With this video, I tend to help those people who have a habit of taking a car loan without even assessing if taking some other loan instead could save them some of their hard earned money. Hope that the discussion made you learn something new today ❤
Hello sir, can you also make a video on education loan, I know that your main motive behind these videos is to educate but a video on how to take education loan at least interest will help many.
Query 1 : Should FD already be there with a bank which the family member will have to close? Query 2 : In this case we are sort of taking loan from the family member, so, at the time of claiming the interest deduction how will we show that the loan has been taken from my father? Any documentation to be done for that?
This is exactly what CA students study in CA Inter FM subject in the name of Capital Budgeting. Sir this is a very good application of the book knowledge, I never thought it from this perspective Also now I can relate what one of my tutors told us in class It was to interlink the subjects and think on a broader perspective This video combined both taxation and Financial management subjects Very nice explanation sir
I am an engineer yet I have an interest in finance therefore I love watching informative content like this. As inflation is soaring high and affordability of houses slipping out of hand, can you make a video on how it can be easy/affordable for middle class people to buy a house?
@@Shabaazs yes brother I know. Just like Sahil sir explained how to buy a car using tax laws in the same manner I want to know how can we buy houses cheaper by using laws.
I am engineer but very easily can understand your videos which are explained in nice lucid manner. Kindly share videos on some more fundamental concepts such as insurance, costing etc
For whom there is the tax of 40%? I believe in India highest tax slab is 30% and 4% of cess which makes it ~32%. On paper the concept looks good but in practical life it mostly does not work. It is hardly possible that I have so many expanse at the same time. Also, one major thing is missing is the tenure of the loan which also makes a lot of difference. Also, if numbers and figures were taken practical it would have given more clarity.
Individuals who have an Income of Rs5 crore or more need to pay a 37% surcharge, so the effective tax rate would be 30+37%+4% cess which amounts to 42.744%
Sry to say sir with the due respect Im passing this statement.Sir ur doing professional injustice with CS and cma students by not teaching taxation to them we really need a kohinoor like u in the respective profession. Pls consider it sir 😭
Very kind of you to say something like that. I’ve been trying hard to launch a course for you guys as well but haven’t really been able to create the modules as of now. I’d rather delay the launch than start teaching in a sub-standard way which does injustice to the faith that you all put in me.
Very precise and informative vedio as always 🤎💣.....To the point and can be easily understood ......sir i just want to ask you if you could suggest whether india or abroad is better if we want to persue a white collar job in finance in repect of:-1.job position 2.Personal growth 3.Salary packages 4.Job security and demand I am in 12th and have opted commerce stream and cant decide which is a better place to study as i feel it has become a trend for higher studies in abroad though in no way i am against it ....so i also want to decide whether i should study in india and move abroad later on or just after 12th finance based career will be much better in canada or any foreign country (considering that doing mba or whatever course it is from top tier college in india itself)😅⚠️
Sir lekin mein car ke liye home loan leta hoon to bank vale to direct developer ke account mein loan amount disburse kar dete hain ye hamare paas nahi dete
SEEDHI baat no bakwas , sir you always talk to the point . I have been listening to you for past two years. I am from non- finance background. You’re examples are apt. That’s why “Seedhi baat no bakwas SAHILSIR CLEAR HAI “ 😊
Sir video ka title thoda or badhiya ho skta tha . I mean .. ki khch fortuner ya fir thar wagera koi car ka name use kr sakte thy aap. To jayda sahi rahta 😁😁
Buy car in name of business 1) Can business can claim interest paid on car loan and depreciation on car both 2) if business is of travel agency can it also claim ITC input on car
Your technique sounds good theoretically but, impossible and impractical in real world implementation. Because the Bank will only disburse the funds to the Builder or Dealer in case of Home Loan or Car loan respectively, not in your account. Moreover, even if you manage to get the funds in your account, there is a clause in the agreement you need to sign before getting the funds which says you will only use the funds for the mentioned cause. There could be implications if you misuse the funds. Don't think the Bank is fool, they know these loopholes already.
You’re misinterpreting what I’ve said. Nowhere have I said to use the Loan take for a purpose towards something else. I’ve said that take the loan which has least effective rate and use it for that very purpose for which you took the loan. Use your savings to meet the other expenses. Hope I’ve cleared the confusion.
@taxationwithsahiljain You are saying take the loan with least effective rate. But that is highly conditional rt? What if I have dont have to buy ev or commercial vehicle- then ur 3% car loan thumbnail has no meaning. It was just a clickbait for me.
Hello, Could you please make a video on how Esops are taxed. A salaried person who is in 30% tax slab, how taxation is calculated. Do he only need to pay capital gain OR does he also need to pay 30% tax on this also.
Is collage fee and interest paid on college fee deductable under tax under pgbp is he taking about 80c as sec 37 doesn't show college fees as deduction
If a person is a government employee and tax deducted every month from his salary, then how to save tax on buying car for his personal use, is there any way to save tax for buying a car ??
Ok, can NRIs avail tax benefits? From what I noticed, tax benefits are claimed on income tax. But I don't work in India. So, how would this work for me?
Sahil Ji. Have been on ur videos & channel since time now. Am service rendering person since last 22 years. Can u educate us on types of fringe benefits that company can pay us so that our taxable component comes down and salary take home increases. Our CTC is good, but take home is less - primarily due to no fringe benefits & other due to performance bonus attached. I remember i used to claim drivers salary & petrol expenses years back. Pls suggest / guide whereby minimum evidences/ exhibitions are required for availing fringe benefits. Thsnk you Sahil. Keeping rolling more content
Sir what if, some one income is tax free due to his NRE status? Kindly explain how he can effectively purchase fortuner on lowest loan rate with 30% of onroad price - TCS - depreciation
Sir in case of loan from relative if we take loan from relative at a rate less than prevailing in market then it would be disallowed u/s 40(A)(2) na? Correct me if I am wrong
Please please let us know, is there anything literally anything that is in FAVOUR to a SALARIED Employee :'D Everything seems to be working for Business person, and we very well know the usage of resources in name of business :)
I already took money from my mother, how can I show that as a loan and it's her saving from agriculture so, I or she need to pay TDS on interest that i pay her
I am proprietor of a firm and I am selling products online and supplying goods to government organisations which is gst registered, and sometimes I am not purchasing product from registered vendor. While I am paying complete tax to the government. I think I am doing correct... Please clarify if is there is something wrong, or is there any limits for making sales without purchasing.
I have a doubt. Suppose I need only car loan and nothing else. Now suppose home loans are cheaper than car loan. But why would the bank give me home loan when I need a car? Is it even possible?
isn't a car used for business a commercial vehicle? doesn't it require a yellow number plate? don't commercial vehicles have their own charges and taxes?
Im a dentist.run private practice. Going to buy fortuner..can u kindky guide me how can i save tax in car loan or can i show this car to be used in business and get benefit from taxation law?
With this video, I tend to help those people who have a habit of taking a car loan without even assessing if taking some other loan instead could save them some of their hard earned money. Hope that the discussion made you learn something new today ❤
Hello sir, can you also make a video on education loan, I know that your main motive behind these videos is to educate but a video on how to take education loan at least interest will help many.
Sir please make a video on what all expenses can be 100% deductible in businesses, for i.e travel,furniture etc
Sir where is the English version of this vedio...
I am a grade 4 central government employees and I want to take a car loan
So can I apply these method Sir please help
Query 1 : Should FD already be there with a bank which the family member will have to close?
Query 2 : In this case we are sort of taking loan from the family member, so, at the time of claiming the interest deduction how will we show that the loan has been taken from my father? Any documentation to be done for that?
This is exactly what CA students study in CA Inter FM subject in the name of Capital Budgeting.
Sir this is a very good application of the book knowledge, I never thought it from this perspective
Also now I can relate what one of my tutors told us in class
It was to interlink the subjects and think on a broader perspective
This video combined both taxation and Financial management subjects
Very nice explanation sir
Bro I don't understand isme FM ka konsa point aaya
@@dharmangpatel9797 interest tax shield wala concept
@@dharmangpatel9797 interest tax shield wala concept
@@dharmangpatel9797 also arbitrage
FM pe konsa channel lagawo.
.
.
Mazak tha yaar 😂
Hands down, You are the Best Professor one can have!
I am an engineer yet I have an interest in finance therefore I love watching informative content like this. As inflation is soaring high and affordability of houses slipping out of hand, can you make a video on how it can be easy/affordable for middle class people to buy a house?
It's getting out of our reach as salaried class pay 20-30% tax. Add to that GST on expenses, after that hardly any money for EMI.
@@deekshantbelwal1269 true bro. I don't know if Sir. Sahil Jain has seen this comment or not but I hope he makes a video about buying homes.
Just rent and buy when you have the money to pay in full. It's not permissible to indulge in interest based loans.
@@Shabaazs yes brother I know. Just like Sahil sir explained how to buy a car using tax laws in the same manner I want to know how can we buy houses cheaper by using laws.
by leaving india and working in abroad.
Itni information toh Hamara CA nahi deta. Jitna aap se sikhne ko milta hai.
I am engineer but very easily can understand your videos which are explained in nice lucid manner. Kindly share videos on some more fundamental concepts such as insurance, costing etc
Sir,
I am a Science student but I love watching your videos.
For whom there is the tax of 40%? I believe in India highest tax slab is 30% and 4% of cess which makes it ~32%.
On paper the concept looks good but in practical life it mostly does not work. It is hardly possible that I have so many expanse at the same time.
Also, one major thing is missing is the tenure of the loan which also makes a lot of difference.
Also, if numbers and figures were taken practical it would have given more clarity.
Individuals who have an Income of Rs5 crore or more need to pay a 37% surcharge, so the effective tax rate would be 30+37%+4% cess which amounts to 42.744%
Sry to say sir with the due respect Im passing this statement.Sir ur doing professional injustice with CS and cma students by not teaching taxation to them we really need a kohinoor like u in the respective profession.
Pls consider it sir 😭
Very kind of you to say something like that. I’ve been trying hard to launch a course for you guys as well but haven’t really been able to create the modules as of now.
I’d rather delay the launch than start teaching in a sub-standard way which does injustice to the faith that you all put in me.
@@TaxationWithCASahilJain sir pls make a case study on Vivo's tax evasion matter.
sir yeh process car ke jagah superbike pe apply kar sakte hai ky🤔
Pvt. Ltd. Company ke liye relative se loan bahi le sakte, only pripertership, PARTNERSHIP FIRM
This was one pf the best video i ever watched
Very precise and informative vedio as always 🤎💣.....To the point and can be easily understood ......sir i just want to ask you if you could suggest whether india or abroad is better if we want to persue a white collar job in finance in repect of:-1.job position
2.Personal growth
3.Salary packages
4.Job security and demand
I am in 12th and have opted commerce stream and cant decide which is a better place to study as i feel it has become a trend for higher studies in abroad though in no way i am against it ....so i also want to decide whether i should study in india and move abroad later on or just after 12th finance based career will be much better in canada or any foreign country (considering that doing mba or whatever course it is from top tier college in india itself)😅⚠️
Sir, Can you please add english subtitles
Love from Kerala❤❤
It'll be helpful for South Indian followers
Cibil score Nai maintain hoga na agar family memeber sey liya tho
SIR WAREHOUSE LOAN INTEREST KO KESE TAXATION LAW SE KAM KIA JA SAKTA HAI .. PLEASE BATAIYE.
Respected sir,
Need more videos from you regarding same content ( Direct and Indirect Tax )
english👌
First of all love your videos sir
It would be helpfull if you make a detailed video on CA new course.
😄😄😄
Sir lekin mein car ke liye home loan leta hoon to bank vale to direct developer ke account mein loan amount disburse kar dete hain ye hamare paas nahi dete
Han Ji Sir!! GOOD Evening 🌻🌻🌻
excellent knowledge sahil sir ... thanks
Sir yeh kon kon kar skta hai gst pat kare woa ya yeh bhi aap video me batawo ki kon kon se log apply kar skte hai thanks sir
Learn something new.
Thank you ❤
Awesome explanation in simple words, yet practical
Sir kcc add kr dete kyuki sbse km int. Pr loan milta hai
SEEDHI baat no bakwas , sir you always talk to the point . I have been listening to you for past two years. I am from non- finance background. You’re examples are apt. That’s why “Seedhi baat no bakwas SAHILSIR CLEAR HAI “ 😊
Sir video ka title thoda or badhiya ho skta tha .
I mean .. ki khch fortuner ya fir thar wagera koi car ka name use kr sakte thy aap.
To jayda sahi rahta 😁😁
Boss. FD is simple interest. Loans are compound interest.. Big big difference in interest costs.
I mean to say that there is a very large difference in taking from family member and loan from bank. Can't compare as you did in the end..
Sir Sec 44ada ke andar assessee he toh woh Interest on car loan ko claim kar sakta he ?
This guy is the best🔥
I just love your videos Sahil sir..............
Sir how a pensioner can take loan for vehicle purchase or housing loan,,, please elaborate
But New tax regime maine ye sab applicable nahi hoga na?
Thank you sir for these quality videos.
Hi Sir.
Agar Videshi se camper moter home Lena chahte hai to Kitna tax pay Krna padega
Sir please make a video on Tax implementation of TH-camrs, please sir please
I've heard they pay about 40% IT
I don't know mujhe reply milega ya nhi but mera question h ki meri last month ki sale 130000 hai to kya me gst nil bhar sakta hu?
Buy car in name of business
1) Can business can claim interest paid on car loan and depreciation on car both
2) if business is of travel agency can it also claim ITC input on car
sir meri sale 130000/- ki to kya me nil gst fil kar sakti hu? please reply
Haa ji have different fan base..
Sir SCSS ME TDS Cuta He, But 26AS Me Show Nahi Ho Raha...Bank 16A Form Provied Nahi Kar RAha He... Kya Karu...
How these tax deduction is applied per year means how to calculate for per year?
How can a Government employee take tax benefit on purchase of a car. Please elaborate this if it is possible. Regards
Just an another awesome clip
expenses ka loan hum le to kis tara consider Kiya Jaye expenses
yearly or 2 years or more?
sir can i invest in tesla sip
Section 36(1)iii - can u take loan from anyone like family members or friends for business purpose and that is deductible ?
Agar post mai fd ho to fir ?
Very valuable information.
Education loan kaun le sakta hai bachon ke liye bhi le sakte Hain kya kids
Your technique sounds good theoretically but, impossible and impractical in real world implementation. Because the Bank will only disburse the funds to the Builder or Dealer in case of Home Loan or Car loan respectively, not in your account. Moreover, even if you manage to get the funds in your account, there is a clause in the agreement you need to sign before getting the funds which says you will only use the funds for the mentioned cause. There could be implications if you misuse the funds. Don't think the Bank is fool, they know these loopholes already.
You’re misinterpreting what I’ve said. Nowhere have I said to use the Loan take for a purpose towards something else.
I’ve said that take the loan which has least effective rate and use it for that very purpose for which you took the loan.
Use your savings to meet the other expenses. Hope I’ve cleared the confusion.
Housing loan are given on plots also by the way of construction .
His videos should not be recommended to science students 😒. Seriously u ruined all his hard work.
He didn't say it.
@taxationwithsahiljain
You are saying take the loan with least effective rate.
But that is highly conditional rt? What if I have dont have to buy ev or commercial vehicle- then ur 3% car loan thumbnail has no meaning. It was just a clickbait for me.
Sir please make a separate video on CS
On any topics
This is hypothetical situation. A person is not going to go buy car house and education at same time. At one time he will be involve in one scenario.
Sir ager FD agar 1lakh ki hui per loan ki requirement 10lakh ki hui toh hum ye trick nhi ker pyenge nn
Hi sahil please create on a video on company lease car for corporate employees… how leasing works and can employees retain the car post lease period ?
Thanks for making these videos
To my recollection 80ee and eea are for original construction not for renovation.
Renovation gets covered under 24(b)
Sir, can we save import duty tax on cars. If yes then how please make a seperate video on it.
Hello, Could you please make a video on how Esops are taxed. A salaried person who is in 30% tax slab, how taxation is calculated. Do he only need to pay capital gain OR does he also need to pay 30% tax on this also.
Is collage fee and interest paid on college fee deductable under tax under pgbp is he taking about 80c as sec 37 doesn't show college fees as deduction
If a person is a government employee and tax deducted every month from his salary, then how to save tax on buying car for his personal use, is there any way to save tax for buying a car ??
Suppose i take home loan from bank, can i use the amt received for home loan in the business?
Ok, can NRIs avail tax benefits?
From what I noticed, tax benefits are claimed on income tax.
But I don't work in India. So, how would this work for me?
Sahi sir Give your valuable thoughts on the new CA course eagerly waiting for that !!
Sahil Ji. Have been on ur videos & channel since time now.
Am service rendering person since last 22 years.
Can u educate us on types of fringe benefits that company can pay us so that our taxable component comes down and salary take home increases.
Our CTC is good, but take home is less - primarily due to no fringe benefits & other due to performance bonus attached.
I remember i used to claim drivers salary & petrol expenses years back.
Pls suggest / guide whereby minimum evidences/ exhibitions are required for availing fringe benefits.
Thsnk you Sahil. Keeping rolling more content
Salaried person taking EV loan - the benefit over usual 1.5 lack or within?
Sir, I have providing cab rental services @5% on gst for body corporate. I want to know can I claim full itc on purchase of car for same purpose.
Sir what if, some one income is tax free due to his NRE status? Kindly explain how he can effectively purchase fortuner on lowest loan rate with 30% of onroad price - TCS - depreciation
Great teacher
Sir in case of loan from relative if we take loan from relative at a rate less than prevailing in market then it would be disallowed u/s 40(A)(2) na?
Correct me if I am wrong
Sir petrol car par kam rate pe loan kaise le?
Hello sir please also make a video on investing pls
Please please let us know, is there anything literally anything that is in FAVOUR to a SALARIED Employee :'D
Everything seems to be working for Business person, and we very well know the usage of resources in name of business :)
Everything that I’ve covered in the video before that FD discussion applies to Salaried Employees too.
I already took money from my mother, how can I show that as a loan and it's her saving from agriculture so, I or she need to pay TDS on interest that i pay her
Sir, mai ek student hun, business karna chahta hun, toh kya loan le sakta hun? mera koi earning nahi hai abhi.
So, there is no way of Saving on Car Loan if you are employed and not buying an Electric Car... 😐
I am proprietor of a firm and I am selling products online and supplying goods to government organisations which is gst registered, and sometimes I am not purchasing product from registered vendor. While I am paying complete tax to the government. I think I am doing correct...
Please clarify if is there is something wrong, or is there any limits for making sales without purchasing.
electric car 🚙 mehngi hi itni hai ki jitna bach bhi nhi raha hai usase jyda Pehle hi pay kar denge car k liye बाकी 2 option सही है
I have a doubt. Suppose I need only car loan and nothing else. Now suppose home loans are cheaper than car loan. But why would the bank give me home loan when I need a car? Is it even possible?
Bhai kya ye govt job wale bhi use kr skte hai kya
Actually i didnt get the last point of the FD between father and son.
Sir purana video show nahi karnaa ( delete hogya)
Can a company claim both depreciation and 80EEB on purchase of electric vehicles ? If No, what is better, claiming depreciation or 80EEB ?
What color of your lambo
Thank you sir! :-)
@Sahil, If you could make videos in English, It would be really helpful.
I'm a center government employees i want to take a car loan so do you have any advice for the low interest rate Sir
Can you make a video about how to give to charity through your company?
Does the government give any benefits?
Haji good evening has separate fan base sir
, 😂truth
Is there an IT section for claiming benefits on car loan for salaried employees considering it's not an electric vehicle?
No
Sir online gambling profile pe tax saving kaise kare please make video on it
Is 80eeb still in force
isn't a car used for business a commercial vehicle? doesn't it require a yellow number plate? don't commercial vehicles have their own charges and taxes?
No deduction on car is allowed to every one irrespective of their source of income.
No deduction is allowed on any type of car , even not for bs.
Can you please add subtitle in English
Sir make vedio on ca vs cfa (please this vedio help me alote)
Bottom-line after watching all the videos so far is that "start a business".
For sure your analysis are in-depth and so practical
Im a dentist.run private practice. Going to buy fortuner..can u kindky guide me how can i save tax in car loan or can i show this car to be used in business and get benefit from taxation law?
Salaried personal ke lite has tax hi tax hai 😢
Thanks sir very goods