That's why I always tell people not to follow this types of influencers who doesn't have a proper taxation degree like CA As per the act if you even receive shares ,it will be taxable as a perquisite
Pranjal bhai aapko to mene mentor maan liya he. Bhalehi aapse me conversation nahi karta personally but aap jo financial knowledge dete hona me oosi se alert ho jata hun . Salute aapke hardwork ko.
He forget to mention that you have to repay your loan amount and for that you have to "pay TAXES" against selling your shares (long term capital gain tax).
Shares given by company to employee also attracts tax. Read provision of income from salary. It says that anything cash/kind given by employer to employee is taxable in the hands of employee.
Yes detailed video please. When you say laon against shares, 1. They have to pay emi and where does the money come from ? 2. And when the loan is taken against the shares, how can they sell it in future even when the loan is still active?
A common misconception here The persons referred here are from countries other than India In India even ESOPs are taxable Difference between the price collected by company and fair Market value on date of allotment is considered as salary in nature of perquisite and taxed as if the difference was salary. Income includes consideration received in kind also in India. And Indian banks are very hesitant to give loan unless u have a high income shown in your ITR and a consistent repayment history. So please don't show half truth.
@@harshsolanki.1881 Nowadays these types of youtubers spread misinformation to gain subscribers. Please don't believe them blindly. Take consultation only from professionals like CAs or other.
Aur jab ham shares khareedte bhi hai tho kya govt ye nhi poochti ki ittey shares jo hamne liye hai from somewhere tho unko khareedne ke paise kaha se aaye🤔🤔🤔
Many who r confused, it's for them. Shares agar girvi rakhkar loan lia, to iska purpose hi loan default karna hai. Directly shares bechenge to tax lagega capital gain par.
Something should be done on this by government or rbi should make some laws for offering loan. That is why rich is becoming richer and poor is becoming poorer. Lagdi to middle class valo ki hain
FYI: You are taxed as soon as you get shares. So if you work for Reliance and ask Mukesh to give you shares worth 10L instead of 10L salary, you would still be taxed 30% and you need to pay 3L to the government. Please don't spread false information.
@@shauryarana5360 It was an example. I know how tax slabs work. This is assuming you already have another income of 30L+ in addition to what Mukesh gives you.
Ye ameer banne ke baad ki baat ho rahi hai. Salaried person share lene se tax se nahi bach pata. Ultra rich log apne bussiness me hissedari to rakhte hai lekin salary nahi lete aur apne hisse ki partnership ki income ko companies ki taraf se invest karte honge, isse un par tax nahi lagta
When any company gives shares, they will deduct income tax. For example, if tax slab is 30%, then employer, will deduct 30% of shares before giving it to employees.
Sir but as per section 17(2)(vi) of Income tax act, if you take shares of a company at inadequate consideration or without any consideration than such benefit in monetary terms is taxable as salary only and tax has to be paid on such amount of fair value of shares net of any payment made in the year in which such share certificate is received or credited to demat account of employee. Further if shares are received for inadequate/no consideration other than in a capacity of employee, than too it would taxable under section 56(2)(x) of income tax act. So escaping tax liability through shares is not possible. 😊😊
If common people use this trick it will be huge risk as rich people alredy have money so somehow they will repay loan but if Comman people shares value goes down he will not be able to pay huge loan and now he is bankrupt. So try this trick only if u have High paying job with security
Financial backup hone se ye hota hai. Without basic support of food clothing shelter, ye karna mushkil hai.but Haan if one struggles by working in the stock exchange then usme income Ata rahega
Bhai company unki khud ki hoti hai toh woh apna share price inflate kar lete hai aur emi bharne ke liye aur loan le lete hai aise endless cycle chalti rehti hai
@@hello-il3fg But bhai aise toh fir unhe "debt trap" me aa jaana chahiye .....god forbid kal ko unki company ka koi project doob jaaye.... Aur shares ke prices deflate ho jaaye....vo toh fir khatam....tata bye bye 😂......so actually that was my doubt ...
but unke company ko toh tax dena hi parta hai...company se salary na le equity le thik hai par company jitna income karti hai us income ka tax bharna padta hai
I was thinking only on that holi post of finology that next task will be removing those gobar,oil paint and other used by to play... bcz u have public figure
Refer sweat equity shares from Income Tax Act. They’re taxed as perquisites and taxed at the same rate as other salary income. Matlab khareedne pe bhi tax dena padega. This may be viable from a western country’s tax pov but India mein iska koi jyada significance nahi hai.
Yes...... Dhruv Rathi also told once in his video that many owners of big companies in U.S.A only take one dollar as salary and that too because of the rule that everyone who work must be paid👍
sir,i am a ca inter student aur maine jab aapka ye video dekha to ek doubt hua ki aapko nhi lagta ki yaha perquisites vala section apply hoga 17(2)(vi),value of perquisite = fmv of shares - amount recovered from employee.aur aapne CEOs dikhae hai video me who are obviously employees,aur agar chair person ho ya non executive directors to section 56 apply hoga gift vala section,fmv - amount paid.
Very informative video sir. Just one doubt though. In countries like US the rate of interest against collateral like shares is very less i have heard. So the the asset appreciation of share is high and they can pay off interest easily. But in india, interest itself is around 11%, same as asset appreciation. Any idea how Indian millionaires save taxes?
You said half truth. Rich people's get only 10-20% of amount of their total salary amount. And rest of the of 80% money they get shares of company. This trick help them to pay less tax and when they need fund that's time they take loan against shares.
This can happen when you have achieved a certain level of financial comfort ....you have physical assets in place
Off course u will have to mortgage something like collateral assests... Banks r not fool to not rhink this way
You are absolutely right
Exactly....and what about Rich people frauds.If u have 100s of crores as cash at your home why the hell will anyone take salary.
Rote rahe gareeb baap ke bete mao aur mere dost toh yahi karte hai apne paise ke saath
L
Right this is not for a normal people who is even not Financial free...
School :-"Sir your child's school fees is unpaid
Me :- do you take shares
🤣
😂😂😂😂😂
Ha ha ba ha
Kya Karen middle class hai fees bharna Hi Padega bade log khud ka school banate hain aur bacchon ko vahin per topper banaa Dete Hai
.
None of the companies are ready to pay salary in shares. Not even 50%
😂😂😂😂
That's why I always tell people not to follow this types of influencers who doesn't have a proper taxation degree like CA
As per the act if you even receive shares ,it will be taxable as a perquisite
Yes, as an bcom holder I agree with you
He's telling the taxation difference.. it doesn't feel like you have done CA either by the way you just missed the point of the video.
He is only giving half of the information to get views
Please create detailed video on this topic.
Yes please
@@vishnubansal true
yeh
Yes pls
Yes yes
Meanwhile Dubai - I'm one step ahead of you guys
how bro
@@yuvarajy7111 0 tax in dubai
@@piyushkkr6348 woh din gaya abb
@@Z71990 kaise bey?
@@Z71990us ma exemption Hein jab ka freezone companies ma abhi bhi 0% tax ha
Pranjal bhai aapko to mene mentor maan liya he. Bhalehi aapse me conversation nahi karta personally but aap jo financial knowledge dete hona me oosi se alert ho jata hun . Salute aapke hardwork ko.
Sir aap ek new generation ko bhut mentoring kar rhe ho, god bless you, 💞🙏
He forget to mention that you have to repay your loan amount and for that you have to "pay TAXES" against selling your shares (long term capital gain tax).
Businessman be like:- "haa Tu Chilla Chilla Ke Sab ko scheme Bata De"😂🤣
Underrated comment. 😂😂
Lol bhutni ki.
@@Peasant001 🤣
@@JattgamingKachanneltumseacchah 😂🤣
I mean almost everyone knows it
Have a lot of respect for you sir for making such informative videos. Continue the good work and God bless.
Thank you!
PRANJAL BHAIYA THIK HA PER! AAPNE NAIL POLISH Q LAGAI HA😊
@pranjalkamra you missed to tell that initially when we get from shares from the company then it's taxable, it's not without tax.
"Perquisite tax" has left the chat....
😂
I am going to ask my employer to give me shares going forward.😂
Someone noticed the nail paint 😂
Holi khela hai kabhi. Bas wohi hai purple colour ka
@@itsokay7896 nahi ladke ke bhes me ladki hai
Me too
So what?
Holi k rang h bhai...tum genius bnne ki koshish kr rhe ho but failed 🤣🤣
Are bhai ye to waisa hai jese- pehle Mai garib tha fir muze Winzo games ke bare me pata chala ab me bhik magta hu😂😅🤣
Bhai winzo zupee app real hai means earn karne ke liye ... Ya phir sab rafuchakkar hai.
great msg sir ..you rock
Did anyone notice the purple color nail paint? 🤣 it looked so cute
True... CEO's of various companies always take very less salary...
₹$€£ 1 only
1rs salary
Income tax officers want to know your location 😂
🤣🤣🤣😂😂😂
@@hackerrudransh2681 kuch nhi ukhad sakte they already know that and its legal althouh
Gadhe it's legal
It's legal,, warren buffet openly says he's most proud of that he does not pay taxes whereas his employees do
Elon musk says only fools pay taxes
Shares given by company to employee also attracts tax. Read provision of income from salary. It says that anything cash/kind given by employer to employee is taxable in the hands of employee.
Thank you sir information dene ke liye❤👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍
"Ahaaaa" Got it.
Yes detailed video please.
When you say laon against shares,
1. They have to pay emi and where does the money come from ?
2. And when the loan is taken against the shares, how can they sell it in future even when the loan is still active?
Wahi too😅
Not necessarily have to take loan on 100% shares, they might take loan how much they needed
Doubt: Who is gonna pay the loan back
Dude it is not easy we have to pay loans we can't steal bank money like that.
My dad pays taxes to government he is industrialist.
Bro just sell the shares and pay it
Or just buy property with the shares and and with the rent you can pay loan with emi
Campany pay karega
Mere Bhai. I love your channel. Keep it up bro.
Dividend income honge toh Tax Dena kom parega
A common misconception here
The persons referred here are from countries other than India
In India even ESOPs are taxable
Difference between the price collected by company and fair Market value on date of allotment is considered as salary in nature of perquisite and taxed as if the difference was salary.
Income includes consideration received in kind also in India.
And Indian banks are very hesitant to give loan unless u have a high income shown in your ITR and a consistent repayment history.
So please don't show half truth.
Even in us the employee stocks are taxed.
True man ... Not correct info by pranjal
In India
u/s 17 (2) (vi) of Income Tax Act, it is taxable
@@OrilDihawa exactly
@@harshsolanki.1881 Nowadays these types of youtubers spread misinformation to gain subscribers.
Please don't believe them blindly.
Take consultation only from professionals like CAs or other.
Aur jab ham shares khareedte bhi hai tho kya govt ye nhi poochti ki ittey shares jo hamne liye hai from somewhere tho unko khareedne ke paise kaha se aaye🤔🤔🤔
Many who r confused, it's for them. Shares agar girvi rakhkar loan lia, to iska purpose hi loan default karna hai. Directly shares bechenge to tax lagega capital gain par.
Holi colours on nails 😂
Chaka hai wo nail polish h wo
Bhai...JABARDAST....BHAI i request you to kindly make one whole video on this topic or even whole series on the same....
Buying shares doesn't attract tax, but excersize of stock option does attaract income tax
This thing was also given in book rich dad poor dad
Loan lo... Fir desh chod kr bhaag jao... Fir loan bhi chukane ki zarurat nahi... 🤣🤣🤣
😂😂😂
Wo loan jo lete hai, wo kis paise se repay karte hai? Khudke paise se ya company ke paise se
Same doubt.
I request Kamra sir to make a detailed video on this topic.
Same
Loan k paise kaise chukayege
Load business firms lete hai personal loans nahi
Something should be done on this by government or rbi should make some laws for offering loan.
That is why rich is becoming richer and poor is becoming poorer.
Lagdi to middle class valo ki hain
Thank you for such a important info. now i am going to subscribe your channel.
Nice nail polish 💅
Holi ke rang hain !
Company employees to jo shares bonus main deti hai us par to tax lagta hai woh income count hota hai
Because wo shares unhe discount price pr milta he jitna discount mila utne ko salary man ke tax lagta h
Please make a detailed video on this topic.
POV zero knowledge of income tax act 😭😭😭😂
FYI: You are taxed as soon as you get shares. So if you work for Reliance and ask Mukesh to give you shares worth 10L instead of 10L salary, you would still be taxed 30% and you need to pay 3L to the government.
Please don't spread false information.
Pehli baat toh 10L ki income pe 3 lakh tax nhi Dena hota. Tax slab naam ki bhi ek cheez hoti hai. Wo seekh lo.
@@shauryarana5360 It was an example. I know how tax slabs work. This is assuming you already have another income of 30L+ in addition to what Mukesh gives you.
Yhi to me sochu pese to sb kama rhe he but ameer ye log bnte he
Tum bhi share lelo
Ye ameer banne ke baad ki baat ho rahi hai. Salaried person share lene se tax se nahi bach pata. Ultra rich log apne bussiness me hissedari to rakhte hai lekin salary nahi lete aur apne hisse ki partnership ki income ko companies ki taraf se invest karte honge, isse un par tax nahi lagta
The moment shares go down, you have to literally pay debt of your pocket
Iska matlab vo hamere hamesha karzdar rahenge unhe mukti nahi h😅
dimaak ka switch ON ho gaya sir.🙏
Ultra rich log Tax nahi dete Bank ko Interest dete hai🤣
Ghanta dete hain... NPA ho jata hay... Bad me favourable government se loan waive karwa lete hain...
Sahi kaha . Tax do ya interest paise to jyada de hi rhe hai . Can anyone explain how this thing works
When any company gives shares, they will deduct income tax. For example, if tax slab is 30%, then employer, will deduct 30% of shares before giving it to employees.
Sir but as per section 17(2)(vi) of Income tax act, if you take shares of a company at inadequate consideration or without any consideration than such benefit in monetary terms is taxable as salary only and tax has to be paid on such amount of fair value of shares net of any payment made in the year in which such share certificate is received or credited to demat account of employee. Further if shares are received for inadequate/no consideration other than in a capacity of employee, than too it would taxable under section 56(2)(x) of income tax act. So escaping tax liability through shares is not possible. 😊😊
How they use loan for there expenses? Please create detail video on this how we common people can use this trick.
Tabhi to ek din sb lekr bhaag jate hai aur bank barbad ho jata hai gareeb ka paisa mar jata hai
If common people use this trick it will be huge risk as rich people alredy have money so somehow they will repay loan but if Comman people shares value goes down he will not be able to pay huge loan and now he is bankrupt.
So try this trick only if u have High paying job with security
I know 2 kamras from internet. One is a curse to the society, the other (you) is a gift to the society.
Abe @@ndu kaam dhandha kar dono tujhse jyada successful hai aur tu bus sab ki chat ta reh
I know many Goswamis... One is a curse to the whole world...
Financial backup hone se ye hota hai. Without basic support of food clothing shelter, ye karna mushkil hai.but Haan if one struggles by working in the stock exchange then usme income Ata rahega
Shares don’t mean crap but if banks willing to give them loan then that’s between bank and the shareholder.
sir vo loan ki emi kaise pay krenge coz we are not taking salary as well
Bhai company unki khud ki hoti hai toh woh apna share price inflate kar lete hai aur emi bharne ke liye aur loan le lete hai aise endless cycle chalti rehti hai
@@hello-il3fg
But bhai aise toh fir unhe "debt trap" me aa jaana chahiye .....god forbid kal ko unki company ka koi project doob jaaye.... Aur shares ke prices deflate ho jaaye....vo toh fir khatam....tata bye bye 😂......so actually that was my doubt ...
But, after taking a loan, how do these guys pay it back i.e the monthly EMIS.. That money has to come from somewhere right?
Good question! 👍🏻
Still waiting for the reply
Uske liye tik tok bnate h ultra rich
Companies will pay the dividend per share, so they manage their loans and expenses with that
I love this video...
But I want to find more about this
Please explain this in a detailed video 🙏🙏🙏
Bahot badhiya, knowledgeable videos hai aapke
The rich gets richer and poor get poorer
Because of the mindset they have
mindset
Bank ko loan k paise to return karne hi honge .....
jab sallary nahi lenge to emi kaise bharenge
but unke company ko toh tax dena hi parta hai...company se salary na le equity le thik hai par company jitna income karti hai us income ka tax bharna padta hai
nice topic, but i think it should be a lenthy video with deep details and explaination !
Tax are collected and wasted for vain.
But buisnessmen know the value of money 💸
So they don't pay them
Respect for businessmen
Dividend se he ho jayega....
Dividend pe bhi tax lagta he
Haan hann dukan Wale ko bhi share de denge sabzi ke liye 🤣🤣😂🤣
Minute expenditure company ke balance sheet me cover ho jate hai 🙂
But interest on loans is much greater than pay taxes on your income
Then how do they repay the loan?
By selling shares
Dont make people fool bank also charge APR which is 12% to 40%
Yes 12% is less than 30%... Which would be their true tax bracket
Sir you give inside knowledge to everyon Which is unique You are a talented teacher. Love u sir 👍
Mujhe ye sab Pata nahi tha...nyc informative
I was thinking only on that holi post of finology that next task will be removing those gobar,oil paint and other used by to play... bcz u have public figure
It's really illogical you know something called intrest on loan? And when you buy some share you show your income what about that?
Still its better than tax
Sir You are great 👍
How will you repay the loan? Who will pay the EMIs and interests! Please make more explanatory video
e.g. Alon Musk.
I am Tired Of telling people to write the Correct Spelling 🧠
😅👍🏻
Copy kiya hai esne... Copy of " bekifayti " 😂😂😂 copy kr k video bana ra hai
Copy from lla
Ghar ke kharach ke liye kitna loan Lena hoga saal ka ? Kyunki Kharcha toh fixed nahi hai. Har saal mehengai hai.
Good working Pk Sir
Then how do they pay their loans (with interest) ??
By taking more loan against assets
They go to London to avoid paying loans 😂😂😂
@@mambo4901 😂😂😂
They will get dividend
Sir details video bnao
Thx to elaborate in simple language
Refer sweat equity shares from Income Tax Act. They’re taxed as perquisites and taxed at the same rate as other salary income. Matlab khareedne pe bhi tax dena padega. This may be viable from a western country’s tax pov but India mein iska koi jyada significance nahi hai.
Ye bhi IFOS me taxable hoga bhai,, TAX pddd le phleee jake!
Akshay Kumar be like- CA hire krna padega
Govt. Is also very wise..Knows how to run a country 😂
Shares received in lieu of cash salary is considered to be 'Salary received in kind' which is taxable under Income Tax Act, 1961. Right?
Nice info sir thanks
Income tax department be like :Tax nahi dena chura lo aur churane ke baad hath mat aana February bana denge 😂
Nice information thanks sir
Or akser rich log hi bank currupt hutain.
Shayd bank currupt hunay ka yahi reson hy
Woah!!!
Detailed video plz
Jo paytm m kaam krta hoga aur wo salary ki jagah shares liya hoga to uska kya 😂😂😂
Super... I didn't know this.
Yes...... Dhruv Rathi also told once in his video that many owners of big companies in U.S.A only take one dollar as salary and that too because of the rule that everyone who work must be paid👍
Bank ke paise jee toh rahe hai.. but uska emi kaise bharenge? Shares me? Woh toh cash se hi Dena padega na?
Amazing fact...😁
Rich people don't pay taxes ❌
Rich people pay less taxes ✅
CLEAR YOUR MISUNDERSTANDINS 🎉
Mujhe abhi tak ye pata nhi tha thanks bhai
sir,i am a ca inter student aur maine jab aapka ye video dekha to ek doubt hua ki aapko nhi lagta ki yaha perquisites vala section apply hoga 17(2)(vi),value of perquisite = fmv of shares - amount recovered from employee.aur aapne CEOs dikhae hai video me who are obviously employees,aur agar chair person ho ya non executive directors to section 56 apply hoga gift vala section,fmv - amount paid.
Very informative video sir. Just one doubt though. In countries like US the rate of interest against collateral like shares is very less i have heard. So the the asset appreciation of share is high and they can pay off interest easily. But in india, interest itself is around 11%, same as asset appreciation. Any idea how Indian millionaires save taxes?
Adani be like, poll khol dega Yeh sabki
You said half truth. Rich people's get only 10-20% of amount of their total salary amount. And rest of the of 80% money they get shares of company. This trick help them to pay less tax and when they need fund that's time they take loan against shares.