**Note: Future and Options is a type of Non-Speculative Business i.e., Normal Business but Intraday Trading is a Speculative business. However both will be charged under the head 'Profits & Gains of Business or Profession'.
Sir deduction allow hone ka yhi mtlb h na ki so n so condition me jo b kharcha hua h us pr tax me rebate mil jayegi ? N if i'm wrong then plz explain what do we mean by deductions? 😢
Tax me rebate is different as it is deducted from the tax amount while deductions are deducted from Income. Suppose your GTI is 7L and you claim a deduction of 1L then you taxable income would be 6L and on this 6L you are required to pay Tax of 10,000 but you get a rebate of 2000..then ultimately you will have to pay only 8000 tax.
Thnku sir.par ma..par hc mehtora sa iska numerical bhi krwa kr rh h ..bcz subject consist+numerical+theory also..so solving and understanding more and more ... numerical will brush up your ... theory base ..😊✌️.. video is superb ..✍️
In Business you either exchange goods or services or both for profit but in profession there is exchange of services only.. also business is risky but prof isn't. In profession you use your specialised knowledge or skill but business doesn't necessarily require any of these. Lastly in business we have profit or losses but in profession we have receipts and payments and profit is called as surplus. Apart from these u can find many more difference on net.
**Note: Future and Options is a type of Non-Speculative Business i.e., Normal Business but Intraday Trading is a Speculative business. However both will be charged under the head 'Profits & Gains of Business or Profession'.
sir can i get notes of this topic in soft copy
t.me/sameerpandeypdf you can download all the notes from here
Thankyou sir bhut dikkat aa rahi thi exams h or bdia teacher nhi mila apka channel dekh k sukoon mila❤ thankyou so much sir
Thank you 💫😊
Thanks boss, you have explained the concepts so beautifully that a non commerce can understand the same.
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I've exam tomorrow and I'm watching your videos and it's really working!!!!!🤧
Thank you so much 🙌🌷♥️
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& All the Best for your Exams ✨
Superb explanation sir
Thank You 🙂💫
Wow! Too good explained.🤓
Thank You 🙂
Thanku sir for explaining
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Excellent teaching 👌 thank you Sir
Thank you Ma'am 🙂 pls don't forget to like and share the video.
very nice explain ....thanku/'.....
Thank you 🙂
Aapki awaz bht achhi h ❤
Thank you 😀
Thanks sir
Welcome ✨
Thank,s sir ji
Most Welcome 🙂
Thnku
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Sir deduction allow hone ka yhi mtlb h na ki so n so condition me jo b kharcha hua h us pr tax me rebate mil jayegi ?
N if i'm wrong then plz explain what do we mean by deductions? 😢
Tax me rebate is different as it is deducted from the tax amount while deductions are deducted from Income.
Suppose your GTI is 7L and you claim a deduction of 1L then you taxable income would be 6L and on this 6L you are required to pay Tax of 10,000 but you get a rebate of 2000..then ultimately you will have to pay only 8000 tax.
Oooohh... Okay.. Now I got it.
Thankyou so muchh for considering my question 😌❤
Most welcome 🙂
Pls do subscribe and share it with your friends also.
Thnku sir.par ma..par hc mehtora sa iska numerical bhi krwa kr rh h ..bcz subject consist+numerical+theory also..so solving and understanding more and more ... numerical will brush up your ... theory base ..😊✌️.. video is superb ..✍️
Thank You 🙂
Don't worry I'll also upload the numerical for this new AY 2023-24.
Sir, income from illegal business is it taxable.. if yes how it is taxable? please explain me sir...
Yes it is taxable... Just like a legal business income... additionally, there will penalty imposed on the assessee for this illegal income.
Also, from the illegal income..no deductions will be allowed like in csse of legal business income it is allowed.
@@SameerPandey thanks a lot sir we need you guidance and support 🙏🙏🙏🙏🙏🙏....
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Sir assessment of individual, huf, firm ki video bhi please upload krdijiye 14 March exam h sir
Bola tha phle se pdhna start kr de...tb to coaching bunk maar Rahi thi lo abb bhugto!!😂
Sir University of kota ye sari video sufficient rhegi ho jayega chpter cover
Depends on your university syllabus...but almost har chapter mil jayega... remaining chapters will be uploaded soon
Sir can uh please provide important chapters and important question on income tax for bcom 6 sem exam our exam will b 1 may
It depends upon your university syllabus and PYQ's
What is the difference between business and proffession
In Business you either exchange goods or services or both for profit but in profession there is exchange of services only.. also business is risky but prof isn't. In profession you use your specialised knowledge or skill but business doesn't necessarily require any of these. Lastly in business we have profit or losses but in profession we have receipts and payments and profit is called as surplus.
Apart from these u can find many more difference on net.
Sir income from other sources chapter
It will be uploaded shortly 👍
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🙂🙂💫
Thanku sir for explaining
Welcome 💫