2 Crores Income Tax on Kartik Aaryan's Gifted Mclaren worth 5 Crores!
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- Опубликовано: 3 июл 2022
- This educational video is being made to discuss taxation of gift in the hands of recipient. We've taken Mr. Kartik Aaryan's Mclaren gifted by Mr. Bhushan Kumar as a case study to discuss various possible scenarios in which gifts are taxed in the hands of recipient.
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Through this video, we've understood 3 ways in which gifts can be taxed in the hands of the recipient.
However, in this specific case, I found that t-series has not transferred this car to Mr. Kartik's name. Resultantly, no income is taxable in the hands of Mr. Kartik but at the same time, this should make it difficult for T-series to claim depreciation on the said car.
While we cannot ascertain for sure as to which tax benefits T-series might be taking on this car, the discussion on various possible scenarios definitely adds to our knowledge and that is what the idea is behind all these case studies. Happy learning ❤
3 cr Mai milgayi. 2cr ta tax dia na
@@dibya595 Bhai mere car ke liye 2 cr pay kiya toh car 5 cr ki 2 cr me mil gayi
Sir, TDS u/s 194R will be applicable if taxability arises u/s 28?
My doubt is buyer paid 5cr and gifter to karthik with 2cr tax so total 7cr all spend? Im not able to understand much hindi
@@dibya595 bhai mere Mr.kartik Aryan ko gift mili hai so unko 2 cr pay karna padeg jabki Mr.bhanushali ne 2cr ka tax bachaya hai.
i have no background in tax neither any interest but this gentleman explained it so good and in layman terms. . loved it ❤️
Engineer saab aap bhi kabhi CEO ban sakte ho. Sikh lo taxation
@@raaagent tbhi seekh rha hu mei bhi, i am in 12th pcm student🤣🤣🤣🤣
Imagine being a employee getting 12 lakh p.a. And have to pay 2 crore for receiving a gift..😂😂
Then the person will have to sell that gift to pay taxes💀💀
@@mayur_jelmao 😂😂
@@mayur_je . 😂😂😂🤣🤣👍
@@mayur_je 😂😂😂😂
12lpa it seems like a good package 😆😂
The line "Hnjii Gud evening".. ❤️Has a nxt level fan base.... ❤️ My inspiration 😊
One video 3 chapter ka knowledge 🔥🔥🔥. Thank you sir for giving practical knowledge.
Salary pgbp and ifos
Gazab Sir !!!! You have mastered Tax at such young age !!! you are an inspiration to me !!!
I am a musician who also runs a marketing agency. I have absolutely no background in taxation or anything that is similar or related to it. RUclips recommended me your videos and even though I don't understand a lot of the terminologies in this account, I really enjoy these videos!! :D
Thank you Sir! The way you simplify the topics / concepts is awesome!
best explanation sir, i am a working accountant in jewellery firms, your videos are very helpfull for me, keep it up sir
Your knowledge depth and explanation skills are very effective.. Keep it up brother
Sir the way you explain is just phenomenal 😍
Very nice explanation about gift sections🙌 great sir
Very nice sir real life practical example.
Its very beneficial for us.
Understanding the Real life setuation.
I am giving CA inter november 2022 attempt. But now, after watching your some videos, I am feeling regret that why I didn't take taxation classes from you. 😥😥. In CA final i will definitely take taxation classes from you. 👍🏻
From where you Have took the classes ??
@@princekumarsingh4057 jk shah
@@unknownperson9247 Which Branch? Which faculty?
@@unknownperson9247 Watch lecs of agam dalal from Jksc for Direct Tax
@@vansh9514 rajkot Branch. And faculty is umang thakkar
Amazing video sir....provisions we study when learnt as real life case studies r soo satisfying😇😇
I have interest in Taxation stuff but never gave time to it . After this Man's explaination I am ready to explore taxation now .
Your voice is very soothing and full of confidence .
Love to hear u .
From your each and every video, I learn something new and wait for new video eagerly.
Find new cases to share knowledge with us. Love From Delhi.
What a explaination! I am civil engineer by proffession. Very well explained. Enjoyed.
Learnt something practical. Well explained.👍💯
Well explained Sir ,thanks. MAKE MORE SUCH VIDEOS
Blessed to have you.. Pls do more and more videos ❤from hyderabad.
Very well explained sir.Sir but is section 194R TDS applicable?(assume as if the gift was given on 2nd july 22)
Exactlly bro
Moral : Paise kamao.. CA dekhte baithega Taxation😂
😂
I am doing. engineering but the way you teach. CA course attract me 😅😅
Sir your video are very informative sir from the title I thought it could only be taxed under 56(2)(x) and forgot about section 28 sir thanks for making such informative content
Section 28 is covered in intermediate or not?
@@gotupatel1937 yes covered
@@gotupatel1937 how can you read PGBP without sec 28....so ofcourse it is covered
Being a CA finalist , just love ur series of such interesting real life tax related incidents 🥰🥰 Commendable job 👍👍👍
Why tax rate is 40% ??
Ap Inse hi Class Liye Theee kya?
@@thepiyushbhagat865 nhi
@@StepAheadCommerceStudies Okay Btw Best Of Luck for ur upcoming Final Exams!
@@thepiyushbhagat865 Thanks
Now this is what quality looks like!!
I also forgot about sec 28 thankyou sahil sir for these logics ❤️❤️
Well explained sir 🔥
Well explained sir🙌🏻❤️
Hello sir,
I am from karnataka, your classes and case studies very interesting and useful for us and I requesting you to please teach 30℅ by using english
Since I'm not from economic-taxation freak background i find it hard to understand & what kind of sections were mentioned.
But I hope I'll get to know slowly with time in terms of any topic related to TAXATION.
I realised that knowledge of taxation is very important irrespective of your income.
Karthik trying to convince bhusan to not claim it as biz expenditure. 😉
Why BCCI Doesn't Pay Any TAXES To Gov
BCCI Will Earn 48000Cr Rupees From IPL Media Rights But They Didn't Give A Single Penny To Gov
Bcci ko jitna paisa ipl se miltaa hai uska 50% teams ko de diya jaata hai, uske baad ipl ko organic karne ka kharcha, Indian palyer ko salary, ranji player ko salary, former cricketer ko pension, ground staff salary, ground matainance cost, ICC ko paisa dena jaise bahat kahrcha hota hai, to ye mat socho ki jo bhi paisa bcci ko milta hai sab vo apne paas rakh leti hai
Aur rahi baat tax ki to bcci ek charitable organisations hai, jisko cricket ko badhaba dene ke liye banaya gaya hai, iska koi malik nehi hai, aur suprim court ne bhi bola hai ki bcci ko koi bhi tax dene ki jarurat nehi hai
@@Sourav_MadridCF chup lodde. Bcci bjp ka money minter hai isliye bkl amit shah ke bete ko chaukidar banaya hai
BCCI is registered as a charitable org and its income is exempt from tax, subject to fulfilment of conditions imposed that is it can spend as much as possible on the promotion and development of cricket in India without paying any tax.
Well explained, yes Aaj chuch Naya sikha, hamesha kiterah. ❤️❤️
Great explanation sir👌👌
Superb explanation sir.....
What a superb concept and video
Good Evening Sir 🙏
Sir please make a Detailed Video on CA articleship it is kuch needed as you explain everything in a great manner🙏
Great information Sir 👍👍🙏🙏
What a great teaching
I hope the farmers pay income tax soon, some kind of regulations come on purchase of property and every transaction is forced to be made bank to bank, 3rd is hope kartik aryan can save the taxes from this car !!
Sir, in this case 194 R also will be applied & in that scenario how the TDS portion will be declared?
Tag Kartik Aryan, I am sure he would give a second thought for his gift😂
A gift which cost him to pay 2 Crore😂
Kartik Aryan be like - mujhe toh gaadi chahiye bhi nahi thi, faltu ka 2cr ka kharcha ho gya😭😭
🤣🤣
thanks a lot sir for teaching
learned a lot from your videos
Nice Explanation Sir
shandaar ,,, jabarjast
Behtreen samjhate ho aap tho🤌🏻
What an excellent voice.
Thankyou 👍
Sir car karthik ke name pr hai hi nai. Car bhusan kumar ki tseries ki koi subsidiary company ke name pr hai.
Ty boss. 😊
Thank you sir for making this video on special request🙏🙏🙏
Always a pleasure Hardeek :)
@@TaxationWithCASahilJain sir please make Revision Marathon video for ca final dt sir
Thanks mam
Excellent 👍
Mind blowing sir ❣️💥✌️💯
Sir ye gift me as per section 194R tds @10% lagega na?
Sir me CA to nahi huu CA student bhi nahai huu 12th Commerce chal rahai hee but pata nahai kyu apke videos dekhne me bada maza ata hee our both intresting bhi lagti hee 😍😍🤩
Awesome ❤️🙏🏻
Sahil sir are you from Maths background or from non maths background i m CA foundation student i always admire you the way you speak i like your personality being a foundation student I wanna know about your CA foundation journey as well!!
hanji!🙏
On my way to being an *Income Tax Inspector* soon.
😎❤️
Great video
Thanks
Informative
Good.
Information 💯👍
Sir, i would like to let you know that this car is registered under the name of T Series itself, which means t series would itself be claiming its depreciation and no chargeability in the hand of kartik aryan. Well its a non compliance of section 32 which allows depreciation to the extent it is used for business purposes but still they are planning this. Infact, Nora Fatehi's car (Merc. CLA ) also is gifted by T series the same way.
If that’s the case, they might face issues with their depreciation claim. Anyway, we discussed some cases regarding gifting. Let’s leave it at that.
Basically govt. Is like "usne bacha liya to tu bharega' 🤣🤣🤣
Sir agar car ko Kartik ke namm se hi purchase kiya ho and phir use Kartik ko hi de diya gya ho toh kya phir bhi tax lagega ?
Maza aagya sir 👏👏
Thank you for the information, just for the knowledge the car is actually registered in the name of “Super Cassettes Industries Pvt Ltd” which is T series.
Hello sir can you please make a video on how one can save legal taxes or what refund can we take when someone buys new flat under construction/ ready possession (proprietor business not job) like GST, TDS and any other taxes. Hope to get reply soon thank you.
Sahil Bhaiya 3rd Gifting section ko IT me konsa section lagu hota hai?
Good
India is such a country where they got heavy taxation for anything to everything but the tax money goes to the politicians’ pockets at the end.
Sir if possible please make one video on cryptocurrency taxation update with pros and cons
Make video on tax benefit of car for salaried employees
sir, car to property ki definition me hi nhi hai na...to fir taxable 🤔
Best❤️
Sir John Abraham actor bike apne liye kharidta hai or baad mai loog use kharid lete hai higher price mai kya ye pgbp income banege John ke liye.
Pls explain
I am student of science background but I like your videos
Toh seekhna hai pura toh course Lelo Inka na
@@shivanshshukla5883 mat bulao bhai bohat gehra samandar hai..
@@matrix-4x Arreey I meant sirf tax ki coaching lelo na sikne ke liye as a Hobby learn about tax....CA toh Mai bhi nahi kar rha Mai CMA(USA) kar rha hun 🤣
@@ajay2552 forget your phone dude it's your last attempt
@@shrishri8898 Haan bandar kya jaane adarak ka swad
Sir pls make a video on the Vivo's tax evasion
@Taxation with CA Sahil Jain Sir,What in case of Niraj Chopra and Mahendra XUV 700 gift ??
Sir what about the new tds section 194R will that be applicable here
Sir Apne income ke baaremai ek video banayea sir please
Bas last me muh se yeh nikalta hai areee haaa.. kaise bhul gaya..😂
Sir please tell tax an investor/ or a daily trader need to pay
Good 👍
Sir make a video on Swiss bank and green money
Nice
Hi sir do have recorded video. Of income tax and gst.
sir patent royalty income me kitna tax pay krna pdhta hai ????
Answer my dumb question 🙏🏼
If i open a partnership firm with my friend with no intend to generate profits but to just spend on things i want to buy . And keep an eye on what he does with the invested capital.
Can department ask us why r u spending on things unrelated to business.
We dont want any gst input credit.
Firm will always be in a loss .
Why u want a firm then.
Legally partnership is defined as when two or more persons come together with an intention to share profits as per Indian Partnership Act.
Legally this wouldn't be construed as a Partnership under the law you couldn't even sign a valid partnership agreement if you state your intentions as such
@@tanishqpatel_28 what is the solution...for
If i have a big chunk of money which i want to give him to use...without paying anything me back(so not as a loan) and not including gift taxation.
I just want to give him money to use...all i m asking is does govt care about where a firm spends money if its in loss and claims no input tax credit.
@@tanishqpatel_28 thanks for replying though
Can you please make a video on Tax on income from share market!
So technically if I got a gifted car & I immediately sell it it for money then that amount is not taxble correct?
No
No...still taxable...the money u will get shall be taxable
Yeah @Aftab but if he shows as his business asset then only ...as car is not included in personal movable property.
@@aftabhussain3986 Bro car is personal effect hence not a capital asset
T series can sell the car to aryan for like 10 lac ..
So kartik can save a huge amount on tax.
Sir, please make a video on PRESUMPTIVE TAXATION 44AD only with example of FREELANCE WRITER. PLS PLS PLS make a video... Thanks in advance.
Sir. Detailed video forex trading income par banao pls.. Is ko lekar bahot confusions hai so pls aap banaea is pe video.
Sir... regarding TVS purchase of Norton bikes.... will GAAR not be invoked? I had these doubt for a long time. But I had nobody to ask... now hopefully you can explain.
No