How a New 93k Macbook costs 37k by claiming BOTH Depreciation & GST ITC!
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- Опубліковано 21 сер 2022
- In this video, we've discussed certain provisions of the Income Tax Law and GST Law practically to understand how cost of any asset can be drastically reduced provided you know how to take benefit of all laws properly.
Also, during the discussion, the sections 32 & 50 of Income Tax Act and section 16 & 18 of CGST Act have been used.
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you make the subject easier for me, great teaching and communicating skills 👌👌
This channel deserve much support.I m from software engineering background but i enjoy this channel video.love u
I have no commerce background and i knew nothing about taxes, but from last one years i am watching your videos and now i can proudly say that i know something about taxes and GST laws.You explain things in over simplified manner.Thank you sir from the bottom of ❤.
@Parikshit Singh I don't think so, GSTin numbers are for businessman only
@Parikshit Singh NO
Likewise
@@RaviTeja-im4vd no because it includes gst number
Soooo practical tips useful even for non-CAs! beautifully explained
He is the best Taxation teacher out there.....you cannot convince me otherwise !!!
One of the best.
Yes one of the best
BB Sir.❤️
Another classic Crime Patrol Video 😂❤️
Diesel*
@Harsh Verma 🤣🤣
😂
Savdhan CBDT 😂😅
😂😂😂
Thankyou so much sir. Another amazing video.. Really a masterpiece of knowledge
Honest Dil se respect sir, kam time mein ekdum seedha seedha samjha dete hai aap
Thanks for explaining it really well! I've been putting off learning soft soft cuz it looks so intimidating but now that I easily understood the
the proud moment when you already know all this because you are sir’s student
This is golden knowledge 🤟❤️ nobody gives it for free 🤟 thank you so much sir
Imagine if all your teachers in life had this level of understanding of their own subjects! ❤🌟
Alternative Approach : Don't pay Taxes .
Evade Taxes and reduce the Tax liability from the total cost of the Mac.
You may even end up with a net surplus and a notice from IRS.
IRS be like : hame ab dollar ka rate badhana padega
Based
IRS has no jurisdiction in India.
@@yj9032 wtf do you mean irs has no jurisdiction lol? IRS is Indian revenue Service which further has CBDT and CBIC
@@yj9032 Abe aangrej ke chode, IRS = Indian Revenue Service(India) not Internal Revenue Service(USA). Itni safeed gand chatoge toh apna system kaha yaad rahega.
i wished i have taken your classes ....u r an inspiration sir...thanx for these videos
Great video sir ji..
Maja agaya Tax & GSt ko combined tax effect dekh ka..
You can also directly divide the amount by 1.18.. You would get the final amount after removing gst...
One of the best educational video with practical experience
Sir please bring more videos like this as this is enhancing our knowledge
I think I found your channel the best channel on UA-cam
Thankyou so much sir , i regret why i'm not a commerce student , i'm excited to know about taxation and all this stuff .
Ye bhai ham engineers ko bhi CA banakar chhodega!! Btw Kudos to you bro, your analysis, and explanation are best. Keep it up👍
Fantastic explanation!!
Deep meaning of rule 40(2) and 44(6) ❤️❤️now understood .thankyou sahil sir
I am watching your content for the first time, It is nicely explained!.
P.S. You just gained a subscriber :)
You are the best Tax teacher💯
Already knew the dep vs ITC concept Thanks for brushing up the points🙂
Tum bhi maachudao
practical socho, Concept concept me jindagi nikal jaayegi
@@mersenne2486 Bhai pta hai isliye bola na concept bhi or practicality bhi
Bhai concept smjh aagya pr depriciation kaise avail krenge vo to ni milega
Bhai ye depreciation kya hai? Smj nhi aya
Nice narration.. !! Quite an insight
12:38 yes i knew that....it's about GST component on capital goods not on part of capital goods 🤟 therefore can claim depreciation on capital goods on net of GST purchase price.
this video came in my recommendation on such a right time, tahnkyou sir
It's good for explaining the concept. But in real world it's like renting a MacBook for 3.5 years as you sold the asset. It's real cost would be nearly around 62k if you don't sell it.
A person when buying an asset don't calculate the cost after deducting it's resale value.
Ps: You're videos are very helpful for conceptual understanding.
Have you taken the clases from the sahil sir for IDT ?
Thanq boss ur comment makes me to understand the concept ;)
@@weebees8596 No
Bulkul sahi hai
Devansh i didnt get you, can you elaborate plz?
This channel is so under rated , deserves more than 337k subscribers
4:42 Great video. Practically Almost sare log cash me sell karte hai which makes the benefits even more lucrative.
Superbbb explanation sir
Amazing👍
Thank you so much🙏
Dil mange more..
I have asked a question some time while before, now here it is. 😉 💯💯
Best content so far
Excellent knowledge sir 👌
I find ur videos very helpful, thanks
i wish every TAX TUTOR shall LEARN from you the way how to TEACH TAXATION.
TAX is the only subject where you cannot read and remember.
TAX is the most technical subject.
you dont need to study hours and hours. you just need to understand the provision and mug the rates and penalties and thats it.
while studying TAX i assume myself a CA and then do the sums and read the sections
sir ji kamal ka samjhaya apne🔥🔥
Sir, Thera are millions of businessmen in India with huge accumulated ITC with no or little GST payble. Please make a video containing the ways (Legal or illigal) to use this blocked working capital.
Well done tq and keep posting such videos
More than anything i love the intro...😍😍😍
And here I am thinking that either ITC or depreciation can claimed
Without noticing the word "tax component"
Clearly knowledge full video 👌👌
Same
Bhai ye depreciation claim kya hota hai?
@@sjborah4359 Bro there is a provision in gst that GST paid on any asset can be claimed as ITC or u can add that gst paid in cost of asset and then charge depreciation under income tax act on such increased cost
Note:- u must have knowledge of taxation laws
@@rishabhjaiswal8476 ok thanks bro ..
Bdw I'm from science background.. isliye jyada smj nehi aata hai.
Wow man how do you keep all this in your memory like it's amazing bro
Good explanation ❤
Sir apke jaise teacher hoto sabhi CA ban jaye👌
sir please upload more such "pratical" videos... too good...
7:11 Sir, Personal assets pe capital gain calculate nahi hota h na??? Please reply
Maja aa gaya sir 🤟 taxation is love. I want to be tax expert 🤟 right now I'm in CA final giving 2nd group 🤟😅
Superb video..
as a med student who was about to buy a laptop this was helpful thankyou
Really Really awesome video sir
Very Helpful!
Simple yet so confusing for the novice😆
Nice analysis
The net cost of the asset in the example is any case is a business expense, whether more or less.
Hi Sir, could you please make a detail video on home loan and its tax benefits
Absolutely Great video
Gud Explain Sirji...
sir ji, black suit looking great!
Hello sir I'm a CA Intermediate student and I am following you since my CA Foundation days and now after qualifying Foundation I came in inter on 10th august and wanted to take your f2f classes but they are unfortunately sold out I want to take your f2f classes eagerly please sir make one more seat available for me , I have decided from foundation days to take taxation from you only please sir , please. Not gd/PD or live
Epic video . Sir 💘👌🏻
Hi Sahil loved the Video was really looking to buy a Laptop for my Freelance business this will be really helpful, Can you also suggest how do these Laws apply on Used Products like Laptops or Machinery. Can we claim ITC and Depreciation the same way or are there any other considerations in the IT law?
Hi, I am a CA student. Or freelancer ke business main depreciation to le sakte ho par GST tabhi claim kar paoge jab aap samne wali party se GST collect karke GST portal pe pay karo
What is someone is unable to strike a deal and just files a Nil GST all year round.
@Parikshit Singh No, you need to be GST registered
@Parikshit Singh yes
Sir can you make a video for depreciation of residential houses and commercial buildings as well
Really you are genius sir 🙏
Got the point but can you tell me what is the best option either take itc from gst on tax component or we should take depreciation on tax component in income tax??
Great knowledgeable video
Awesome sir waiting for credit card cash back discount in taxation...
Thanku doubt clear ho gaya
Warning: It is not necessary to sell your Mac for get it @37k
Do I have to pay taxes if I want to keep it forever??
@@iamlabeeq yes
Now i understood why the value of CA's are high in India😂
can you please explain in a line how things would change had the laptop (or anything else) been sold after 5 yrs ? Thanks
Hello sir.
Which app you use on ipad and how you mirror it please suggest
Please give lecture on recent Fitch report regarding Adani's leverages
.
Wah dil garden garden ho gaya
producer's version? I just want to make sure I get the right one for .
Is it necessary to sell it after 3.5 yrs to claim the depreciation? Can't we sell it after like 6-7 yrs??
Is this can be applied for Private Car ? or only for business purpose
Sir ek question tha...agar hum kuch bhi order karte hai amazone ya Flipkart se gst par toh kya hum usse use ghar ke liye apne kar sakte hai ya nahi...aur kya us product ko survay karne wale aa sakte hai ki ye aap kis purpose se liya hai aur use kaha ho raha ye dekhne ke liye?
Thank you sir, For Such a Nice Explanation
But, What if Someone bought it at EMI @14% Rates. Will the Cost Reduce or Increase?
Increase obviously
How can I do all these when I am a state govt employee(not exactly but permanent employee in a state govt corporation)?
Sir rk baat jaise itc leliya dep jada se jyda 8000 mil rha hai use jyada ni to kaise pda agr ni bechna hme to kaise pdega
Sir, if the payment is done with different account (or any saving account)other than the gst registered business account then its possible to get the claim if yes then how?
Businessmen usually don't pay tax and keep hoarding cash along with that they get things on discount due to ITC, meanwhile Salaried class gets peanuts after TDS.
Absolutely right. Salaried are the workhorses on whose back country is running
That's stupidity ofc businessman pays taxes but they only pay companies tax which can be very low because ofc companies are the ones taking crores of risk and not the employees .If something was happen to the business a mere employee can just change job without taking the risk.A businessmen can just show his salary as 0 and pay no salary tax but has to pay corporate tax which can be saved through many ways .Why should a mere employee who has 0 risk get benefits.They don't hoard tax ,they invest just like any other smart people.Even if they hoard,that's their money lol.
@@93792sam not really salaries employees are just like dogs.They come and go.
@@AmritenduRana31082000 What are you smoking? I was talking about purchasing Items for personal use while taking ITC on it. Businessmen do it. Most businesses prefer cash instead of cards to avoid transactions touching the books. As for the dog remark, an employee leaves if it gets better benefits somewhere else, simple supply and demand
@@AmritenduRana31082000 if you have a business I am sure the dogs working for you would be happy.
This rule can be availed on personal purchase or purchase has to be made under company name or sole proprietorship
Hello sir ek question tha.
bina gst number ke computer invoice de sakte hain customer ko
What is calculation if I use the product for five years fully depreciated and don't sell it and tax implications
Can we take GSt ITC benefit if we purchased laptop for personal use??
Sir if i buy a laptop and claim both ITC and depreciation like you say but I don't sold my laptop for let's say 10 years . So it can be possible ???
Sorry but I am confused agar mai bechdu asset to hi yeh logic apply hoga jaise isme for eg macbook ko sell kiya gya please clarify
Sir sole propriters pe bhi koi video abanaye kaise tax save kare
Very good tutorial
Hello sir mera ek question hain ki
let's say meine laptop use kiya 5 years tak and then
laptop due to some reason break ho gaya or stopped working so usko kaise dikhana chahiye?
and what if before 5 years ho jaaye?
Thank you sir nice explain
Is the same calculation applied while purchasing a car in co's name ?
This is what we read in Capital Budgeting in Financial Management in CA Inter
Can you please make video on TDS 194R??
Can we claim gst on mobile phones because my Lawyer says that now gst is not available on mobile phones .
what if we manage to purchase it on No cost EMI?