Is it taxable if you sell your house? (Tamil) | Ways to Avoid Taxes

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Is it taxable if you sell your house? (Tamil) | Ways to Avoid Taxes | Capital Gain Tax

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3 жыл бұрын

It feels great to get a high price for the sale of your home, but watch out for the tax implications. Is it taxable if you sell your house? Yes, that’s because capital gains on selling the property are taxable.
If you sell a residential property or land after holding it for more than two years, you are liable to pay a long-term capital gains tax of 20 percent after indexation. So, if you make a gain of Rs. 50 lakh, you may end up paying Rs 10 lakh as tax. However, you can very well save this significant tax outflow.
An assessee can re-invest the long-term capital gains amount in residential house property and claim an exemption under section 54 & 54EC of the income tax act.
Watch this Tamil video‪@SMEDUTALK‬ to know about capital gain tax and all possible ways to avoid taxes. It is explained in detail as to how the exemption works and what all you need to be careful about;
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@viju1954 22 күн бұрын

What will be the situation with new budget today - july 2024

@SMEDUTALK 21 күн бұрын

Short-term Capital Gains (STCG) Tax: The STCG tax remains unchanged and is taxed at the applicable slab rate. The gain is added to the taxpayer’s income and taxed accordingly. Long-term Capital Gains (LTCG) Tax: The LTCG tax rate has been reduced to 12.5% without indexation benefit. Earlier, the rate was 20% with indexation benefit. The holding period for determining whether the gain is long- or short-term remains unchanged at 24 months. முக நூலில் விநாயக முருகன் என்பவர் இதற்கான விளக்கத்தை அளித்துள்ளார். அதை இங்கு பகிர்கிறேன். கேள்வி-1:- நேற்று வெளியான பட்ஜெட் அறிவிப்பில் ரியல் எஸ்டேட் LTCG (Long Term Capital Gain) மீதான வரியை 20% லிருந்து 12.5% ஆக குறைத்துள்ளார்களே. இது நல்ல விஷயம்தானே? பதில்:- நேற்று முன்தினம் வரை வீடு விற்பவர்களுக்கு indexation benefit இருந்தது. அதை எடுத்துவிட்டார்கள். indexation benefit என்றால் நீங்கள் வீடு வாங்கிய வருடத்திலிருந்து விற்கும் வருடம் வரை (ஒரு வருடத்துக்கு மேலாக இருக்க வேண்டும்) உள்ள பணவீக்கத்தை கணக்கிட்டு அதை வரியிலிருந்து கழித்து மீதம் உள்ள தொகைக்கு வரி கட்டினால் போதும். இதான் சரியான வழிமுறை. உதாரணத்துக்கு நான் இந்தாண்டு ஐம்பது லட்சம் கொடுத்து ஒரு வீடு வாங்குகிறேன். ஒரு வருடம் கழித்து அடுத்த ஆண்டு வீட்டை விற்கிறேன். அடுத்தாண்டு வீடு எழுபது லட்சமாக உயர்ந்துள்ளது. பணவீக்கம் ஆண்டுக்கு 8% என்றால் வீட்டை விற்கும்போது இந்த 8% பணவீக்கத்தை கழித்துவிட்டு மிச்சமுள்ள தொகைக்குத்தான் வரி கட்டணும். பணவீக்கத்தை கட்டுப்படுத்துவது என்னோட வேலை இல்லை. அது அரசின் வேலை. நான் ஒரு முதலீடு செய்கிறேன். அந்த முதலீட்டில் நாட்டின் பணவீக்கம் பாதிப்பு ஏற்படுத்தினால் அந்த இழப்பை நான் ஏன் ஏற்க வேண்டும். அரசுதான் அவர்கள் எனக்கு விதிக்கும் வரியில் அந்த இழப்பை கழிக்க வேண்டும். இந்த உதாரணத்தைப் பாருங்க பழைய indexation benefit வீட்டை நான் வாங்கிய விலை : ₹50 லட்சம் Cost Inflation Index (CII) முறையில் தற்போதைய மதிப்பு : ₹64,82,000 வீட்டை விற்கும் விலை:- 70 லட்சம் நிகர லாபம் ₹5,18,000 (₹70,00,000- ₹64,82,000) LTCG வரி : ₹1,03,600 (20% வரி ) நேற்று அறிவித்த புதிய வரி முறை வீட்டை நான் வாங்கிய விலை : ₹50 லட்சம் வீட்டை விற்கும் விலை:- 70 லட்சம் நிகர லாபம் ₹2000000 LTCG வரி : ₹2,50,000 (12.5% வரி ) இப்படி செய்வதால் கருப்புபணம்தான் அதிகரிக்கும். வீட்டை விற்கிறவங்க எல்லாரும் குறைந்த லாபத்துக்கு விற்ற கணக்கு காட்டி மிச்சத்தை கருப்பில் வாங்குவாங்க.

@rameshnatarajan9611 2 жыл бұрын

.. கஷ்டம் வரும்போது ஒருத்தன் வீட்டை விற்கிறான்... அதுக்கு அவனுக்கு வரி... இது தப்பு...

@rmt8428 Жыл бұрын

ஒருவன் உழைத்து சம்பாதிக்கின்ற பணத்தை பல வழிகளில் வரி போட்டு பிடுங்கும் அரசாங்கம் ஒரு நாள் அவன் வேலை இழந்து வருமானம் இன்றி இருக்கும்போது அவனுக்கு உதவுவதில்லை

@manimudi8617 Жыл бұрын

You are 100 percent correct,the Rulers taking money from poor people and give huge benefits to big cheaters like choksi and mallaiah

@thevaparvathamministries1282 Жыл бұрын

Modi yin velai

@a.shanmugavelayutham1706 Жыл бұрын

நியாயமான கேள்வி. ஆனா இது மோடிகாலத்துக்கு முன்பிருந்தே இருந்து வருகிறது

@cinefan555 Жыл бұрын

@@thevaparvathamministries1282 no this was the rule before modi came he may have increased the tax

@aruchamygounder1678 2 жыл бұрын

விரிவாகவும் , விளக்கமாகவும் கூறினீர்கள். மிகவும் நன்று வாழ்த்துக்கள்.

@SMEDUTALK 2 жыл бұрын

மிக்க நன்றி

@shajsalim3208 2 жыл бұрын

சகோதரர் புரியும்படி வெளக்கமாக சொல்லீயதற்கு நன்றி

@SMEDUTALK 2 жыл бұрын

உங்களுக்குப் பயன்பட்டதில் மகிழ்ச்சி.

@marimuthumanoharan4792 2 жыл бұрын

You have clearly briefed this for the sake of public's benefit. This will help the innocent people and have no knowledge about the Investment to avoid tax impact. Thanks for your kind information.

@SMEDUTALK 2 жыл бұрын

My pleasure. Glad it was useful to you.

@gunasundari7415 10 күн бұрын

Arumayana vilakkam. Thank u so much. Nice information.

@SMEDUTALK 10 күн бұрын

மிக்க நன்றி!

@rajeshwaril2395 2 жыл бұрын

IN CASE YOU BUY alternative house YOU CAN ADJUST THE VALUE ARRIVE FINAL AMOUNT FOR I T CALCULATION

@SMEDUTALK 2 жыл бұрын

You have to pay the CG tax for the difference amount when sold house rate is more than bought house rate

@rajadurainadar7099 2 жыл бұрын

மிகவும் பயனுள்ள தகவல். மிக்க நன்றி.

@SMEDUTALK 2 жыл бұрын

உங்களுக்கு உதவியதில் மகிழ்ச்சி.

@sabeerali5610 2 жыл бұрын

அற்புதமான தொகுப்பு💐💐💐

@SMEDUTALK 2 жыл бұрын

மிக்க நன்றி!

@samsinclair1216 2 жыл бұрын

மிக அருமையான விளக்கம் சார்..நன்றி

@SMEDUTALK 2 жыл бұрын

மகிழ்ச்சி. நண்பர்களுக்கும் பகிரவும்.

@dayanandbharati6863 2 жыл бұрын

What a person who never fild any Income tax return so far.

@SMEDUTALK 2 жыл бұрын

Those who have an income of more than 2.5 lakhs must pay income tax. Non-taxpayers should pay it to avoid action taken by the income tax department at any later date.

@swaminathanganesan6213 2 жыл бұрын

அதல்லாம் சரி அவர் இந்த லாபத்தை ஒரே வருடத்தில் சம்பாதிக்க வில்லையே பத்து வருடங்களுக்கு சம்பாதித்தது என்று ஆகும். எப்படி ஒரு வருடத்தில் சம்பாதித்த தொகை லாபம் என்று எடுத்துக்கொள்ள முடியும்?

@SMEDUTALK 2 жыл бұрын

ஒரு சொத்தை விற்காமல் அதனை மதிப்பிடும்போது கிடைக்கும் லாபம் UNREALISED PROFIT என அழைக்கப்படுகிறது. இந்த லாபத்தை பார்த்து நீங்கள் சந்தோஷப்பட்டுக் கொள்ளலாம். ஆனால், அனுபவிக்க முடியாது. அதனால் அதற்கு வரியும் கிடையாது. ஒரு சொத்தை விற்று அதன் மூலம் கிடைக்கும் லாபம் REALISED PROFIT என அழைக்கப்படுகிறது. இதைதான் நீங்கள் அனுபவிக்க முடியும். இதற்கு வரியும் கட்ட வேண்டும். SO, சொத்தை எந்த வருடத்தில் விற்கிறீர்களோ, அந்த வருடத்தில்தான் லாபம் கிடைக்கும். அந்த வருடத்தில்தான் வரியும் கட்ட வேண்டும்.

@sridharanvenkataraman7567 2 жыл бұрын

Very clearly presented video with effective voice. Thanks.

@SMEDUTALK 2 жыл бұрын

You are most welcome

@boopathyshanmugams 2 жыл бұрын

THANKS. GOOD INFORMATION FOR THOSE WHO ARE SELLING THEIR PROPERTIES. I NOT ABLE TO UNDERSTAND WHY IT WAS DISLIKED BY 16 VIEWERS!

@SMEDUTALK 2 жыл бұрын

Glad it was useful to you. I think, it wasn't useful to those 16 viewers. That's why, they disliked the video.

@dmanimani4809 Ай бұрын

Any information told should be authoritative with reference to central government Notification or Income tax Act provisions.

@SMEDUTALK 21 күн бұрын

@@dmanimani4809 Noted

@bharathi7964 25 күн бұрын

மிக சிறப்பான விளக்கம்... நன்றிகள் பல

@SMEDUTALK 24 күн бұрын

இந்த வீடியோ தங்களுக்கு பயன்பட்டதில் மகிழ்ச்சி!

@sudhaanand8256 2 жыл бұрын

உபயோகமான பதிவு நன்றி சுதாஆனந்த் கோவை

@SMEDUTALK 2 жыл бұрын

உங்களுக்கு இந்த வீடியோ பயன்பட்டதில் மகிழ்ச்சி!

@satturmuruges 2 жыл бұрын

Good Informative talk on LTCG. EASILY UNDERSTANDABLE. THANK YOU SIR. T

@SMEDUTALK 2 жыл бұрын

Most welcome! If you wish you may watch 3 more videos (Q&A) in this series. Please check the playlist sir.

@justrelax6123 11 ай бұрын

அருமையான/தெளிவான விளக்கம்!

@SMEDUTALK 11 ай бұрын

மிக்க நன்றி!

@Smaran16g 2 жыл бұрын

Superb good one… now only I have understood almost….

@SMEDUTALK 2 жыл бұрын

Glad to hear that. If you have further questions, I suggest you to watch these videos; Capital Gain Tax (Tamil) | Questions & Answers - Part 3 | Selling a house or land kzfaq.info/get/bejne/m62Fa8to16_Md6s.html Capital Gain Tax (Tamil) | Questions & Answers - Part 2 | Selling a house or land kzfaq.info/get/bejne/qbWidM-D08WpenU.html Capital Gain Tax (Tamil) | Questions & Answers - Part 1 | Selling a house or land kzfaq.info/get/bejne/kLNyl9tjyb2yYac.html

@Sattai558 2 жыл бұрын

Neatly explained without ambiguity. Thanks

@SMEDUTALK 2 жыл бұрын

Thanks and welcome

@mohansankar1815 Жыл бұрын

Well-said sir. Thank you very much. What about selling of an old ancestral property by an undivided HUF members? Whether the income comes to their legal heirs will be taken into account for tax purpose? An explanation is highly required sir,

@SMEDUTALK Жыл бұрын

I am not a legal or financial advisor, but I can provide some general information on this topic. In the case of selling an old ancestral property by an undivided Hindu Undivided Family (HUF), the tax treatment and whether the income will be considered for tax purposes can depend on various factors, including the nature of the property, the manner of its acquisition, and the status of the HUF. Typically, ancestral property refers to property that has been inherited for up to four generations, and it is considered joint property of the HUF. The income or gains arising from the sale of ancestral property can be treated as the income of the HUF for tax purposes. The tax liability would then be calculated based on the applicable tax laws and rates for HUFs. However, if the HUF has been partitioned or divided legally, and the members have obtained their respective shares, the income or gains from the sale of the property would be taxable in the hands of the individual members and not the HUF. In such cases, the income would be considered as part of the individual member's income for tax purposes. It is important to note that tax laws and regulations can be complex and can vary based on individual circumstances and jurisdiction. Therefore, it is recommended to consult with a qualified tax professional or chartered accountant who can provide personalized advice based on the specific details of the situation. They would be able to guide you on the applicable tax rules and the proper treatment of the income from the sale of ancestral property by a HUF.

@srinigovindaraju737 2 жыл бұрын

Great msg So much I had been looking for. Made lots of sense with long term capital gains… 👍

@SMEDUTALK 2 жыл бұрын

Glad you liked it. I suggest you to watch its successive videos (Q&A parts).

@devanandkatangot2931 2 жыл бұрын

Really a good one. Thank you.

@SMEDUTALK 2 жыл бұрын

Glad you liked it.

@venkataswamyl9141 2 жыл бұрын

@@SMEDUTALK g

@venkataswamyl9141 2 жыл бұрын

@@SMEDUTALK 0

@_maha_s 2 жыл бұрын

@@SMEDUTALK 1

@chandrasekar4829 2 жыл бұрын

Very very useful information friend. and social service. Congrats

@SMEDUTALK 2 жыл бұрын

Many many thanks

@gopalakrishnan5895 2 жыл бұрын

This lesson is 👌 🌲 SUGGESTIONS (1) Investment in NHAI or REC Lock in Period Three years

@SMEDUTALK 2 жыл бұрын

As per section 54EC of the Income Tax Act, such investment can be redeemed only after 5 years. Before april 2018 the bonds could be redeemed within 3 years.

@munusamyjambu6107 Ай бұрын

Simply understanding calculation.thankyou sir

@SMEDUTALK Ай бұрын

Always welcome

@panneerselvaml7662 2 жыл бұрын

வீட்டைவிற்ற பணத்தைக்கொண்டு, புதியதாக கட்டப்பட்ட பிளாட்டை அல்லது வீட்டை வாங்கினால் மட்டுமே capital gains tax avoid பண்ணமுடியுமா? அதே மொத்த பணத்தைக்கொண்டு Resale மூலம் வரும் secondhand flat அதாவது ஏற்கனவே கட்டப்பட்ட பழைய பிளாட்டை வாங்கினாலும் tax avoid பண்ணமுடியுமா?

@rajal1625 2 жыл бұрын

Thanks. Most useful information to tax payers.

@SMEDUTALK 2 жыл бұрын

Glad it was helpful!

@cmuthuswamy1825 2 жыл бұрын

Excellent 👍🏾. Very clearly explained. 👏

@SMEDUTALK 2 жыл бұрын

Thanks. Glad you liked it

@vidhyabalu5753 2 жыл бұрын

Very nice and clear explanation. Thank you.

@SMEDUTALK 2 жыл бұрын

Glad it was helpful!

@gobinathsubramaniam6541 2 жыл бұрын

Excellent information and dedicated presentation

@SMEDUTALK 2 жыл бұрын

Glad you liked it

@zesathish 2 жыл бұрын

This Topic is so useful and great knowledge thank you. In the same way we request you to place a video on plot selling and buying with explanation of tax calculations and the period of buying new property with out tax. Is there Any tax benifits for Senior Citizen? Will you please...

@SMEDUTALK 2 жыл бұрын

Glad it was useful. There is no tax for buying a plot or house. Tax is levied only for selling a plot or house. You have seen the tax implications when selling a house. The same rule applies when selling a plot except this. உங்கள் வீடு / நிலத்தை விற்பதன் மூலம் கிடைக்கும் வருமானத்தை இன்னொரு வீடு வாங்க மட்டுமே பயன்படுத்தலாம். நிலம் வாங்குவதன் மூலம் வரியை சேமிக்க முடியாது. No tax exemptions are given on capital gain tax for senior citizens.

@vetrivel2249 2 жыл бұрын

Thank you sir, Excellent explanation👍

@SMEDUTALK 2 жыл бұрын

Glad you liked it

@shanmugavelup8033 2 жыл бұрын

Any video on LTCG/STCG , while selling shares?

@SMEDUTALK 2 жыл бұрын

@@shanmugavelup8033 Not yet. I'll upload it in the future.

@ganyk13 2 жыл бұрын

Further to my view on construction costs and indexation as explained by me below , I think what you may be meaning as construction is additional repair costs and not new construction.

@SMEDUTALK 2 жыл бұрын

@gnanagirigiri1919 2 жыл бұрын

Good explanation to all tax payers.and property buy and seller. Thanks dear.

@SMEDUTALK 2 жыл бұрын

So nice of you

@gurumurthym1003 2 жыл бұрын

Very good description. Keep it up.!!!

@SMEDUTALK 2 жыл бұрын

Thanks a lot 😊

@aruchamygounder1678 2 жыл бұрын

நல்ல தொரு விளக்கம். நன்றி

@SMEDUTALK 2 жыл бұрын

மகிழ்ச்சி. நண்பர்களுக்கும் பகிரவும்.

@jeyakumar8028 Жыл бұрын

Well explained without any interruption.. super

@SMEDUTALK Жыл бұрын

Thanks a lot.

@narayananduraisamy395 Ай бұрын

Sir, Very good explanation in Tamil. Thank you very much sir.

@SMEDUTALK Ай бұрын

You are welcome

@SriniVaith 2 жыл бұрын

Excellent summary of all tax issues pertaining to house ownership. Thank you👌👍

@SMEDUTALK 2 жыл бұрын

Thank you sir. Glad it was helpful!

@karthikeyanm1783 Жыл бұрын

அருமையான விளக்கம்! நன்றி!!

@SMEDUTALK Жыл бұрын

இந்த வீடியோ உங்களுக்குப் பயன்பட்டதில் மகிழ்ச்சி!

@PriyaBS5917 Ай бұрын

The first index for Capital gain was announced in 1964 and not in 1981. The index has so far revised twice- once in 1981 and again in 2000

@SMEDUTALK Ай бұрын

Thanks for your information.

@subbarayalumohandoss1545 Ай бұрын

கேப்பிட்டல் கையின் Tax கால்குலேசன் எவ்வளவுக்கு வருதோ (after Indexation) அதற்கு மட்டும் பாண்ட் வாங்கினால் போதுமா? மீதம் உள்ள பணத்தை ஒயிட் தானே. அதை வேறு FD , NSC., Mf போன்றவற்றில் முதலீடு செய்யலாம் அல்லவா? One more doubt. Instead of purchasing bond, shall I purchase plot for that profit amount i.e taxable portion . Please clarify Sir.

@SMEDUTALK Ай бұрын

Capital Gain எவ்வளவு வருகிறதோ அந்த amountக்குதான் Bond வாங்க வேண்டும். Capital Gain Taxக்கு Bond வாங்கக் கூடாது. Capital Gainத் தவிர்த்து மீதம் உள்ள பணத்தை நீங்கள் எப்படி வேண்டுமானாலும் உபயோகிக்கலாம். மேலும், உங்கள் வீடு / நிலத்தை விற்பதன் மூலம் கிடைக்கும் வருமானத்தை இன்னொரு வீடு வாங்க மட்டுமே பயன்படுத்தலாம். நிலம் வாங்குவதன் மூலம் வரியை சேமிக்க முடியாது.

@veluvelu7231 2 жыл бұрын

அருமையான விளக்கம் வாழ்த்துக்கள்

@SMEDUTALK 2 жыл бұрын

மிக்க நன்றி!

@ManiV-yn2rb Ай бұрын

Suppose a person while purchasing registered a plot for lesser amount and paid more as per agreement, at what price of purchase amount has to be taken while selling the property

@SMEDUTALK Ай бұрын

The price mentioned in the document is the official price. You have to consider it on both buying and selling.

@dhanalakshmis7820 2 жыл бұрын

Thank u sir for giving very essential information

@SMEDUTALK 2 жыл бұрын

Always welcome

@blazingbernard5457 2 жыл бұрын

Love you sir, well explained, very useful for me. Thank you 💞

@SMEDUTALK 2 жыл бұрын

Most Welcome. Glad it helped.

@padminithiruvengadathan9043 6 ай бұрын

If long term capital gain is more than than Fifty Lakhs 20percent tax + 10 percent surcharge +4percent cess charge on that income tax Keep it in mind Nearly 30 percent of gain will go as income tax Bonds will give 5*25 percent interest only today with 5yrs lock in period and interest only in a year which is also treated as your income with normal income

@radhakrishnanl2342 2 жыл бұрын

Super. Explained very nicely . Super.

@SMEDUTALK 2 жыл бұрын

Thank you so much 🙂

@aramachandran4039 22 күн бұрын

Clear explanation.

@SMEDUTALK 22 күн бұрын

Glad you think so!

@nagarajandr3882 2 жыл бұрын

Very useful information. Will this tax calculation will apply for the sale of vacant plots?

@SMEDUTALK 2 жыл бұрын

Same rule applies. But, உங்கள் வீடு / நிலத்தை விற்பதன் மூலம் கிடைக்கும் வருமானத்தை இன்னொரு வீடு வாங்க மட்டுமே பயன்படுத்தலாம். நிலம் வாங்குவதன் மூலம் வரியை சேமிக்க முடியாது.

@sarangapaniraju3516 2 жыл бұрын

very useful video brother , thank u.

@SMEDUTALK 2 жыл бұрын

Glad it was helpful

@mohanramaswamy1421 2 жыл бұрын

In your example the capital gain is 22 lacs and new house purchase value Rs.20 lacs. Rs.20 lacs is too small to purchase a new house. The doubt is whether the purchase of new house is within capital gain (profit) amount or in excess of the capital gain amount.

@SMEDUTALK 2 жыл бұрын

The purchase value of new house should be equal to or greater than the capital gain amount. It means, capital gain amount is spent completely to buy the house. Hence, there is no need to pay the capital gain tax.

@shaminiehamparam1038 2 жыл бұрын

So useful information.

@SMEDUTALK 2 жыл бұрын

Glad it was helpful!

@joysinghjohnson8753 2 жыл бұрын

100% correct. Thx.

@SMEDUTALK 2 жыл бұрын

Glad you liked it.

@janakiramanmuthukrishnan1242 2 жыл бұрын

Very clear explanation , super sir

@SMEDUTALK 2 жыл бұрын

Thank you

@usefulent9257 2 жыл бұрын

1:29. If we don't have any job or income , then what will be the tax calculation?

@Sattai558 2 жыл бұрын

If the properly purchased in 1986 and sold in 2015. How to calculate inflation index sir pl

@SMEDUTALK 2 жыл бұрын

Sir, the cost inflation index for the current financial year (2021-22) is 317. But you have purchased long back. For it's calculations, please refer, cleartax.in/s/capital-gains-calculation-base-year-shift

@dtube123 Жыл бұрын

Arumaiyana thagaval nanba

@SMEDUTALK Жыл бұрын

நன்றி நண்பரே!

@kunjithapathamkunjitham1065 2 жыл бұрын

தகவலுக்கு நன்றி சார்

@SMEDUTALK 2 жыл бұрын

உங்களுக்கு இந்த வீடியோ பயன்பட்டதில் மகிழ்ச்சி!

@kgbaburao 2 жыл бұрын

Thanks for your vedeo. I understand clearly from your naration. Well done

@SMEDUTALK 2 жыл бұрын

Glad it was helpful!

@akashbency5819 2 жыл бұрын

Superb..had these doubts in mind for long...clearly explained..

@SMEDUTALK 2 жыл бұрын

Glad to hear that

@krishnankulathu2382 3 жыл бұрын

For a house purchased prior to 2001 say in 1995 what will be the capital gain index in 2001

@SMEDUTALK 3 жыл бұрын

Please refer, cleartax.in/s/capital-gains-calculation-base-year-shift

@subramanianmuthugopal2678 2 жыл бұрын

Highly informative sir

@SMEDUTALK 2 жыл бұрын

Thanks and welcome

@subramanianmuthugopal2678 2 жыл бұрын

Sir if ur reply is exhibited in this video it will be educative and informative to all. Pl do it sir

@SMEDUTALK 2 жыл бұрын

@@subramanianmuthugopal2678 Good idea sir. Soon, I'll upload another video for Q&A in CG tax.

@rajadurai6355 2 жыл бұрын

I buy the House 16 lacks in 2012. Now I sell the house same amount. Can you pay capital gain tax

@SMEDUTALK 2 жыл бұрын

This tax is levied for the capital gain. You didn't get any gain for selling the house. So, no need to pay the tax for it.

@drsundaram4748 3 жыл бұрын

Thanks for your nice posting 👍👍😊

@SMEDUTALK 3 жыл бұрын

Thanks for visiting

@meru7591 2 жыл бұрын

Masha Allah

@mani6678 2 жыл бұрын

மிக்க நன்றி ஐயா.

@SMEDUTALK 2 жыл бұрын

உங்களுக்கு இந்த வீடியோ பயன்பட்டதில் மகிழ்ச்சி!

@navisdevaki4081 2 жыл бұрын

Vangra sambalathuku tax. Ethai vanginalum tax. Kadan vangi Veedu Katina tax. Veetai Vitral tax. Antha Panam silenta Arasiyalil.... Vathikaluku vedukalaka nagaiyaka pinamiku poividum.

@sundararajansrinivas 2 жыл бұрын

அருமையான பதிவு

@SMEDUTALK 2 жыл бұрын

மிக்க நன்றி!

@mohansankar1815 Жыл бұрын

Sir, Thank you for your wonderful information . My doubt is that 1)whether this capital gain tax is applicable for ancestoral property when it is sold and 2) if the property is purchased during 1967 how this indexation method being applied for? Pl explain.

@SMEDUTALK Жыл бұрын

1) Yes, it is. 2) Please watch the following video to get the elaborate answer; Capital Gain Tax (Tamil) | Questions & Answers - Part 1 | Selling a house or land kzfaq.info/get/bejne/kLNyl9tjyb2yYac.html

@GuitSiva 2 жыл бұрын

Thanks.. 🙏Vaazhga Valamudan🙏

@SMEDUTALK 2 жыл бұрын

Welcome

@PraveenKumar-is7cj Ай бұрын

Really great sir

@SMEDUTALK Ай бұрын

Thanks SIr

@TKPadmaRao Жыл бұрын

Informative. Super explanation

@SMEDUTALK Жыл бұрын

Glad you liked it

@RaviChandran-wm7bj 2 жыл бұрын

Excellent explanation given which may be very useful to many. Thanks a lot, sir. 🙏

@SMEDUTALK 2 жыл бұрын

You're most welcome

@simplybrilliantinsights 3 жыл бұрын

Nice video sir. Very valuable information

@SMEDUTALK 3 жыл бұрын

Thank you

@bagavathisundari6441 2 жыл бұрын

Please explain on giving gifts and tax exemption. GIFT TAX.

@SMEDUTALK 2 жыл бұрын

I'll try to upload a video

@pattabiraghavan6935 2 жыл бұрын

அருமை.

@SMEDUTALK 2 жыл бұрын

நன்றி !

@sankaranji 2 күн бұрын

You buy an asset out of your after tax income savings. Due to inflation the price goes up. For instance a 1000 sft apt costed me 12 lacs in 1999. I paid IT on rental income. I paid 50% of EMI from my salary savings after tax. replacement cost is 1.25 crores but sale value is only 70-75 lacs. If I sell this house, I have to pay around 8 lacs as LTCG. Net receipt is 62 lacs as against replacement value of 1.25 crores. How ridiculous is this? THIS IS KILLING SENIOR CITIZENS. HENCE Scrap this ridiculous LTCG.

@SMEDUTALK Күн бұрын

Agree Sir. Government's duty is to serve the people, but it doesn't happen now. In addition, Budget 2024 proposed removing indexation benefits entirely. However, this change was not applicable for properties acquired before 2001. For your information, The acquisition cost of a house is generally more than just the initial buying cost. Components of Acquisition Cost: Purchase Price: The original amount paid for the property. Home Loan Interest: The total interest paid on the home loan over the years. Registration Charges: Costs incurred for registering the property in your name. Stamp Duty: Taxes paid during the property registration process. Property Tax: Paid during the ownership period (may or may not be included, depending on specific tax laws). Improvement Costs: Expenses incurred on property improvements (e.g., renovations, additions). Importance of Acquisition Cost: Accurately calculating the acquisition cost is crucial for determining the Capital Gains Tax when you sell the property. The capital gain is the difference between the sale price and the acquisition cost. It's essential to consult with a tax professional or chartered accountant to accurately calculate your acquisition cost and determine the applicable taxes. They can provide guidance based on your specific circumstances and applicable tax laws.

@muthukuppusamy9830 2 жыл бұрын

friend! it's a valuable message for people. knowledge gain. it's make us a awareness about selling and buying property. Thank u dear friend!

@SMEDUTALK 2 жыл бұрын

It's my pleasure. Glad it helped to you.

@muthukuppusamy9830 2 жыл бұрын

thank u friend!

@balasubramaniansambasivam2218 2 жыл бұрын

Whether the LTCG kept in CG account drawn for investment in REC or NHAI bonds

@SMEDUTALK 2 жыл бұрын

Yes, you can

@krishnaraju88 2 жыл бұрын

Please advise the above explained procedure is same for approved plots also. Thank you.

@SMEDUTALK 2 жыл бұрын

Yes, sure. I am doing it in comment section.

@SivaKumar-dl1yw 2 жыл бұрын

Thank you for the very useful and informative message. I have a small query. Purchased a site in 2001-2002 for Rs. 3 Lakhs. Later, in the same year, I built my house by investing Rs.10 lakhs. Whether the house cost is included in the Purchase value? When I sell this house including the land, where the costof house will be included? Thank you.

@SMEDUTALK 2 жыл бұрын

Please watch this video to get a detailed answer; Capital Gain Tax (Tamil) | Questions & Answers - Part 3 | Selling a house or land kzfaq.info/get/bejne/m62Fa8to16_Md6s.html

@danielswaminathan2817 2 жыл бұрын

Lucidly explained

@SMEDUTALK 2 жыл бұрын

Thank you

@rmt8428 Жыл бұрын

வணக்கம் சார்... 2022-23 ஆம் நிதியாண்டில் ஒரு காலி மனையை ( காலி மனை 2013-14 ஆம் நிதியாண்டில் வாங்கப்பட்டது) விற்பதனால் கிடைக்கும் முழு பணத்தை 2021-22 நிதியாண்டில் வாங்கிய வீட்டின் வங்கிக் கடனை அடைக்க பயன்படுத்தும்போது வருமான வரி உண்டா?

@SMEDUTALK Жыл бұрын

Exemption under section 54/54F can be claimed if the sale proceeds are utilized within one year before or 2 years after the date of transfer. So where a house is bought one year before the date of transfer by taking loan and you sell your house property and use that amount to pay back the loan, such repayment should be taken as fulfilling the condition of using the sale proceeds. Remember, Home loan and Capital Gains Exemption are two separate things. Income tax department is not concerned if you used the sale money for repaying the home loan or not.

@mohankumarvenkatachalam4100 2 жыл бұрын

Great information. Thank you Sir.

@SMEDUTALK 2 жыл бұрын

Glad it was helpful!

@user-kl5cr1lg8e 11 ай бұрын

Sir, the new property should be purchased in which amount? Capital gain value or LTCG value?

@SMEDUTALK 11 ай бұрын

You can purchase for any value. From that, you can claim the capital gain that you earned from the previous sale.

@Weallareone1719 4 ай бұрын

We are paying tax regularly, already we paid house tax, water tax, sevage tax etc. For some reasons we are selling our property, why government steelling money thru tax, very unfair in India

@SMEDUTALK 3 ай бұрын

Very true

@hemalathap1257 Жыл бұрын

Clear explanation

@SMEDUTALK Жыл бұрын

Thanks

@moorthimalaiyarasan5112 3 жыл бұрын

Capital gain account ல் போட்ட பணத்தை அதற்கான வரியை கட்டிய பிறகு எடுப்பது எப்படி?

@SMEDUTALK 3 жыл бұрын

To withdraw money from a capital gains account, you need to make an application through Form C. Once the withdrawal is made, you need to utilise it within 60 days and it cannot be re-deposited in the account immediately. If a second withdrawal is required, you need to make an application through Form D. Ask your bank for more details.

@devangathiagarajavijayakum2511 Ай бұрын

Thanks a lot.

@SMEDUTALK Ай бұрын

Most welcome!

@madhavanvenkasamy1603 2 жыл бұрын

Explained very nice.

@SMEDUTALK 2 жыл бұрын

Thank you so much 🙂

@raghuprasath7631 2 жыл бұрын

Dear sir we purchased one and half cent vacant land in 2010 Nov. After ten years we built a home cement sheet on top and sold it for 11 lacs in Jan 2020. Is it applicable ltcgs.

@SMEDUTALK 2 жыл бұрын

Sir, your case involves many tax implications (purchase price of land, construction cost of home, proof of construction cost & year etc.). Please contact an auditor for better help.

@user-ft4yo7wv7r Жыл бұрын

Super explanation sir thank u

@SMEDUTALK Жыл бұрын

You're most welcome

@mahiraji7830 2 жыл бұрын

Nice Info. But if you buy home on loan then how to calculate buying price? Actual cost as per agreement or total amount paid to bank including interest. Please clarify

@SMEDUTALK 2 жыл бұрын

Watch this video to know the detailed answer; Capital Gain Tax (Tamil) | Questions & Answers - Part 3 | Selling a house or land kzfaq.info/get/bejne/m62Fa8to16_Md6s.html

@mohammedquthpudin133 2 жыл бұрын

Very easy to understand

@SMEDUTALK 2 жыл бұрын

Thanks a lot

@revathisivaraman4745 2 жыл бұрын

GOOD INFORMATION

@SMEDUTALK 2 жыл бұрын

Thanks

@shanmugavelup8033 2 жыл бұрын

If the house is older, Then the LTCG will be higher. Am i right? LTCG tax is higher for a house/plot bought in 1990 will be higher than a house/ plot bought in 2010 .Right?

@SMEDUTALK 2 жыл бұрын

1) If the house is older, Then the LTCG will be higher. Am i right? Yes, you are right. 2) LTCG tax is higher for a house/plot bought in 1990 will be higher than a house/ plot bought in 2010. Right? If the tax depends on the Indexed cost of acquisition only, then you are absolutely correct. But, it also depends on the normal profit value (Selling price - Buying price ). The profit is more when you sell a house in Adyar, Chennai than a house in a village of Theni. i.e. when the profit is more, the tax will also be more. In your case, If the house that was bought in 1990 and the house that was bought in 2010, both are in the same location, then you may be correct.

@cpsredahr2236 2 жыл бұрын

Sir I have sold my flat for 42 lakhs in 2021. I purchased it for 34.19 lakes in 2013. I have already owned one flat. For this I am paying monthly housing loan. My outstanding bank loan is around 20 lakhs. Can I adjust this for repaying housing balance. What is my capital gains.

@SMEDUTALK 2 жыл бұрын

As per the current provisions, individuals and Hindu undivided families (HUFs) are allowed to avail home loan to purchase a new house and still claim an exemption on the entire LTCG resulting from the sale of the previously long-term held real estate capital asset. However, the purchase of a new residential property must be made within one year of the sale of the old property. The LTCG being used to repay the home loan is considered to be fulfilling the criteria set under Section 54 and Section 54F, and thus you are permitted to claim an exemption on the entire LTCG amount.

@rajeshkumar747 4 күн бұрын

Hello Sir, i understood your video. Thanks a lot for your effort. Still i would like to confirm again. I bought a plot for 10 lakhs in year 2000. I am going to sell the same plot for 1.95 Crores by next week. After the calculations based on CII table, LTCG is around 1.3 crores. Now, I am going to buy a new plot next month which cost around 40 lakhs. Also, i will be constructing an home in that new plot by next year which costs around 90 Lakhs. To construct the home, i am going for home loan for the complete 90 lakhs. My question is: Can i make LTCG tax zero, by showing home loan and new plot purchase (90 L + 40 L = 1.3 Crores) against LTCG of 1.3 Crores?

@SMEDUTALK 3 күн бұрын

Budget 2024 proposed removing indexation benefits entirely. However, this change was not applicable for properties acquired before 2001. You were fortunate to have purchased land in 2000. This could allow you to potentially avoid capital gains tax entirely by constructing a building within three years of selling your house. It's important to note that only construction costs, not the land purchase price, are typically considered for this purpose. Consulting a tax professional or chartered accountant can help to determine your specific options.

@rajeshkumar747 3 күн бұрын

@@SMEDUTALK Ok Sir. Thanks.