New Capital Gains Tax on Sale of Property 2024 & its Impact on Real Estate
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- Опубликовано: 29 сен 2024
- This video will help you understand new capital gains tax on sale of property as announced in union budget 2024, how the removal of indexation benefit will affect property sales and investments & impact of new capital gains tax on Indian real estate market.
In this video I have discussed, the changes made in capital gains tax on sale of property, new long term capital gains tax calculation, old vs new capital gains tax, impact of removal of indexation in calculating capital gains tax, how new capital gains tax 2024 will impact existing real estate investors, impact of removal of indexation on real estate market and future of Indian real estate market.
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About This Channel
Flats and Keys is a real estate content platform created to help young Indian's know the unknown about buying a property in India. This channel is for education purpose only and Information shared in the videos is bases on my experience in the Industry
Who Am I?
I am not a property broker or a real estate consultant. I am an Entrepreneur, Real Estate Educator & Real Estate Coach. I have worked with top developers of the country and have been an entrepreneur into Proptech space
For any queries, questions or collaboration, you can connect with me on
Email : info@flatsandkeys.com
Whats : app 9625111400
Note: I am not a property broker or a real estate consultant
#capitalgainstaxonsaleofproperty #capitalgainstax2024 #realestateinvesting #realestateindia
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Best RUclips channel on real estate
Thank you
I know at some point a bull market ends and a bear begins, it goes on and on....I have a 7 figure ballpark goal and I intend spreading across maybe 50k - 150k on plummeting stocks, my question is how can I know when a market bottom has been reached?
Investors like you should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
This is a scam guys pls dont fall for it ( this comment and its trail reply)
I was uncertain about the impact of the change, the simplicity in you explanation was very helpful. Thank you!
Glad it was helpful!
There is one more positive aspect. Now all the speculators will be slowly washed away, and only strong investors will remain who have the money to buy the property on their own or via a loan . All the weak hand investors will now be on fire to get rid of the burden especially those who pay 10-20 % and don’t have money to pay when next major demand comes. So prices will see a lot of correction. And a person who entered real estate will now have to remain invested to save his tax in long term and stop treating real estate to meet his consumption needs.
Well explained in very simple words. Thanks
The most important point everyone is missing is the final tax outgo. Now as in new scheme the total capital gains increases so the final tax surcharge also increases. Total tax paid if ltcg is in slab of 50-100 lacs the the surcharge is 10%. Now as indexitation is removed. The person will shift to higher tax slab thus extra he will move to 15% slab. Thus higher tax outgo.
Hello Sir - Thanks for the excellent video.
I am curious to know that , Is there a way to make a comparison for under construction property . Just to understand my situation where i bought an u/c flat
Also to understand whether 60% Pre EMI Interests will be considered as loss in case i sell the property in 2 years after possession
When will the new capital gain taxation provisions come into force whether 1st April or from 23.7.2024
Excellent explanation
Indexation Will be rolled back once affluent get paid back in cheque from government what they acquired in cash thereby whitening laundering, for example acres bought from Haryana etc. farmers for 1 crore cheque 99 crores cash two years ago now materialised for 100 crore cheque, will be all own just by paying 12.5% kind of amnesty scheme till next budget. Then middle class back more happy🙏
Overall not much difference in Capital gains tax.
Very good vedio.
Thank you so much
Worst Budget, Will not vote for bjp next time..
Sabko pata hai ye kharab hai
This isn't good for low income earners, middle class, small towns and cities and the rural areas. Government policy on CG will create RE bubble. This will also create a housing shortage and more traffic congestion in major cities. Huge loss of free hours for the workers as well as the participants in the economy on traffic jams because this CG tax on RE will force everyone to move & invest in big cities that are highly congested already. Parents wasting more time on the commute due to high traffic congestion can bring negative impact of children and parents bonding as well as for the students, the future of the country. Instead of spreading out to rural areas and city outskirts, this policy will force higher density in already highly populated areas. It can lead to the government not being ineffective in providing cleaner water, better education (crowded schools & colleges), insufficient hospital beds during natural calamities & pandemics. Rural, small towns and cities and aspiring districts will see less investments from private investors into their area. More investments in small towns means newer & bigger hospitals, better schools and education institutions, rise in household incomes of the nearby farming villages and developments. This policy is very harmful. This isn't a right wing government that is focused on making the participants and the first time investors richer. This is a law to make the top 0.01% of the population richer. Young investors and millennials may refrain from investing into RE. Which can lead to lesser job creations or even job loss and business that rely on RE and constructions may see less profit or bankruptcy. This policy does not help at all in Job creations. This FM is taking our country into graves with policies that are made only for her multi billionaire friends. Record numbers of millionaires are leave our country. This year alone 4,300 millionaires will leave India. The government must pass budgets that are beneficial for the millionaire, small business owner and the middle class. Each budget session this fake right wing government punishes the participants in the economy. This is corny capitalism and beacon of hate and division nothing about Modi,'s government says "right wing." Somehow it sounds like the employees of Ambani, adani and big real estate firms and investors sat down together and wrote this to create some kind of monopoly and kill off the honest Indians who save 100 rupees a day by walking to work and not having anything for lunch. Just to add enough 100 a day for 20-30 years to buy their first home. How does nirmala even sleep at night knowing she is waging a war on so many hard working people. Who bears the pain, the shame and the inconveniences of today all because they had dreamt of a better tomorrow. Nirmala is evil and a sold out corpse for killing the dreams of these people.
Shame on her. Shame modi. Shame bjp.
I want to sell my house.. Purchased in 2014 in 33 lakh... Now value is 65 lakh... How much I have to pay
Sir,
I have purchased a land in 1995 and ground floor construction done in 2000.and 1st flóor constructed in 2008. Can i get the benifit of indexarion.?
Sir,
I have purchased a land in 1995. Than after ground floor construction done in 1999 and first floor construction done in 2009. Can I get the Benifit of capital gain tax?
Query: in case of reinvesting how to compute amount. Sale price minus purchase or indexed price
Hello Sir Agar kisi ne Land purchase kiya Hain Aur uske baad Usme construction karaya uske baad Sale kiya toh Kaise taxation lagega ???
Cash flow will start again next then maybe demonitization2.0😅
जिनको इंडेक्शन का पता है उनको पता होगा कि ये बहुत घाटे का सौदा है
New flat got try redevelopment
During sale wat purchase rate will be taken into account
Capital gain tax calculation circle rate par hoti h ya market rate par
Janta equity market se dheere dheere out ho jayegi and govt ka tax collection kam ho jayega
Equity Trading mai 6 types ke tax pehle hai and one more tax laga diya.
Aaj ke paper mai SEBi ki statement hai ki intraday market se 70% trader less ho gaye hai
Can I use the capital gains to settle an existing home loan ?
Any possibility that rate come down where it increase so high for flats, or only will hold due to recent bubble
TDR selling pe kitna tax lagta he?
Fantastic explanation!
For property acquired BEFORE 2001....IT is "allowing" FMV....i.e. the Higher of Circle Rate v/s FMV....option as a Consolation due to this New Regime ( For sale after 23.7 ) Is this correct ??
For under construction property (agreement to buy), has the holding period changed to 24 months from 36 months?? Or is it unchanged?
data kaha se lete ho
👍
Black money holder will benefits as usualy
Sr I hv allotted a plot in 2010 nd payment was in instalment in gda authority
But registry done in 2024 march
Can I get LTCG
However I hv paid extra farmers compensation before registry to clear all dues including interest
Pls suggest 🙏
Excellent!
What will be the tax implication on a property sold in 2024 after budget by the son, which was purchased by the parents on 1977, and gifted to their son on 2020, according to this new tax regime?
Hi sir, i purchased plot in 2012 for 3 lakhs & now i am selling for 18 lakhs.. will there be any kind of tax to be paid..or i don't come under capital tax system
1. if we opt for the old tax regime then can we avail the benefit of indexation?
2. In the absence of the indexation benefits, can we still add following in calculating the cost of acquisition -
a. installments paid to the authority for the next several years.
b. amount of stamp duty.
c. brokerage paid to the broker.
d. amount spent on repairing and renovation of the house.
Meri property ka 8.50.000 ka dastavej he .ab me 1300000 k dastavej se bech Raha hu to kitna tex Dena hoga
2012: ki buying v property he
Excellent explanation
Glad it was helpful!
Sir, if I sell the old property and repay the loan taken for buying a new property in 2021,can I get tax relief? Please guide.
Hello . Can I use the capital gains to settle an existing home loan for exemption?
Very good analysis
Very nice information and great video Thanks for sharing 🎉
0 time waste video, good job!
Will indexation apply on ancestral property acquired in 1975 and sold on 05/06/2023?
Yes,if acquried before 2001
Reinvestment of capital gains would be treated as before?
Capital gains rate should be 10% max across the board
Purchase of property pe bhi video banaye kir
very good information and very quick 👍
Very informative, thanks
Glad it was helpful!
What's the tax rule for gift property
Is this rule effective from 23 July or from 1st April? Because i sold my property on 4 th april this year so will i have yo pay tax without indexation ?
Rule is effective from 23rd July 2024
Will indexation apply on property brought in 1983 and sold on 23 July 2024?
Indexation benefit is available
Waiting for your video
Great insides :)
Thank you
Market mein end users hain hi nahi there are only investors
Good information thanks
Excellent information and explanation, thank you
Sirf govt ko hi fayda hoga aur kisi ko nahi
I was waiting for your video on this topic❤
Great Analysis 👍..Very well explained Sir 👏 Thanks
Glad you liked it
nice
Good information
Good info 👍 👌
Excellent guidance
👍Thanks
Great
LTCG ke exemptions to same hi hai ki usme bhi changes hue hai?
LTCG exemptions will remain same, no changes done.
Thank you sir
Good explanation 👏
Perfect sir❤❤
Awesome Rohan bhai
Too good!
सर जी🙏 धन्यवाद
Excellent infn..as always.
Glad it was helpful!
Raise 80C limit to 3 lakhs immediately
Raise LTCG limit from revised Rs 1,25,000 to Rs 2 lakh immediately
Crores of our Middle family would get justice
Jay Hind
Is the profit tax calculated based on the new sale price minus the amount mentioned in the Sale Deed?
For example (Sobha builder) : They mentioned the construction cost of the flat and undivided share of land cost in the Sale Agreement.
In the Sale Deed, they mention only Undivided Share of land cost.
Too much inflated price it has to come down
You are incorrect when you say stcg remains same..the rate is changed from 15 to 20%..pls update yourself
Moreover your title pre 2021 is incorrect its pre 2001
STCG for real estate has not changed and this video is only about sale of property.