगता है ( actual purchase and actual sale cost) पर लगता है।
Maan - when property acquired in previous - what all cost it includes like base price / gst / interest payment to bank / registration cost / court fees etc
Great presentation How this will be calculated Purchased flat rs 3 lakhs in 1995 and selling now say 31 July 2024 at Rs 45 lakhs Pls make video on this cases
Sir property ka bainama aur dakhil kharij nhi hui hai only 1 aggreement hai father(expired )ke naam, house tax mata ji ke naam hai, mata ji ghr se bhga rhi hai, bachcho ko lekar kha jau mai? Presaan hu, kya mata ji bhga skti hai?
Very informative video. But I have 2 doubts 1. I have sold my property on 19 july 2024, can i opt for new regime 12.5% ???? Or it is only applicable for property sold after 23 july 2024. 2. Depending on 1st question answer . can i file my yearly tax in old regime with my LTCG in new regime (12.5%)????
I inherited property in 2008, and plan to sell now , which was purchased by father in 1969. Which rule of capital gain tax will apply here? I mean if new rule of 12.5% and no indexation or old rule of indexation for 2001 value and 12.5%.
Mam I watched your video regarding tax on property. But I can't calculate tax so please help me to calculate it. I had purchased a flat at Rs. 375000 in September 2003 in Pune and sold it at 2800000 on 31 August 2024. How much tax I have to pay?
No benefit Every time you are in loss. Its just if profit is higher then loss is minimal. If profit is low then losses are high From last 10 years no property has grown from 10 lac to 2 cr type.
They should not have removed indexation...that's big loss to owners if they don't sale property after 10 years of purchase. If any property sold before 10 years then 12.5% rate still benefits.
अगर सोसायटी रिडेव्हलपमेंट करती है तो प्राॅपर्टी की व्हॅल्यू बढती है तो कॅपिटल गेन टॅक्स देना पड सकता है क्या? इस व्यवहार मे सोसायटी कि जमिन बिल्डर को दीजाती है
Madam please take the following example for flat: 1. Purchase value: Rs 71,91,000 2. Dt of purchase: 30th April 2019 3. Selling value: Rs 2,85,50000 Dt of selling: 25th June 2024 Calculation with the old system 1. Sale value: 2,85,50,000 2. Purchase value: 71,92,000 3. Indexed value: 1,12, 00000 4. Capital gain: 1,73,50,000 5. Applicable tax @20%: 34,70,000 Calculation with the new Tax system @12.5% 1. Sale value: 2,85,50,000 2. Purchase value: 71,92,000 3. Capital gain 2,13,58,000 Applicable tax@12.5%: 26,69,750 Difference:3470000-2669750= Approx Rs 8 lakhs As the effective date is 24th July 2024, We can not go with the new system just for one month difference we are in loss of Rs 8 Lakhs on capital gain tax. Madam, is it possible that we can opt for new system as it's falling in the same financial year
Madam, please give one example for the property purchased in 1975. Another clarification required is in 54EC bonds, do we need to invest equivalent to the Gain or Tax applicable on the Gain? I am not from the financial background so please clarify.
Sir, I have one query- I have declared my EPF contribution(employee) as investment in FY 24 and later I have withdrawl the employee PF amount. Will income tax caught it during my ITR assessment?
Properties upto rs 4 cr m 1:58 arket rates must be tax free.above 4 cr must be taxed at 50 percent of market rates. Above rs 4 cr r black marketers,loan defaulters,politicians
LTCG Tax से भी ज्यादा तकलीफ होने वाली है CG reinvestment पे !! पहले indexed cost के बाद बचा हुआ profit ही reinvest करना पडता था cg tax बचाने को !! अब बगैर indexation वाला पूरा प्रोफीट reinvest करना पडेगा !! मे अगर पैसे की जरूरत के कारण पुराना प्रॉपर्टी बेचके, indexed प्रोफीट इन्वेस्ट करके, बाकी रकम का अन्य उपयोग करना चाहता हुं, तो अब वैसा नहीं कर पाउंगा 😢
सोने ड्युटी होती ...... मग प्रोपरटी इंडेकटेशन बजेट पूर्वी ग्राह्य होत त्या हिशेबाने आता पासून कोणाला 20% ओलड टॅक्स द्यायचा आहे आणि कोणाला न्यू 12.5 % टॅक्स प्रोपरटी टॅक्स द्यायचा असेल तर मुभा मिळावी .
Your way of teaching is very very good I think you should be a teacher so that all students can update their knowledge very easily. Your way of taking is very sweet.
जिसको प्रॉपर्टी बेचके कम फायदा होगा उसको ज्यादा नुकसान होगा। जो लोग सिर पर कर्जा होने के कारण अपना घर बेच देते है, उन्हें सबसे ज्यादा टैक्स देना पड़ेगा। वाह मोदीजी वाह। अब गरीब आदमी अपना घर भी नही बेच सकेगा।
5 saal tak dono tax regime se choose kar sakte ho. Old and new dono. जब भी tum कर्ज mein apna ghar bechna tab dono tax option rahenge tumhare pass 5 saal tak. Pappu ke chamche
mam mene 2 july ko property bechi hai mujhe 12.5% se fayda hai to kya mein use kar skta ya ye sirf 23 july ke baad walon ke liye hi applicable hai???? Pls mamm reply
Mam jo indexation hai vo khatam ho gaya hai na only agar meine property 2001 se pehle purchase kari hai usi par mujhe indexation ka fayda hoga. Aur 2001 ke baad jo property purchase kari hai us par mujhe 12.5 % ka tax dena hai bas
When we sell plot of land,purchased before the year 2000,in income tax capital gain is calculated taking the circle rate of that plot for the year 2001 and multiplying it with index price for the year of sale divided by 100 to get acquisition cost. Then the indexed acquisition cost will be deducted from fair sell value of the property to find out capital gain. Now question arises, where shall I get the actual circle rate of the plot for the year 2001? Is there any government approved table of circle rate yearwise, wherfrom I can get the actual circle rate of that particular plot for the year 2001? Please help me.
I have purchased the property on 31st December 2021 @ RS 3000000 by taking a bank loan for the whole amount. Now the property costs rupees 80 lakh. I have paid 10 lakh rupees as interest. What will be the long term capital gain tax.
I am from West Bengal. My grandmother bought some property in 1967 for ₹10,000. The current value of the property is around ₹60 lakh. If I want to sell the property, how much tax would I need to pay?
bro from inheritance when you get any property in your name lets suppose you get the property in your name in 2021 then you have to calculate Long term capital gain from only from 2021 to 2024(current year) not from when your grand mother purchase the lnd that is 1967. lets break it down. lets suppose you get the property in your name in 2021 and then its value was 55lakhs. now from 2021 to 2024 its value is 60lakhs. so your gain is only 5 lakhs so calculate tax at 12% to 5 lakh only
Madam Please advise, I did the agreement of sale on 20th July and received 20% payment only till 22nd July and the buyer paid 100% TDS on 22nd July. Registry happen today with balance 80% payment, can I take indexation benefit. thanks
What will happen if I sell the residential property and purchase new residential property what will happen. Had I to pay tax on capital gain or not. Cosider both sale and purchase are done with in one to two months.of same financial year.
💁🏼 cagurujiclasses.com
📞 Call at 9150010400 (only for courses)
________________________________________________
Read More: taxupdates.cagurujiclasses.com/selling-your-property-after-23-july-2024-understand-new-capital-gain-tax-on-property-transactions-budget-2024/
Changes in Income Tax in Budget 2024: ruclips.net/video/5vfS2y9KTCg/видео.html
Capital Gain New Rates in Budget 2024: ruclips.net/video/uMWzqLw0b1w/видео.html
Changes in GST in Budget 2024: ruclips.net/video/zGeL6uyrzlY/видео.html
New Income Tax Slab Rate in Budget 2024: ruclips.net/video/T0lpJke0Huc/видео.html
Madam, Excellent explanation .
Thanks madam it's completely clear
Respected Madan
Explained very nicely.
Very good information madam Jai ho madam🙏
Superb explanation
Precise and informative.Thanks
5% gst, 8% registry, 12.5% selling gain tax, per year 9 to 10% % bank interest.....sawaal udhta he hum log apne liye kama rahe he ya gov and bank ke liye.....facility by gov👉 Nill...pay for sweeper yourself pay for garden park by yourself
Madam,
In budget this year ,
What are LTCG exemption available under section 54 (sale of commercial shop)
Transaction/registration after July 2024.
Zabardast
THANK U MAM
FROM PORT BLAIR, A & N ISLANDS
Best explanation mam.. ❤
Mam
Apke Samjhane ka tarika bahut achha hain Specially ye jo aap article banate hain bahut help milti hain
Mam to bahut badiya hai
Well explained Mam, thank you.
We bought 2 BHK in Faridabad, in 2012 at 25 Lac as of now the rate we are getting for selling is 42 Lacs. Which is near to CII indexation. Hence, there was no tax on selling before budget. But now there will be 2.12 Lac tax after bedget. Thats out of the blue. We paid abt 8 lacs on loan interest, and abt 3 lac for parking, registration and for other amenities of society.
I agree with your explanation but Why dont you consider realistic values, after 13 year property value goes normally 3 times that is 300% not 50%. So in real life old regime with index is only beneficial for investors...
We request FM to reverde it..
Really well explained in a very lucid manner. You should also explain an example like if x bought a house for 60 lac in 2011-12 and sells it for 2.10 cr and out which he buys a new house for 1.5o cr on 24.7.2024 what would be his tax liability on capital gains.
@@anusuyakumardas8448 no tax liability.
Hi Pooja, Can I use capital gain (from the sale of old property) for the registry of new property?
And thanks for the great explanation, its very easy to understand. 🙏
Madam, could you please provide your guidance related to reinvestment of capital gains in bonds. How does it work and what is the process of buying the bonds and redeeming it. If you can showcase this through another video then your followers will be beneficial. Thanks.
Capital gains tax के लिए Purchase cost and sale cost circal rate पर लगेगा या मार्केट रेट पर लगता है ( actual purchase and actual sale cost) पर लगता है।
A Big thanks 🙏👍
Maan - when property acquired in previous - what all cost it includes like base price / gst / interest payment to bank / registration cost / court fees etc
Please give example of sale of property purchased before 2001
ruclips.net/video/KLdV7O3Q2vQ/видео.html
Please give example with consider Cost of improvement and it's indexation?
We strongly object such high tax. It will rueduce our buyinpower to get better, bugger flat..
Respected Madam
Mutual funds stcg on equity, in which case applied slab rate.
Real estate hasn't grown 10x in the past 20 years in vast majority of the areas in urban India...
I request You all try to talk about long term capital gain tax on house property sale in parliament .which is useful to all.
Great presentation
How this will be calculated
Purchased flat rs 3 lakhs in 1995 and selling now say 31 July 2024 at Rs 45 lakhs
Pls make video on this cases
Ok
Sir property ka bainama aur dakhil kharij nhi hui hai only 1 aggreement hai father(expired )ke naam, house tax mata ji ke naam hai, mata ji ghr se bhga rhi hai, bachcho ko lekar kha jau mai? Presaan hu, kya mata ji bhga skti hai?
Very informative video.
But I have 2 doubts
1. I have sold my property on 19 july 2024, can i opt for new regime 12.5% ???? Or it is only applicable for property sold after 23 july 2024.
2. Depending on 1st question answer . can i file my yearly tax in old regime with my LTCG in new regime (12.5%)????
Mam , can I invest the capital gain amount under section 54 for renovating my another house.
Mam I had a property purched on 1965 @20000rs which I sold in this yer after 23rd July @45lakhs,।tnow what will be ltcg??how much should I pay as it??
What about property purchased in 1994-95 ? If sold now, whether the seller would be a gainer or lower?
You'll be getting the benefit of indexation for that.... But if bought after 1. 4. 2001, then indexation gone
ruclips.net/video/KLdV7O3Q2vQ/видео.html
Give an example of property purchased before 2001.
What is the rate of cg if indexation is allowed.
Is it 12.5 or 20 percent
Good information
I inherited property in 2008, and plan to sell now , which was purchased by father in 1969. Which rule of capital gain tax will apply here? I mean if new rule of 12.5% and no indexation or old rule of indexation for 2001 value and 12.5%.
Nice vedio
please take index before 2001 and show how to calculate capital gain tax in present scenirio
ruclips.net/video/KLdV7O3Q2vQ/видео.html
Property purchased in 1960 for rs1000. Now selling for rs20lakhs. What would be the tax assessment
Mam 2001 se pahle ki property ko abhi sale karne par cii ka benefits milega. But tax rate 12.5 ya 20 % lagegi
Surcharge & cess also to be explained!!!!
Very Nice
Which brand smart board do you use?
Mam meine 13 June 2024 ko ghar sell Kiya to muje indextion benefit milega na?
Total consideration invested in property will get benefits under section 54
Thanks
Market Value consideration applicability if property purchased on 1985
ruclips.net/video/KLdV7O3Q2vQ/видео.html
Thanks madam ji
Is indexation available for properties before 2000?
I have sold residential property on 20 jun 2024. Will i get indexation benifit
Properties below rs 4 cr market rates must be tax exempt. Higher than 4 cr must be taxed at 50 percent of market rates
Does the circle rate of property also consider the cost of inflation index if so then why indexation eliminated..
I purchased a plot in2014 & make construction then what will be the cost of property
Mam, sale of mutual funds, share, capital gains mei kitna income par tax lagega???
Is Principal Home exempted from Capital Gain Tax?
Mam I watched your video regarding tax on property. But I can't calculate tax so please help me to calculate it.
I had purchased a flat at Rs. 375000 in September 2003 in Pune and sold it at 2800000 on 31 August 2024. How much tax I have to pay?
मैडम जी मैने march 2024 plot बेचा 262500 का मुझे आईटीआर में बताना होगा, किस सेक्शन में दिखाना होगा। Krishna Devi , किरप्या जवाब जरूर देना जी
Mam if property buying before 2000 than what indexation rate
No benefit
Every time you are in loss.
Its just if profit is higher then loss is minimal.
If profit is low then losses are high
From last 10 years no property has grown from 10 lac to 2 cr type.
Give example for properties acquired before 2001
Yes, that is missing in this video.
Yes it should be added
ruclips.net/video/KLdV7O3Q2vQ/видео.html
ruclips.net/video/KLdV7O3Q2vQ/видео.html
ruclips.net/video/KLdV7O3Q2vQ/видео.html
They should not have removed indexation...that's big loss to owners if they don't sale property after 10 years of purchase. If any property sold before 10 years then 12.5% rate still benefits.
Business loss settoff ho sakte hai property gain se?
अगर सोसायटी रिडेव्हलपमेंट करती है तो प्राॅपर्टी की व्हॅल्यू बढती है तो कॅपिटल गेन टॅक्स देना पड सकता है क्या?
इस व्यवहार मे सोसायटी कि जमिन बिल्डर को दीजाती है
Madam please take the following example for flat:
1. Purchase value: Rs 71,91,000
2. Dt of purchase: 30th April 2019
3. Selling value: Rs 2,85,50000
Dt of selling: 25th June 2024
Calculation with the old system
1. Sale value: 2,85,50,000
2. Purchase value: 71,92,000
3. Indexed value: 1,12, 00000
4. Capital gain: 1,73,50,000
5. Applicable tax @20%: 34,70,000
Calculation with the new Tax system @12.5%
1. Sale value: 2,85,50,000
2. Purchase value: 71,92,000
3. Capital gain 2,13,58,000
Applicable tax@12.5%: 26,69,750
Difference:3470000-2669750= Approx Rs 8 lakhs
As the effective date is 24th July 2024, We can not go with the new system just for one month difference we are in loss of Rs 8 Lakhs on capital gain tax.
Madam, is it possible that we can opt for new system as it's falling in the same financial year
Mam my father purchased a property rs. 15000 on 1981 and now sale it rs. 28 lacs on may 2024. How much ltcg tax for it.
From where.we got index table,Pl guide me
How to arrive at purchase price of house purchased before 2001
Madam, please give one example for the property purchased in 1975.
Another clarification required is in 54EC bonds, do we need to invest equivalent to the Gain or Tax applicable on the Gain? I am not from the financial background so please clarify.
ruclips.net/video/KLdV7O3Q2vQ/видео.html
Sir, I have one query-
I have declared my EPF contribution(employee) as investment in FY 24 and later I have withdrawl the employee PF amount.
Will income tax caught it during my ITR assessment?
So can we switch between the old and new if its beneficial in future or even now ???
Whether LTCG exemption benefit on purchase of new property can be taken twice by an individual tax payer u/s 54 & 54F respectively.
i have inherited property which was bought in 1976 for rs 17500 from the govt. how it will be taxed if i sell it now
Properties upto rs 4 cr m 1:58 arket rates must be tax free.above 4 cr must be taxed at 50 percent of market rates. Above rs 4 cr r black marketers,loan defaulters,politicians
Madam.i sold on 23 nov2023.n0w after budget how i to pay ltcg .old rate or new rate please explain.thanks.
❤❤❤❤❤goodvideomedam❤❤❤❤❤❤
LTCG Tax से भी ज्यादा तकलीफ होने वाली है CG reinvestment पे !! पहले indexed cost के बाद बचा हुआ profit ही reinvest करना पडता था cg tax बचाने को !! अब बगैर indexation वाला पूरा प्रोफीट reinvest करना पडेगा !! मे अगर पैसे की जरूरत के कारण पुराना प्रॉपर्टी बेचके, indexed प्रोफीट इन्वेस्ट करके, बाकी रकम का अन्य उपयोग करना चाहता हुं, तो अब वैसा नहीं कर पाउंगा 😢
Kya sabhi state m laagu hoga
If property is sold in April 2024, then old taxation will be applicable ?
सोने ड्युटी होती ...... मग प्रोपरटी इंडेकटेशन बजेट पूर्वी ग्राह्य होत त्या हिशेबाने आता पासून कोणाला 20% ओलड टॅक्स द्यायचा आहे आणि कोणाला न्यू 12.5 % टॅक्स प्रोपरटी टॅक्स द्यायचा असेल तर मुभा मिळावी .
Your way of teaching is very very good I think you should be a teacher so that all students can update their knowledge very easily. Your way of taking is very sweet.
Thanks 🙏
Mam,Jo property old hai aur kabi purchase nahi ki matlab ki purani hai purkho ki hai ,uski purchase value kaise lete hai
Apko valuation krani hogi and 2001 ki value nikalvani pdegi. Fir apko normal indexation benefit miljayga
जिसको प्रॉपर्टी बेचके कम फायदा होगा उसको ज्यादा नुकसान होगा।
जो लोग सिर पर कर्जा होने के कारण अपना घर बेच देते है, उन्हें सबसे ज्यादा टैक्स देना पड़ेगा।
वाह मोदीजी वाह।
अब गरीब आदमी अपना घर भी नही बेच सकेगा।
5 saal tak dono tax regime se choose kar sakte ho. Old and new dono. जब भी tum कर्ज mein apna ghar bechna tab dono tax option rahenge tumhare pass 5 saal tak. Pappu ke chamche
Mam section 54 kya ak video dijiaga nha
lekin mam agar cost of improvement h to kya hoga
mam mene 2 july ko property bechi hai mujhe 12.5% se fayda hai to kya mein use kar skta ya ye sirf 23 july ke baad walon ke liye hi applicable hai????
Pls mamm reply
Kya flat bechne pe bhi 12.5 tax aur indexation lagega ???
yes, thats also property
@@CAGuruJi thank you 🙏
sec54Ec bond me 50Lac tak investment kar sakte he
Please make a video on DTAA
Mam jo indexation hai vo khatam ho gaya hai na only agar meine property 2001 se pehle purchase kari hai usi par mujhe indexation ka fayda hoga. Aur 2001 ke baad jo property purchase kari hai us par mujhe 12.5 % ka tax dena hai bas
Are these both options available after 23rd July?
When we sell plot of land,purchased before the year 2000,in income tax capital gain is calculated taking the circle rate of that plot for the year 2001 and multiplying it with index price for the year of sale divided by 100 to get acquisition cost. Then the indexed acquisition cost will be deducted from fair sell value of the property to find out capital gain. Now question arises, where shall I get the actual circle rate of the plot for the year 2001? Is there any government approved table of circle rate yearwise, wherfrom I can get the actual circle rate of that particular plot for the year 2001? Please help me.
ruclips.net/video/KLdV7O3Q2vQ/видео.html
I have purchased the property on 31st December 2021 @ RS 3000000 by taking a bank loan for the whole amount. Now the property costs rupees 80 lakh. I have paid 10 lakh rupees as interest. What will be the long term capital gain tax.
Have u sold it ?
No, I wish to sell and the customer is ready to purchase it in 80 lakh
I am from West Bengal. My grandmother bought some property in 1967 for ₹10,000. The current value of the property is around ₹60 lakh. If I want to sell the property, how much tax would I need to pay?
Registry hai bhi?
Under old rules it would be 270000 tax
And under new rules it would be 96000
You have to pay tax of. Rs 7,45,712 /- only
bro from inheritance when you get any property in your name lets suppose you get the property in your name in 2021 then you have to calculate Long term capital gain from only from 2021 to 2024(current year) not from when your grand mother purchase the lnd that is 1967. lets break it down. lets suppose you get the property in your name in 2021 and then its value was 55lakhs. now from 2021 to 2024 its value is 60lakhs. so your gain is only 5 lakhs so calculate tax at 12% to 5 lakh only
@@mrdevil8973 but on what basis you have calculated the value of the property at 55 lakhs in the year 2021, please shown me the calculation,
Mam ager 1999 me 500000 me li property toh aaj 50000000 me bechi toh muje toh jadha tax dena hoga
Madam Please advise, I did the agreement of sale on 20th July and received 20% payment only till 22nd July and the buyer paid 100% TDS on 22nd July. Registry happen today with balance 80% payment, can I take indexation benefit. thanks
Madam ruel agriculture land sell korle kiya tax katega plz reply madam
Section 54’s still same na?
What will happen if I sell the residential property and purchase new residential property what will happen. Had I to pay tax on capital gain or not. Cosider both sale and purchase are done with in one to two months.of same financial year.
No change in reinvestment rules so no tax has to be paid if you invest the exact amount of capital gains in the same fiscal year.