🏡How to Save Tax when Selling a House? 3 Simple Ways that Can Make Your Tax 0

🏡How to Save Tax when Selling a House? 3 Simple Ways that Can Make Your Tax 0 | LearnApp

Рет қаралды 7,276

Күн бұрын

Do you know how much taxes you are paying on the profit you've made from selling the property?
If not, you'll learn it in this video in a comprehensive way along with 3 unknown ways to save taxes when selling a property.
⏰️
00:00 Introduction
00:42 What is Short Term Capital Gain & Long Term Capital Gain
01:51 How property tax is calculated
04:19 1st trick to save tax
05:13 2nd trick to save tax
06:29 3rd trick to save tax
08:33 Concluding the story
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Пікірлер: 43

@rahulbhatia1063 Жыл бұрын

I'm 21 years old and wanted to buy a house in my 30s and everything sips, stocks going pretty smooth and after watching these type of content I'll say thanks big brother bcoz it was so interesting apart from other boring vidz lyk a 21yr old kid feels ( uh get it ryt) 🤟☮️

@PrateekSinghLearnApp Жыл бұрын

Totally get it Rahul bro :) I’m so so happy for you that you’ve already started investing. Love it, keep a long term outlook and NOTHING can stop you. Lots of love ❤️

@rajendermakhijani9271 Жыл бұрын

Hi Prateek, nice video. I want to add a couple of points- 1. For properties purchased before 2000-01, the government revised the tax rules a few years back. Currently the “fair market value” as on 1.04.2001 is used to consider cost of acquisition instead of the original cost for indexation purposes. Effectively, any gains earned prior to this date are automatically exempted. 2. The time period for acquisition of a new house is a bit more complicated. One can acquire a new residential property anytime from 1 year prior to sale of existing property upto 2 years after its sale. Alternatively one can construct a new house within 3 years of the sale. PS. You may not remember me (RKM from TFS).

@PrateekSinghLearnApp Жыл бұрын

RKM! Ofcourse I remember you, bhai can you find me on Instagram and DM me? I’ll get your phone number and I’ll love to talk to you! It’s been so so long Thank you for sharing the information, I learnt something.

@allcaps5493 13 күн бұрын

Can I invest the Capital Gains amount in both (A) Capital Gains, and (B) NHAI bonds? The idea is to have some liquidity on some amount, and also at the same time get some moderate returns on the other amount I wouldn't be needing immediately.

@shabzilla1154 3 ай бұрын

Thanks very much for explaining the LTCG tax and this example, very informative and clear from start to finish! Can I also check if this procedure is the same for NRIs selling property in India?

@007arundass007 28 күн бұрын

thanks for the video!! 2 queries please wrt deductions that can be claimed to reduce capital gains and thereby tax; 1) For purchase date consideration, should we include the date of agreement where we started paying the first instalment or the date mentioned in the final sale deed 2) Apart from a) CII b) repair work c) any Section 54 like 54ec capital gain bonds, is there any other deduction that can be claimed (I guess the yearly property tax/water tax etc can't be claimed ), thanks!!

@vijayraj458 Жыл бұрын

Thank you so much for giving this knowledge 🙏🙏

@PrateekSinghLearnApp Жыл бұрын

Thank you Vijay!

@vaibhavshugel Жыл бұрын

Thank u so much for this valuable information..😊

@PrateekSinghLearnApp Жыл бұрын

Thank you for your message Vaibhav :)

@suryakiran4722 Жыл бұрын

Awesome Session sir, it's really an awesome video. I heard we can save tax but this is the first video that came up with a video explanation.... Kudos to the team who supported and intro is epic

@PrateekSinghLearnApp Жыл бұрын

Thank you so much Surya!!!

@pargatsingh5261 Жыл бұрын

Wow.. Great video.. Even some so called CAs don't know this much.. 👍

@PrateekSinghLearnApp Жыл бұрын

Hey thanks Pargat, happy you found this useful :)

@nithiyanandamravindran7113 Жыл бұрын

Excellent awareness video 💐💐💐💐

@PrateekSinghLearnApp Жыл бұрын

Hey thanks Nithiyanandam

@dhawaldorwal3497 10 күн бұрын

Dear sir, what if we put long term capital gain in a mixed way I mean some part in buying a house and some part in buying bonds is it allowed?

@parminderkumar285 Жыл бұрын

Can I avail this indexation for a piece of land or residential plot?

@vikashmaurya5185 Жыл бұрын

You people are really great. I am learnapp regular student I have learned a lot from Prateek sir and Karthik Rangappa sir. You people are really superb

@PrateekSinghLearnApp Жыл бұрын

Hey Vikash, thanks a lot for your kind words! We’ll keep posting :)

@vikashmaurya5185 Жыл бұрын

@@PrateekSinghLearnApp my pleasure

@bvsprasad3932 Ай бұрын

Is capital gain amount invested for 5 years in NHIA Govt bond will be added to income after 5 years ?? Please clarify Sir

@Maharajadankuni Жыл бұрын

Sir Thank you for this video. I have a problem can you plz help 🙏 We had an old house and we called a devoloper and promoted the property. Now, we got 3 flats out of which we want to sell just one flat and after selling we want to put the money in certain catagories, like:- 1. Paying off all our bank debt 2. Buying agricultural land 3. Build a house, infrastructure and garden on that agricultural land. So, can we do it and save all our taxes on the flat selling money or pay least amount of tax? How to do it, plz help.

@ManeeshJoshi Жыл бұрын

Awesome 🤞😎 PS : I do not own any physical asset.

@PrateekSinghLearnApp Жыл бұрын

Hahaha awesome

@brijeshm3684 4 күн бұрын

My dad bought a plot in 2009 for ₹4 lakh, which he now wants to sell for ₹50 lakh. With this amount, I plan to buy a residential property valued at ₹1.4 crore. How can we save on capital gains taxes in this scenario?

@rohans7278 3 ай бұрын

Sir, I have sold the house after 7 years of purchase and had kept the amount in capital gain scheme which I have withdrawn to purchase a site but now for the time being I can't build the house,do I have to pay the taxes? Is there any way to avoid it?

@roshanrathod3265 4 ай бұрын

What if i have home loans to clear ...selling after 3years , only half of the amount left after closing

@mohammedansarb3384 Жыл бұрын

Please do video on how to calculate inflation

@PrateekSinghLearnApp Жыл бұрын

Thank for the suggestion, Mohammed :)

@darkmaster1803 Жыл бұрын

What happens if price adjusted for inflation is more than selling price? Do we have to pay taxes?

@PrateekSinghLearnApp Жыл бұрын

No tax will be levied as you're actually selling at a loss

@shivuj4061 9 күн бұрын

I want to selloff my property and distribute the money to four children. What is the legal way . Can deposit the cheque in savings bank account. Assume the property is worth of 1 crore. Please advice

@biggboss5194 Жыл бұрын

We have to invest whole amount aur difference 16 lacs only to tax exempt

@PrateekSinghLearnApp Жыл бұрын

The difference amount bigg boss

@deepanshuparwani8169 2 ай бұрын

INFORMATION ARE NOT FULLY CORRECT TILL NOW BECAUSE AMENDMENTS COMES EVERY YEAR PLZ TALK TO A CA FOR TAX SAVING ADVICE FROM CA STUDENT

@pujab6270 4 ай бұрын

Do we need to mention about sold property in filing returns compulsory in the same year or need not...if we had a plan to buy a house with in 2 years.. And what happens if we don't mention about sold property in the same year filing returns and bought another house in two years..