Save LTCG Tax Like Never Before 😍

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This content is for education and entertainment purposes only. I do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

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[riteshshaw]

The condition of exemption for 2yrs for purchase and 3yrs for construction will not be applicable

If the payment for purchase or construction is done within the due date of filing the ROI of the PY in which the LTCG arose
In other words 2/3 yrs benefit cannot be availed
So in order to be able to avail that benefit assessee has to open a Capital gains Account scheme a/c with the bank and deposit such gains so that govt can keep track of the cap gain amt.

Few points to be noted
1)Also this exemption is once in a lifetime exemption
2)3yrs lock in period is imposed by govt which means you cannot sell that constructed or purchased house within 3yrs from the date of acquisition

[IndianWealthNavigator]

Agriculture land is not capital asset. So no question of capital gain, theses are capital receipt and capital receipt are not taxable.
So no need to invest under section 54😊

[snehaadimulam]

He be literally stating every CA inter tax provisions ever 🙂👍

[Ybpatelstar]

The land of Dadaji selling for profit. No no no . Its not just land its more than that . Its priceless .

[Midnight_Magic]

When ur dad, mom and you at the same time. To be honest I love your videos. I learned something new from your videos .

[kalpeshdesale]

Lekin is ke liye ek condition hai
Ki apna pahile ghr nhi hona chahiye
According to sec 54A

[gauravsharma]

agriculture land is not a capital assets, ... no taxation at all.. at any cost.

[shivbhakt_]

Papa: और वो घर बसाने की जिम्मेदारी तेरी ।
😅😅😅

[sibgqhatullahsharief]

This is only applicable when the assessee sells his residential house property not any other property (land or commercial buildings)

[RakeshSharma-bpgk]

Also don't forget. Once you have claimed 54F there is also a cooling period before you could buy another house other than the one claimed for

[sameer]

Pahli aur akhri bat property agar village me hai toh rural agriculture land pe tax nahi lagta ....😂

[indiastrending]

Wait tax is exempted on any gain on sale of agricultural land.
Means you don't have to pay any tax so why build a home

[sjnsjn]

Rural Agricultural Land not a Capital Asset, hence no capital Gain.

[Redbull]

Btw Agriculture land is not a Capital asset. So there is no question of Capital gain.

[kunalsarkar]

*AS A COMMUNITY THIS IS A REQUEST TO EVERYONE PLEASE WATCH Rocketry in Cinema and support such movies*

[harshmathur]

Rural agriculture land is not a Capital Asset..therefore no Capital Gain arise
So no exemption u/s 54 can be claimed.

[SandeepSingh_]

1. Agriculture land is not a capital asset so no tax
2. There is a condition for exemption of ltcg i.e you should not already have a residential house

[deeppatkar]

Thanks for tip, actual I am looking for this information.... 🙋‍♂️🙋‍♂️🙋‍♂️😃😃

[bhargavpatel]

Gain on sale of Rural agriculture land is exempt from tax

[mayursinhsodha]

U don't have to pay tax for sale of agriculture land