Section 54F Exemption | How To Save Tax on Capital Gain ?
ฝัง
- เผยแพร่เมื่อ 4 เม.ย. 2024
- ✅ Subscribe : th-cam.com/users/CAVikasShar...
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.
📍For consultancy please contact below
📩 cavikas04@gmail.com
📩 vikas@rdvconsultancy.com
📞9711156308
🌐rdvconsultancy.com/
📍For Practical courses related information
📩 rdvclasses@gmail.com
📞9711156308/9999413884/6393644969
🌐Web: rdvclasses.com/
🌐Playstore App: hodor.page.link/VQ7y
🌐Store Web: vids.courses.store/
Courses we provide-
👉Practical Course in ITR, GST & TDS
👉Practical Course in GST
👉Practical Course in ITR & TDS
👉Practical Course for ROC/MCA Complainces
👉Taxation Course for online sellers
👉Excel Course for Accountants
Follow me-
Facebook @cavikas04
Instagram @cavikassh
3 Hashtag
#section54
#capitalgainexemption
#capitalgain
Other Hashtag
capital gain, capital gains tax on stocks explained, capital gains on selling a house, capital gains on sale of property, capital gains revision, capital gains tax real estate 2021, capital gain tax on property sale, capital gains tax on real estate, capital gain tax on sale of house, capital gains on rental property, section 54, section 54 capital gain, section 54f capital gain, section 54 of transfer of property act, section 54ec capital gain, section 54f, section 54d, section 54 income tax act, section 54, capital gain, capital gain exemption, capital gain exemption, capital gain exemption under section 54, capital gain exemption under section 54f, capital gain exemption under section 54b, capital gain exemption under section 54 in english, capital gain exemption under section 54d, capital gain exemption under section 54g, capital gain exemption tamil, how to save tax, how to save tax for salary above 10 lakhs, how to save tax for salary above 5 lakhs, how to save tax for salary above 20 lakhs, how to save taxes in india, how to save tax for salary above 15 lakhs, how to save tax in stock market, how to save taxes in usa, how to save tax on cryptocurrency, how to save taxes on stocks, how to save tax on rental income, how to save taxes on crypto, how to save tax for salary above 8 lakhs, how to save tax on trading income, capital gain exemption
My Gears and Links
Laptop
Mobile
Mic 1 amzn.to/32SrhPw
Mic 2 amzn.to/3AN9Ood
Mic 3 amzn.to/3gdEbuf
Camera
Writing Pad
Monitor
Mouse
Keyboard
Income Tax Book
GST Book
Tags Used
GST, INCOME TAX, ITR, TAX SAVINGS, TAX RETURN, GST RETURN, SAVE TAX,,FINANCE, INCOME TAX RETURN, ITR FILING, FREE GST COURSE, FREE ITR FILING, FREE GST TRAINING, online courses, learn gst, learn income tax, free courses, free GST, GST course, Income Tax course, Professional Courses, Excel, Tally, CA, GST UPDATES, Income Tax updates, GST news, gst latest news, income tax news, gst return due date, itr due date, gst audit, income tax audit, gst news today, latest gst notification, latest gst amendment, latest income tax update, latest income tax news, taxation, ROC, INCOMETAX, GSTRETURN, SAVETAX, COMPANY, ROCFILING, INCOMETAXRETURN, ITRFILING, GSTRETURNS, FREEGSTCOURSE, FREEGSTSOFTWARE, FREEITRSOFTWARE, FREEITRFILING, FREEGSTTRAINING, LEARNGST, Chartered Accountant, GST Returns, Goods & Services Tax, Registration in GST, GST Notices, GST New Updates, gst, gst registration, gst update, gst update news, income tax, income tax return, income tax calculation, roc filing, roc filing procedure, roc filing kya hota hai, roc filing for beginners, roc filing due date, roc filing software
![[LIVE] : ONE ลุมพินี 71 วันนี้!! คู่เอก "ทรงชัยน้อย vs รักษ์"](http://i.ytimg.com/vi/_AGPnq2p6Js/mqdefault.jpg)
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??
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 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
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.
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?
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?
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.
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... ??
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
mutual fund or etf gain exempted hai kya?
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
Highly informative elaborated demo
Thank you
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
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
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.
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
Very helpful, Thanks!
Thank you
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.
Sir mein NRI status mein hoon aor mujhay NRO and share income per capital gain ki maloomat chahiyay.
Please next video us per banayein.
Great vikash ji
Thank You
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???
Excellent demo sir thnx
Thank you
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.
No
I am 89yrs oldand can i get wxamtion fully
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 ??
No
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 ??
No
Will cost of improvement (interior) and stamp duty paid also be considered along with cost of purchasing flat ?
No
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 ?
yes
सर में आवासीय प्लॉट बेच रहा हूं तो उसको सेक्सन 54 EC में आएगा या सेक्सन 54 F में आएगा
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.
Answer of both questions are yes
Sirjee mai ek property sale kia hai, jisme party 87 lakh ka payment white me, Isko mai kaise use kar pounga...please advise.....
Need more details to answer this
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
unutilized
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?
No. To get benefit you need to comply section 54F
Applicable to residential plot also? In that case what will happen for 1+2 years? Same rule?
Yes
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.
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 💕
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... ??
Can I get capital gain exemption if I sold residential plot and construction carried out on my wife plot residential house.
As per law not, but maybe some court's judgement allows this
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
@@aloksaxena6906 yes. Subject to other conditions satisfied
the capital gain from matual funds then can i claim tax benefits ? pls answer
Yes
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
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.
yes
Thank you sir for your Vedeo with full clarity ON 54f 👌👍🙏🙏
Sir what are ur charges for guiding tax saving techniques after residential house sale
already replied on Whatsapp
Can plot be resale after 3 years and again avail benefit u/s54F?
yes
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?
Have you received possession? If possession is received then no need to pay tax
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.
@@user-zv2ox9pl8lcorrect
Thanks
is crypto gain exempted under section 54f? plz reply
no
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,
Answer to your question
1. Yes
2. Yes
Sir, mene share sale kiye he, kya me uske samne open land purchase krke exemption le skte he?
@@foryousum no
Or mere pass already 3 residential house he. To kya me or residential house purchase kr skti hu? Rebate ke liye@@CAVikasSharma
Which income tax returns file software is best
Govt Utility is best
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?
Yes
Thanks
@@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?
@@ashishkhandelwal5783 please elaborate it more
@@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?
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
Open CGAS account and construction complete in 3 years
@@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
@@100kadam7 no
Pl make video over agriculture field selling
Soon
If I construct house my self, who will give completion certificate
In that case CC is not required
Sir can I claim for new construction for a shop
No
I am subscribed your channal plz make a video balance sheet and profit and loss finalization in cae company or other than company plz
its in course available in RDV Classes App
U should have covered 54F section related to Mutual fund!!! Felt bit disappointed...:(
It's covered
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???
You need to invest entire sale consideration
@@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
@@RajAgarwal-gt8fe in this case if you invest 25 lakh then you will get full exemption
crypto gains?
Crypto is not a capital asset hence it will not be covered in 54F
Shuru ke 3 mins kya faaltu baat kari. Get to the point!! Non sense
Noted
Please elaborate what is non sense in first 3 minutes?
Ignore such ideots
can selling US shares LTCG be claimed under section 54f
No