New Budget for NRI Property Sale
10:13
12 сағат бұрын
Purpose of A NRO account for NRI
3:22
When to Close a NRO Account
1:20
2 ай бұрын
Пікірлер
@pratapchaudhari7702
@pratapchaudhari7702 19 минут бұрын
Sir ek devloper all fb ,web sight se add kerta hai property ki fir hum dekha token diya fir usne pura amout liya bola fir registration aaj 3 year hoga usne na jagah na hamare money i am ritaer person 😔capitalgain ki wajahse jagah leni padi 1 flat sell kiya to uske badle me jagah leni thi .😔aaj rent ke gharme rahte 3 years se😔😔
@caaruntiwari3170
@caaruntiwari3170 15 минут бұрын
Aap RERA par Complain Kar sakte hai Builder ki
@ravigm2409
@ravigm2409 3 сағат бұрын
we watched your videos about residential house property. how about the empty plot or we call it as SITE for house construction sale for NRIs..? how tax will act on this issue.
@AKTAssociatesOfficial
@AKTAssociatesOfficial 2 сағат бұрын
It will be treated as sale of Other Capital assets and not sell of residencial property. For more you can reachout to [email protected] or 8080088288
@ravigm2409
@ravigm2409 3 сағат бұрын
Dear Sir please send me your email id
@AKTAssociatesOfficial
@AKTAssociatesOfficial 2 сағат бұрын
For more you can reach out to [email protected] or 8080088288
@BAnirban
@BAnirban 4 сағат бұрын
Sir I work in merchant Navy ...i submitted ITR 2 ...183 DAYS sailing done in the last financial year 2024 25 ....ITR acknowledgement showing zero income as my income is not from Indian sources and earned abroad and it's exempted ...us 10(4)Ii ....is it correct? Or my ITR acknowledgement show the income? Please help sir
@AKTAssociatesOfficial
@AKTAssociatesOfficial 2 сағат бұрын
It is correct ITR Acknowledgement doesn't show exempt Income
@BAnirban
@BAnirban 2 сағат бұрын
@@AKTAssociatesOfficial Sir then how can bank decide via ITR how much is the income when I submit it for loan?
@vthomas3798
@vthomas3798 12 сағат бұрын
In India, ignorant people make laws!
@SDSinhrana
@SDSinhrana 13 сағат бұрын
🙏Thank You - Professional talk , quite benefits for us as an NRI. Please made more videos for NRI returning home country.What are the Tax obligations.Thank You.
@AKTAssociatesOfficial
@AKTAssociatesOfficial 7 сағат бұрын
Thank you for your support.
@kupp1954
@kupp1954 15 сағат бұрын
I am an NRI who recently sold my inherited property in June 2024 before the latest budget. To offset capital gain tax, I have invested in govt. bonds to the tune of Rs. 50 lakes. Will I be subjected to capital gains of 12.5% or based on the indexed value of 20%. Thank you.
@AKTAssociatesOfficial
@AKTAssociatesOfficial 5 сағат бұрын
Please consult CA Arun Tiwari contact our NRI Desk at 8080088288 or email us at [email protected]
@AKTAssociatesOfficial
@AKTAssociatesOfficial 2 сағат бұрын
Sir we need to calculate that to tell you, Advise you to reach out to Client support at 8080088288
@mahendratomar4686
@mahendratomar4686 18 сағат бұрын
Sir I also want to do the same thanks for clearing many doubts Some doubts are there hope you clarify My example is like 1. I am selling my old house with capital gain suppose 15 lakh total sell value 30 lakh and also I am selling shares worth Rs 12 lakh So I have to invest minimum 15+12= 27 lakh in new house/flat is it right? 2. and suppose new house value is 50 lakh can I take loan of 23 lakh along with capital gains.? 3. Suppose the value of new house is same 27 lakh and I have taken loan of 20 lakh and I am planning to sell my old property and share within 01 year and clear the loan within 01 year from capital gains of old house and shares will I able to exempt from capital gain tax in this scenario?
@AKTAssociatesOfficial
@AKTAssociatesOfficial 5 сағат бұрын
Thank you for your comment, @mahendratomar4686. Your questions are quite specific. I recommend consulting CA Arun Tiwari for expert advice. Feel free to contact our NRI Desk at 8080088288 or email us at [email protected] for further assistance.
@ravis1577
@ravis1577 21 сағат бұрын
To improve the co-ownership clause, you should highlight that co-owning residential property restricts the ability of the co-owners to engage in residential property transactions. Specifically, while two individuals could each own up to two residential properties (totaling four properties), co-ownership limits the total to just two properties. This restriction reduces span (turnover) in residential property transactions. This is not applicable in the case of commercial or business properties, where profit or gain is taxable as business income or other sources as per the applicable rates and no such H.P. benefits are allowed.
@kprao52
@kprao52 22 сағат бұрын
Ur explaining the topic is good, however it is confusing. Pl concentrate on one channel not to mixup.
@AKTAssociatesOfficial
@AKTAssociatesOfficial 6 сағат бұрын
Thank you for the feedback. will improve our presentation
@pramodmahapatra7066
@pramodmahapatra7066 Күн бұрын
Practical insights
@rangarajangovindarajan1716
@rangarajangovindarajan1716 Күн бұрын
As an NRI, am I eligible to invest in CG Bonds to avoid Taxes on selling my residential property ?
@AKTAssociatesOfficial
@AKTAssociatesOfficial Күн бұрын
Yes you are eligible for CG Bonds, you can save taxes but you cant avoid it. Watch this video : kzfaq.info/get/bejne/oNZdnKSezcq8fKM.html
@SanjayG2011
@SanjayG2011 Күн бұрын
Sir, firstly I understand Sec 54 can be availed once in a lifetime. Secondly, Capital Gain Bonds give very less interest rate and for this reason will it b not beneficial to give LTCG and invest the amount in Mutual Fund.
@nikunjpatel9669
@nikunjpatel9669 Күн бұрын
Arun Sir, Thank you for explanation. I was on company ASSIGNMENT (single status) outside India last 3 years (21-23) (salary used to come in Rs in Indian account). I returned India 20-Dec-2023 (263 day outside India in FY 23-24). I was in India more than 365 days in 4 preceding years and more than 60 days in FY. Tax being paid in that country (FY Jan-Dec) and in India also FY 23-24 also. Is my status Residence or NIR or any other?
@AKTAssociatesOfficial
@AKTAssociatesOfficial Күн бұрын
Please contact our NRI Desk at 8080088288 or email us at [email protected]
@ChakravarthiT
@ChakravarthiT Күн бұрын
But capital gain bonds have minimum 5 yrs of locking period 😢 Is there another way/bonds without locking period to invest these capital gain amount?
@AKTAssociatesOfficial
@AKTAssociatesOfficial Күн бұрын
Yes, you can invest in government bonds or debt mutual funds, which offer liquidity without a lock-in period, though they may not provide the same tax benefits as capital gain bonds. For more information, you can contact our NRI Desk at 8080088288 or email us at [email protected]
@ChakravarthiT
@ChakravarthiT Күн бұрын
@@AKTAssociatesOfficial Thanks for your update 👍
@consolassoc3450
@consolassoc3450 Күн бұрын
Effectively you don't make any return in Capital gain bond (0% gain or sometimes negative) when it is adjusted to ongoing inflation rate.
@devendragupta3158
@devendragupta3158 Күн бұрын
THANKS. WHAT IS THE DTTA BETWEEN INDIA AND AUSTRALIA ?
@bhanunuthakki6934
@bhanunuthakki6934 Күн бұрын
Sir,the limit to get capital gain tax is Rs.10 cr
@kvalicherla
@kvalicherla Күн бұрын
Hello, the new capital gains taxation rules apply even for residential vacant plots also, or only for houses? I have a plot just on my name. Can I add my wife now as the jount owner? If so, what is the procedure? Thanks.... JR
@AKTAssociatesOfficial
@AKTAssociatesOfficial Күн бұрын
Yes, the new capital gains tax rules apply to residential vacant plots as well. You can add your wife as a joint owner, but we recommend consulting CA Arun Tiwari for specific advice on the procedure and potential tax implications. For more information, you can contact our NRI Desk at 8080088288 or email us at [email protected]
@user-hj3eo7xc5w
@user-hj3eo7xc5w Күн бұрын
Is CGT payable on agricultural land when sold?
@AKTAssociatesOfficial
@AKTAssociatesOfficial Күн бұрын
Capital Gains Tax (CGT) is generally not payable on agricultural land if it is in a rural area, but it applies if the land is in an urban area. For more information, you can contact our NRI Desk at 8080088288 or email us at [email protected]
@adittypublications4141
@adittypublications4141 Күн бұрын
Pay the bloody tax - How to run a country when people like you guys always cry over capital gain tax
@AKTAssociatesOfficial
@AKTAssociatesOfficial Күн бұрын
We are not against paying taxes. In this era of tax terrorism, we help taxpayers save taxes without breaching the law.
@adittypublications4141
@adittypublications4141 Күн бұрын
@@AKTAssociatesOfficial How can you call TAX a terrorism. It is our country and we should all contribute to the development of this country. Do you think FM is taking all the tax money home? Don't be such a cheap skate. Learn to contribute as much as you can to the County that gave you freedom of speech an education. Come out from that ungrateful mentality
@ChanchalSawhney-j5b
@ChanchalSawhney-j5b Күн бұрын
In my opinion, it is effective from 23 th July 2024.
@AKTAssociatesOfficial
@AKTAssociatesOfficial Күн бұрын
Yes, you are absolutely right!
@vibhajain4237
@vibhajain4237 Күн бұрын
U r not at all clear ! Could hav used a ppt!!
@AKTAssociatesOfficial
@AKTAssociatesOfficial Күн бұрын
Thank you for your feedback. We will try to use PPT in our video for better understanding.
@ramamani6436
@ramamani6436 Күн бұрын
How is the principle Amt calculated for inherited property?
@AKTAssociatesOfficial
@AKTAssociatesOfficial Күн бұрын
It is calculated based on the fair market value of the property at the time of inheritance.
@rajindermahil2821
@rajindermahil2821 Күн бұрын
If you own ancestral agriculture property what is the capital gain? Fir NRI
@AKTAssociatesOfficial
@AKTAssociatesOfficial Күн бұрын
For an NRI, capital gains on ancestral agricultural property are generally not subject to tax if the property is in a rural area, but they may be taxed if it is in an urban area.
@arpic
@arpic Күн бұрын
As per my understanding, LRS transfer of 2.5 lakhs annually can be done only by Indian residents. Then how NRI /OCI can do that? Is the rule changed now? Can NRI do LRS for other prescribed purposes also?
@AKTAssociatesOfficial
@AKTAssociatesOfficial 23 сағат бұрын
LRS is for Indian residents only. NRIs/OCIs cannot use LRS, but they can transfer funds from their NRE/NRO/FCNR accounts. For more information, you can contact our NRI Desk at 8080088288 or email us at [email protected]
@MegaHarshMehta
@MegaHarshMehta Күн бұрын
stamp duty on real estate purchase ... brokerage , legal fees , interiors etc ... all these charges will negate the capital gain benefit ...
@UnniMenon-df7uf
@UnniMenon-df7uf 2 күн бұрын
Current rates will be double of what it used to be under indexation!
@sachinnema1
@sachinnema1 2 күн бұрын
Its allowd only once in a life time
@kausikviswanath9786
@kausikviswanath9786 2 күн бұрын
Your recommendation that multiple owners can lead to reduction in CG tax by investing Rs 50 Lacs each in 54 EC is not correct. The 50 Lacs limit is per transaction ie if Capital gains in a single transaction is over Rs 50 Lacs and there ar 2 owners even then only Rs 25 lacs per person can contribute in 54EC capital gains bond and NOT Rs50 Lacs each.
@csuryavanshi5976
@csuryavanshi5976 2 күн бұрын
You are talking about LTCG in house property only, maybe land but not about other assets.
@AKTAssociatesOfficial
@AKTAssociatesOfficial 23 сағат бұрын
It's about both house property and Land.
@rakeshbal8660
@rakeshbal8660 2 күн бұрын
In today's market, Rs. 50 lacs limit on Capital Gains bonds is a joke, especially now with the indexation benefit removed. Even Rs. 50 lac property purchased over ten years ago would sell for maybe Rs. 2 crores. Which means your capital gain would be Rs. 1.50 crores. Even if you invest the Rs. 50 lacs in CAP GAIN Bonds, kindly inform your viewers that first of all, the lock in period is 5 years, and the interest is only 5% (at least at present). If one was to invest the same Rs. 50 lacs in any basic mutual fund or blue chip equity, the average return over 5 years will be average 9 to 10%. The difference between the 5% interest earned in CGBs and other investments in fact is equal to the actual capital gains tax you think you are saving. The government allows no free lunches. The only real way to save some CG tax is to purchase property and pray the CG tax system eases out in a few years.
@consolassoc3450
@consolassoc3450 Күн бұрын
Well said!
@devendradevidasani7598
@devendradevidasani7598 2 күн бұрын
I think you like NRIs very much. You could have said one statement that this rule applies to resident Indians as well as there is no change for both.
@AKTAssociatesOfficial
@AKTAssociatesOfficial Күн бұрын
Thank you for commenting. This video is focused on NRIs and their taxation. While the rule also applies to resident Indians, our primary audience is NRIs. In this video CA Arun Tiwari forgot to mention that. We also make videos for Indian residents.
@manmohanchandola5886
@manmohanchandola5886 2 күн бұрын
Is there any restriction for NRI to buy land?
@AKTAssociatesOfficial
@AKTAssociatesOfficial Күн бұрын
Yes, NRIs cannot buy agricultural land in India. For more information feel free to contact our NRI Desk at 8080088288 or email us at [email protected]
@sridharhs9065
@sridharhs9065 2 күн бұрын
Title is misleading. Your narrative is confined only to 50L capital gains. What if the CG is more? CG bonds have a lock in period of 5 years,a point you have not mentioned. Lastly buying and selling house have so many other implications/hassles, you cannot do just for the sake of tax planning.
@abhijitjacob
@abhijitjacob 2 күн бұрын
6%registration and 2% brokerage on every property deal
@cuteboyy725
@cuteboyy725 2 күн бұрын
Capital gain bonds will give 5-6% interest and that will also be taxable with lockin period of 5 years. So basically a shitty idea.
@rajivmenon3468
@rajivmenon3468 2 күн бұрын
Sir, if I sold the property in April this year, will the new rule apply retrospectively? Thank you. Rajiv
@AKTAssociatesOfficial
@AKTAssociatesOfficial 23 сағат бұрын
New rule applied on immediate effect after announcing the Budget.
@ushanair6066
@ushanair6066 2 күн бұрын
Ltcg from mutual funds can it be invested in bonds?
@kw9494
@kw9494 20 сағат бұрын
Of course, you can invest in bonds ! But NO tax benefits.
@brajesh2107
@brajesh2107 2 күн бұрын
Congress earns money from corruption... BJP earns by sqeezing Middle income tax payers like lemons. Sadly, all middle income will run away and leave india then BJP will be left with noone to tax...
@riteshjsap
@riteshjsap 2 күн бұрын
Can the sales amount invested in sec 54 ec
@I_agree_with_you
@I_agree_with_you 2 күн бұрын
Make more such videos
@adittypublications4141
@adittypublications4141 2 күн бұрын
Yeah man don't pay taxes- Then the Country will go bankrupt - Then cry over it - Learn to pay taxes when you make money (Don't have this cheating mentality)
@kbmishra
@kbmishra 2 күн бұрын
Can we buy bonds for squaring off Capital gain from the stock markets every year?
@AKTAssociatesOfficial
@AKTAssociatesOfficial 23 сағат бұрын
Please contact our NRI Desk at 8080088288 or email us at [email protected]
@kmms11
@kmms11 2 күн бұрын
Sir, you have knowledge of taxes, but your presentation is not impressive. Even if I repeat your video two-three, it's difficult to understand what your point is - confusing . Poor presentation.
@manzoor9alamkhan238
@manzoor9alamkhan238 2 күн бұрын
I think I can get benefit of tax free capital gains by buying another house only one time.
@AKTAssociatesOfficial
@AKTAssociatesOfficial Күн бұрын
Thank you for your feedback. We appreciate your input and will definitely consider your suggestions for improving our presentation.
@sdatta123
@sdatta123 2 күн бұрын
Sir , Capital gain bonds in India typically have interest rates between 5% and 5.75% per year, however if you pay the capital gain tax and invest the rest amount in equity for long term, you may expect 12% + return. So which one is more profitable?
@ravirk3549
@ravirk3549 2 күн бұрын
Under this scenario, and if you consider compounding of these during locking period of capital gain bonds, it makes perfect sense to pay off capital gains tax without any second thought.
@consolassoc3450
@consolassoc3450 Күн бұрын
@@ravirk3549 Effectively you don't make any return in Capital gain bond (0% gain or sometimes negative) when it is adjusted to ongoing inflation rate.
@bodhanpanja5840
@bodhanpanja5840 2 күн бұрын
Can NRI purchase infrastructure bonds? And if then how? Please 🙏
@marookhmirza4784
@marookhmirza4784 2 күн бұрын
Look at her smile OMG
@humbleocean4259
@humbleocean4259 2 күн бұрын
No one can explain NRI taxation as like you.
@AKTAssociatesOfficial
@AKTAssociatesOfficial 23 сағат бұрын
Thanks, Means alot🙏
@user-uj2li6jg6s
@user-uj2li6jg6s 2 күн бұрын
We need to pay registration for every property purchase so we are not really saving entire capital gains