Changes in Capital Gain Exemption Limit | Section 54, 54EC, 54F of Income Tax Act | Yogesh Katariya

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In the Union Budget 2023, the Union Finance Minister Nirmala Sitharaman has proposed the exemption limit of the Capital Gain under section 54 and Section 54F of the Income Tax Act, 1961. According to the budget speech, tax on capital gains can be avoided by investing proceeds of such gains in residential property.

In this video we will understand how these changes will affect your capital gains taxation.

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[vijayanand]

Useless budget for salaried class... Old regime is more attractive than the new regime even after the budget. .. There has been no change to the old regime.. Full gimmicks.. Do comparison of 15 lakhs salaried before and after the budget?

[sp-yeht]

Good explanation sir, please explain
1. is it applicable for sale of shares..if yes is it for stcg or ltcg?
2.regarding the purchase can we buy a plot or have to compulsory buy house only?

[arunbehl]

Very clear and to the point video. This was very helpful. Thanks

[chanduprajan]

Very well explained. Thank you so much❤❤

[dhirajmishra]

Thank you Yadnya! Tax section has helped me just now

[nabakumarguria]

Sir, I have a query

Ek(land) sale kiya
Cost--5 lakh
Sale--8 lakh
Gain--3 lakh
Next time 100 din ke Andar fir se ek Land kharida approximate Vale 10 lakh. Hamara kitna amount per tax lage ga?

[animeshghosh]

Can you please provide that excel you used in livestream on budget day to compare old and new tax regime deductions ? It will be really helpful for us 🙂

[jagdeepjhajharia]

Sir, Can we purchase two residential house properties after selling one house property?
Exemption will be available in this case?
Please advice.
Thanks

[viragnirmalkar]

Crypto currency selling pe bhi 54f ka benefits le sakte hai kya??

[tejasmandale]

What about the illigal property sale ?
We don't pay any stamp duty on illigal property sale. Still we can avail the benifits of section 54 ?

[eixlyul]

Sir, How much time do we have to invest the gain into new property under Section 54 ?

[vishal]

Can we take benefit of section 54f for commercial purchase like shop.

[chandrashekharhs]

Is the Ltcg on mutual fund eligible for exemption if we invest the proceeds on construction of a house ?

[sanjaydhage]

Sir, I have a a query . If I am having a long term capital gain of say 25 Lacks. To take exemption of capital gain tax under section 54, Can I purchase plot & construct house jointly with my son as co-owner.

[darshitpathak]

very nice video.
Can you share if possible to claim under section 54F?
sold mutual fund which produced LTCG & STCG on let say 20May, 2023. And used that money (full consideration) to purchase an under construction flat . Agreement done somewhere in june'23., flat has targeted possession date in Dec'26.
Individual doesn't own any house till that date. So all the amount of LTCG can be claimed under 54F or not?
And is it mandatory to deposite any amount in CAGS or ok if paid directly to the builder?

[amitjoshi]

I own two properties: one under my name and the second jointly with my wife. I bought the first property in 2014 and the second in 2021(still not handover). If I sell either property, am I liable to pay capital gains tax? I am an NRE, and my wife is in India. Please advise.

[dhirajmishra]

If we have LTCG, but capital gain is used in some other work but if same amount is paid in home buying/ loan repayment... Will I be tax exempted?

[pavankgupta]

If I buy a house in February 2023 and sell a long-term mutual fund in January 2024, am I eligible for an exemption under Section 54F of the Income Tax Act?

[meerasabnis]

Why Iam getting following error and how do I solve this
Error :Deduction u/s. 54F claimed here (Table D) should match with total of deduction(s) claimed in respective asset.

[manish]

If I use the LTCG for prepayment of Home loan then 54F section will be applicable?

If yes, what's the process to claim it.