Capital Gain on Sale of Land & Building with Excel Computation ft
HTML-код
- Опубликовано: 13 июн 2022
- 👨🏻🎓Enhance and upgrade your practical skills with our practical courses-
👉🏻ITR, GST & TDS (Combo Course) - fintaxpro.in/Combo
👉🏻Account Finalization - fintaxpro.in/Accounting
👉🏻Trademark e Filing Course - fintaxpro.in/TM
👉🏻Taxation for Share Market - fintaxpro.in/share
👉🏻GST Course - fintaxpro.in/GST
👉🏻ITR & TDS Course - fintaxpro.in/ITR
👉🏻Excel Course - fintaxpro.in/Excel
👉🏻Taxation for Online Sellers - fintaxpro.in/online
📞For course query please call @ 8368741773
Services we offer
👉GST Registration, Returns & Compliance
👉ITR Return, Compliance & Notices
👉Company/ LLP Incorporation
👉ROC Compliance
👉Buy Class 3 DSC - imjo.in/tFcdAZ
👉Trademark Registration - imjo.in/yZaxJ2
👉Trademark Reply
👉Auditing & Compliance
👉IEC Code
👉Payroll Compliance
👉ISO Certification
👉Project Reporting
👉Financial Modeling
📞For services please call @ 9718097735
FinTaxPro Website - fintaxpro.in/
FinTaxPro Mobile App - bit.ly/33lLehP
FinTaxPro Social Handles- linktr.ee/fintaxpro
For collaboration & sponsorship write us at info@fintaxpro.in
Cheers Folks
Thanks for Watching :)
Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of RUclips videos.
Download Notes - bit.ly/3zBJtur
Download Excel - bit.ly/3NQCHWa (Please download the excel and use. DON'T ASK FOR EDIT PERMISSION)
©️Fintaxpro Advisory LLP
Shoutout to channel Members. Join our channel to get the shout out bit.ly/2KYVfrw
Khwaja Ahmad - / @khwajaahmad3955
Shekhar More - / @shekharmore4627
ajay kola - / @ajaykola799
R Singh - / @rsingh-xz8jd
Vijay Bhalerao - / @vijaybhalerao4910
TARIQUE AZIZ - / @tariqueaziz4366
chirag patel - / @chiragpatel-jm7jv
Akansha Jadhav - / @akanshadj24
property capital gain,
property capital gains tax,
property capital gain itr filing,
investment property capital gains tax,
capital gain on sale of house property,
rental property sale capital gains,
capital gain on gifted property,
capital gain on rental property sale,
capital gain tax on rental property,
capital gain tax on commercial property,
property capital gain home sale,
property capital gain house,
capital gain on sale of house property section 54,
capital gain on property sale india,
capital gain on property sale,
property capital gain loss,
property capital gain loss tax
Itne acche se simplify kr k smjhaya h. Really very very appreciable. isko kehte h smjhana. Thanks alot!!!!! ❤❤❤
Bahut sundar dhang se samjhane ke liye dhanyavaad 🙏🙏
Explained very clearly one. CAn understand very easily ...thanks dear
Superb man.. I appreciate ur hard work. normal people like me who do not have complex income.. can easily file ITR 2 with shares/debt/house CG
Thanks
सर आपने ltcg बहुत सिम्पल तरीकेसे समजाया
थँक यू 👌👌👌
Sir, very easy and nicely explain ..
Excellent information, thanks
Very well explained thanks sir ji
Very much information as given by you sir, thankyou sir
Very nice explaination 👍
Thank you so much sir 👍🏼
Very nice explanationn very good many many thanks sir...kl das
Excellent video ,Brijesh Sawant Goa.
For joint seller with 50% share each what will be taken for Purchase value and value of acquisition. Whether 50% of Purchase value and 50% value of acquisition to be considered for filling its 2. Moreover what should be the date of acquisition of an under construction property where possession was given after 8 years from date of agreement.
Expecting a reply from you. Thank you.
Thank you ...
Suprab Explain Sir, Thanks Sir
1st of all Thank you sir 🙏
Sir mai 2017 me bcom complete Kiya
Us time index tha 1081
Aur isko 1981 ka 100 value man kar calculate karte the
Nice explanation sir
Sir,
For computation of LTCG under section-54,arise by sale of resid.flat.
Which purchase value to consider as purchase cost for indexation.
1) circle rate/market value for Stamp duty purpose
2) Actual sale deed value (as per sale agreement)
Note:what if sale agreement value is less than market value/value for stamp duty.
What to consider.
Sir we have claim exemption earlier under 54f but now 2 years lapse .So as per provision it will be get taxable during the year . So which date shall be consider as sale date and what will be the procedure of capital gain under similar scenario ? Will same process will be followed.And we have kept amount in capital gain account scheme so what will be the procedure to remove the amount from scheme
Excellent sir
Thank you so much for your valuable guidance on LTCG and tax filing. One question, if we have done any repairs but don't have bills, shall we show cost of improvement. Please suggest.
Please guide... will Sale of plot of residential plot of Land will come under Section 54 or 54F for Capital Gain tax benefit if I have no other property? As residential plot is not a residential house so under which section we have to take the Capital gain benefit 54 or 54F?
Tqq sir
Excellent bro. Only thing is that you were a bit fast - (secondly your conversation in hindi) was slightly at jet speed. Anyway, I could get to the crux of the issue. I dont need a CA now. (In lighter vein). God Bless You.
In case a property is purchased from saving, is it reported in the ITR 2
Sir for example --ek flat mene 2012 me 10 lakh me purchase Kiya tha phir mene apni mother ko 2016 me registered gift deed ke through gift ke roop me de diya ab meri mother usko 2022 me 19 lakh me sell karti hai, to indexation 2012 se dekhege ya 2016 se, and second thing agar indexation ko ignore kar de to capital gains 9 lakh hoga ya 19 lakh....
Sir, your video is informative but there is one query which is as follows -
I bought a residential land in quarterly installment starting from year 2004 till 2008 - 13 installments I paid. I sold in Mar 2023. Do we need to consider index value of each quarterly paid installment? Could you please throw some light on this.
Can you please throw some light on it if it comes under your purview.
How long term capital loss is adjusted against the LTCG of land property
in case vale of land is not ascertainable because land has been inherited from forefathers how to file itr
Sir please make video on account finalization
Can we get two flats within capital gain? Thanks
Sir plz make a video for capital gain in redevelopment cases.
Bank interest paid against home loan can be added in value f calculation
How to calculate Capital Gain
If I have a Land acquired on 1981, and on 2004 I have constructed (self construction)4 storied apartment, and now I am selling a flat on the frst floor
What will be the cost in that case for the flat sold.
How to show capital gain details in ITR 2 When a plot of land sold is in joint names.
what if, buyer had paternal propertly? what will be cost of acquistition
very relevant information. But could not get the excel sheet of long term capital gain calculation.
More than one owner hain seller then kaise fill kiya jaaye? Full value of consideration received me kya fill kiya jaaye?
Can I less Stamp duty from sale consideration?
Supurb video
Sir residential plot kis section mei consider hoga
Capital gaig ke sath business income ho to usme 250000/- jo capital gaing me aapne jo minus kiye vo dono income ( business or property ) dono ko milake hi ginna hota hai sir..
Sir kya land circle rate se adhik keemat me bechne me koi objection hota hai
I'm CA final student and i completed my 3 yr articleship in GST only. These videos are helping in gaining practical knowledge of filing ITR. Thank you so much sir.❤
& sir can we get this excel sheet
Glad you like it.
Yes download excel from link in description.
Sir hamari eka land aur building both sell kiya hame long term capital gain hua tha hamne pura proper tax pay kiya 54f main exmation liya aur return file ki aur mhuje uski intimation bhi mili no demand no refund processing complite abhi 16 month complit ho gaye kya mujhe notice askati hai kya pileas bataiye sir hamne koi extra construction nahi dikhaya pura proper CA se sub return file ki hai
Sir depreciation calculation in excel how and fixed assets How
Already uploaded few days back.
Check in out dashboard
Already uploaded
if long term capital is 500000.and invested rs 4 lakhs &taken buy agreement of rs.15 lakhs.i taken housing loan of rs 11 lakhs .
in above case my capital gain is zero.??(less invested rs 1 lakhs.but buy for rs 15)
please advice
astd
Subscribe कर लिया सर 🇮🇳🇮🇳🇮🇳🇮🇳😂
CAN ONE CLAIM 54f AND 54ec BOTH ON SALE OF SINGLE PROPERTY .....S
Sir sip konsi return dekhina ha ek video Bano sip per
Sir, purchase land , dt 27.2.18
co owner property
A.& B
Pur.Total Amt 580000/-
A.290000/- B 290000/-
Sale Total amt.295000/- dt.30.11.22
One person sold.
Itr 3 filing A
LTCG Calculate? &
ITR . full consideration value?
Cost of acquisition without indexation calculation?
How can I joint your class
Pl.adjust the computer ,the calculation is found illigible
Dear Vivek sir Good mrng I have a query regarding Capital Gain on sale of property. My Clint has started sale proceeding of his residential flat. He got amount 25 lac as a part sale consideration in last financial year 2021-2022 and total flat value has been final 40 lac but sale deed (Registry) has not been proceed till now. It may be proceed in Dec 2022. Now please suggest me what I do the part payment received in last financial year. my clint is salary person.
You need to check the provisions of transfer.
Capital gain arises on transfer of Cap Asset not on payment basis. So you need to show cap gain in respective year when transfer occur.
Thank you for your explanation sir.
I have a doubt sir, as you said in the video in the practical aspect we use stamp duty value for computation of capital gains , but the actual sale consideration which is received completely in white is greater than stamp duty value, so how can I give explanation for the difference amount as it is in my savings account
Actually sir forgot to mention it. Consideration for IT means higher of stampt duty valuation and actual. So section 50c which considers stamp duty valuation as deemed cobsideration is applicable only if stamp duty valuation is more than 110 percent of actual consideration. percent
Sir I am in hardup nowdays, So I want to know ki apke Course me offer/discount kab provide karte hain,
ek bar maine dekha tha offer chal raha tha to price thodi low thi.
pls reply.
Hi Ansar,
Generally we don't provide discount, but if you have financial difficulty we will definitely consider.
Contact me at 8368741773
Regards,
Vivek
👌👌👌👌👌👌👌👌👌
Hello,
I have purchased common plot of amount 18,00,000 in Jan 2016
And I sell this plot in dec 2022 of amount 30,00,000 I have liability long term capital gain of amount 12,00,000
& I will purchase new residential house in 2 years , so I want to pay capital gain tax in f.y.2022-23?
plot in the name of tax payer. sold and proceeds received. such proceeds are transaferred to daughter and new house purchased in the name of daughter. can wife take exemption us 54F?
I booked a under construction flat in the FY2015-16 & complete full payment in FY 2019. registration done on 2019. & sale that flat on 2022. For tax indexation which year 2015 or 2019 will I calculate?
Completion date
Is it possible that we have capital loss in while transferring property? If yes kindly guide .
Yes
@@FinTaxPro thank you sir plz make some videos related to that also.
Wait nhi hota sir upload he kar diya karo sidha 😅
Ho gaya upload
Done.
Check now
Sir I purchased a residential plot in September 1983 for Rs.4,800. I sold the same plot in April 2023 for Rs.14,28,000. Kindly me know what will be my Long Term Capital Gain.
Get the circle rate on 01.04.2001 as your fair market value. Then indexation till april 23. That would be indexed cost of acquisition. From thay deduct actual sale consideration or stampt valuation which ever is higher
Hlw sir
Hello
Bhai we bought land for 17k in 1975 but today if we sell at 1 cr . 😅 what inflation then
You need to check FMV of property as on 1-4-2021 then calculate indexed cost of acquisition
SIR MERE BAHUT QUESTIONS HAI MAYBI HAVE UR NO?
Jai Gopal sir
I have seen many videos on youtube about capital gain but in any video I did not get all the information about capital gain I saw your video all my doubts got cleared 101% thank you so much 🫡🫡🫡
HELLO SIR
MARA 1 Q HA KI AGAR LAND MEERUT DEVLOPMENT AUTH. KA HA USKI TOTAL 6 INSTLAMENT DI 2002 TO 2007 TAK BUT REG. 2019 MA HOE TO INDEX COI KONSA YEAR SA LAGAG 2007 SA YA 2019 SA