TAXATION SIMPLIFIED: CAPITAL GAINS ON SALE OF INHERITED PROPERTY | CA Pritish Dsa

Welcome to CA Pritish DSA's YouTube channel!
We provide valuable content on taxation, current affairs, crypto, stock market, finance, and more.

In our latest video series, "Taxation of Inherited Property," we simplify the complexities of inherited property taxation.

To understand key concepts, legal frameworks, and tax-saving strategies on SALE OF HOUSE PROPERTY:
&


Subscribe for regular updates on taxation, current affairs, crypto, stock market, and finance.
Join our growing community of informed viewers today!

[mssumakiran]

Many doubts will be clarified every time I watch this video.. all your videos is my quick reference Pritish..

[pramodbalakrishnan]

Hi Pratish. Very informative video. Have a couple of question -1) how do we get the CII for 2001? 2) would need more clarity on as to how we can get the cost of acquisition of 1-apr-2001 as per option 1? Can u give more clarity. This is incase of inheritance scenario.

[pradeepkumardas]

My father purchased land in1959 in my mother's name by paying Rs. 3000/- as per sale deed or kewala. Than constructed double storied house phase by phase 15 yrs that is till 1975 . What will be the cost of acquisition ?

[rkarora]

Excellent video giving pertinent information in a very simple language. Thanks!

[ChuckUstaad]

Under Budget 2024..Its still unknown..that Pre 2001 "FMV" or StampDuty Value ...Residential property...will be allowed to be 'Indexed' if sold, AFTER 23 July 2024 ??

[sanketgupta]

Kindly explain the exemptions in this particular case also. Thanks

[GirishSvk-ogzf]

Can i invest capital gains from property sale in shares thank you

[gopalavinjamuri]

I noticed the taxation poicy is changing day by day. How to follow?

[debashisdas]

I got a property of 4 katha land in West Bengal by deed on transfer from a co-operative society on November-1996, which previously owned by my late father (purchased on 1964 at ₹3000/- total ) I paid no Stamp duty ( then due to co-opt act. the valuation amt. was stamp duty free) and no transaction fees only Lawyer fees and typing charges, what will be the my purchase cost if I sell the property now?

[SudhanshuSrivastava]

If the total cost of acquisition is let say 12 lakh rupees and there are two inheriter then can they both fill the cost of acquisition as 6 lakh in their respective ITR sections? I am stuck here in the similar situation.

[AKS-hzsu]

If my total income in the financial year is more than 1 crore (Salary +Sale of Ancestral property), how much percentage of tax do I have to give ? 20 % ? Or more surcharges will be applicable ?

[sivamandipudi]

hi sir what happen when the government value is high and market value is low in this case how can we caliculate capital gain for the ancestral property of an agriculture land

[sc]

We are 14 legal heirs of my grandfather's residential property. It has been decided that 12 of the heirs will relinquish their rights in the property. Consequently, those rights will be transferred to myself and the son of my late father's deceased brother, who is also a legal heir. In consideration for the transfer, both of us will be making a payment amount to the other heirs.

How tax will be calculated in above case STCG or LTCG ?

[vigneshsubramaniam]

Hi Pratish.. can you explain the LTCG STCG based on Budget 2024 norms ?

[shivendrasinghthakur]

My father received property from his grandfather before 1981.
In case if my father sell property does he has to pay capital gain tax ?

[chetanyourheart]

Sir what if we don't know purchase price of village house property then how to calculate

[ashokghosh]

I have a inherited property from my father of three co sharers, should I show the selling amount of my share in income tax portal in ITR-2 when this property will be sold ?

[manindermann]

if the propery was bought 50 years back your 1970 then how capital gain is calulated

[Akshaykumar-bpqe]

Sir. In case an employee working as a contracted employee and TDS has been deducted u/s 194c, how such an employee is going to file the return because he is not a salaried employee, can we file ITR 4, while filing it is auto-populated in ITR 4 under business income, so.. can he file his income by recognizing that total amount under the Business income or Profession income under 44ada or 44AD by showing 100% receipt as income? Plz help me his income is under 5 lakhs .. waiting for your reply and thanks for your valuable content

[gauravroy]

I have received an E-verification intimation through post but the same intimation is not reflected in the AIS E verification portal (stating No records).