161. Taxation of Casual Income like Lottery Winning, Horse Races etc. & Interest on Securities

[@StudyAtHome]

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[@Study_with_me2104]

Not just accounting sir, aap jitne examples krate hain har ek concept ke baad vaise koi bhi nai karata....in depth clarity mil jati hai aapke lectures se😊

[@StudyAtHome]

Glad to hear my lectures are helping you out!👍

[@chetanagrawal7283]

Sir the depth of the concept you are providing to us,I am 100% confident that a paid coaching teacher does not provide this indepth knowledge. Really love your teaching style❤❤

[@tusharrajput9149]

Yes sir bahut mja aata hai aap jis trike se pdhate hai , awesome 😎 sir

[@StudyAtHome]

I am thrilled to hear that you enjoy my teaching style! Keep watching!😊

[@yashhh933]

Your extra efforts to make us understand everything are truly helpfull to us🙏

[@StudyAtHome]

I am really happy to know that it was helpul😊

[@chauhanayush654]

sir sare concepts clear ho jaate hain apke itne deep explanation se maarte dam tak nhi bhool sakta koi apke dialogues ki wajah se thank you sir

[@StudyAtHome]

I'm glad to hear that the concepts are sticking with you! My goal is to make sure you understand and remember everything deeply.

[@pavank5497]

100 % Conceptual Clarity.. Specially those varied examples and accounting treatment you show , it build our analytical skills also... Thank you sir 🙏🙏🙏

[@StudyAtHome]

Happy to hear it's helping. Keep learning! 👍🏻

[@ankitjha2]

35:25 Sir in : 1) AY 2024-25 Nil Taxable as Method of Accounting is Cash Basis 2) AY 2025-26 ₹1,000 taxable as Interest Income.

[@rush003]

sir, i really am very grateful to you, for giving all the detailed explanations, income tax has never made this sense for me when i was taking other so called best faculty's classes from my city and i really find the explanations more than helpful, thank you sooo much sir you are the best!!

[@StudyAtHome]

Thank you so much for your heartfelt message!

[@zoyakhan29]

14:00 yes sir. Due to these accounting it's very easy to understand.

[@StudyAtHome]

I'm glad to hear that these concepts are becoming easier to understand for you!

[@muskanaggarwal5402]

It helps alot sir, that'swhy we are watching your videos from starting to end.

[@ShivamJha-pu8tv]

Great lecture sir and your accounting between the lecture really helps a lot .

[@StudyAtHome]

Thanks for the encouragement

[@ameetopiwala7255]

14:00 Yes sir aap jo examples dete ho and all the accounting really helps us in understanding the concept very properly 😊 Thank you sir😊

[@ASHUTOSHKUMAR-ro1eq]

han sir accha hai aap accounting treatment bhi bata dete hain, to ham aur bhi confident ho jaate hain... Thanks Sir for your tremendous efforts 🙏🙏

[@spiritualbrahmad]

Yess sir it's very high level of knowledge provide by you that increasing interest in Income Tax Thanks you sir ❤❤❤❤

[@attractive4571]

Yes, sir accounting treatment se or bhi boht acche se smjh aate hai.... Or Saare examples jo bhi aap dete ho vo acche se smjh aate h

[@StudyAtHome]

Aapke feedback se bahut prerna milti hai! Aise hi padhte rahiye aur seekhte rahiye!😊🙌

[@nripendraku]

13:58 इस तरह के presentation से concept को समझने में बहुत आसानी होती है सर दिमाग पे बिलकुल जोर नही पड़ता है सर thankyou so much for for your teaching of this way sir ❤😊

[@StudyAtHome]

You're welcome! I'm glad to hear that you found the presentation helpful and easy to understand. Happy learning! 😊

[@Amitkumar-vl3dn]

yes sir account format mein sabkuch crystal clear ho jata hai.

[@prachikhetal3210]

Thankyou sir for supporting your explanation with accounting treatment, it really helps in understanding the entire concept deeply🌻

[@StudyAtHome]

I’m glad it helps! 😊

[@muskanjindal6676]

yes sir, accounting treatment se concept crystal clear ho jata h.....thanku sir for providing us these quality lectures

[@StudyAtHome]

Glad to know that! You're most welcome!

[@chiragmalpani596]

Yes sir clarity is superb when you are teaching through accounting ❤❤

[@StudyAtHome]

Glad to know that!

[@38nehasarkar65]

14:24 Yes sir keep doing such 👍it helps me alot

[@gautam11110]

Yes sir bd jati hai conceptual clarity

[@StudyAtHome]

Great. Keep Learning

[@sachinbaghel1015]

yes sir crystal clear clarity

[@ameetopiwala7255]

Thank you sir for the wonderful lecture😊

[@spiritualbrahmad]

36:59 I am not paused the video bz i am seeing payt date then i realized something mistakes in questions... Its only possible with your teaching style jiiii .... Thank you sir ❤❤❤❤

[@spiritualbrahmad]

Taxable Period bhi galati se mistake likha gya .. Lagta hai sir ji ko ham log ka phobia lag gya galati se mistake karne ka

[@sirishasiri4680]

sir, the concept was crystal clear.

[@StudyAtHome]

Happy to know that!😊

[@shivanilohote3763]

14:09 yes sir... thank you for concept clarity

[@StudyAtHome]

You're welcome!

[@mr_ace.07]

really sir with your face grooming & new hairstyle😅 you're looking very cute & Your teaching style is also groomed to next level , just recently watched your #deemed dividend lect. & now comparing with your all newly recorded lects. your enthusiasm & body language is just unbeatable !!! just one thing to say your efforts are invaluable 🙏 respect from bottom of my heart 😇

[@ankitjha2]

Thank you sir 🙌 Today's class was very interesting Specially Interest Income calculation...☺️

[@StudyAtHome]

You're most welcome! Glad you liked it 😄🙌

[@sanikayadav6563]

Yes sir clear hota hai sab accounts banane se💯👍 thank you so much

[@StudyAtHome]

Most welcome! 😊🙌

[@dhiraj5951]

Yes Sir Clarity Horaha he Thank u sirji

[@StudyAtHome]

Glad to hear that! You're welcome!

[@pranavsingh5572]

thank you sir

[@ashokrana7308]

Thank You Sir Ji Ji Sir Ji concept fully clear with Examples.

[@StudyAtHome]

Most welcome!😊

[@ShivaniSharma-tg8mp]

Amazing lecture sir 😊

[@StudyAtHome]

Thanks

[@nripendraku]

50:35 no confusion sir this prectical in market ❤😊

[@rush003]

ay 24-25 nil ay 25-26 - 1000 it was correct thanks to you sir!!

[@varshapriyankaravivenkates7296]

How it is nil pls explain

[@rush003]

@@varshapriyankaravivenkates7296 bc it is cash basis, and the payment was received on 4th april 2024, which is py 2024-25 (ay 25-26)and we have not received anything in py 23-24(thus it is nil in ay 24-25)

[@ankitjha2]

36:57 Sir Correct kr lia tha maine Jan to 3rd April ✅

[@Suraj.Yadav.584]

101% clear sir 😊

[@StudyAtHome]

Glad to know that!

[@Amitkumar-vl3dn]

sir subha se zayda maza abhi k class mein aaya

[@priyanshuguptakartavyabatc2334]

35:40 ex ka answer hai Interest income:- 1000[(10×1000)×10%] AY 24-25 :- interest income is nil because interest paid on 3rd Jan AY 25-26 :- interest income is 1000 because company follow cash basis accounting and Mr.X receive interest on Jan 3rd 25

[@priyanshuguptakartavyabatc2334]

Right sir ji but my reason is wrong 😅

[@Amitkumar-vl3dn]

35:25 AY 2024-25, Interest income - nil. AY 2025-26, interest income - 1000

[@Amitkumar-vl3dn]

got it correct, at first i thought u tricked us by writing 3rd jan. but soon i realized it wasn't trick.

[@StudyAtHome]

Good!

[@jharagini3862]

35:45 AY 2024- 25 Nil AY 2025-26 Interest Income 1000 As per cash basis (Sir aap kahe the interest paid me 3 di baad To maine 3 april maan liya hai)

[@jharagini3862]

Right

[@pranavsingh5572]

babut zyada helpful hai

[@rush003]

thank you sir!!!

[@StudyAtHome]

Most welcome!

[@Navodianradhika]

Thankyou sir 😊

[@CMBABDULAHAD]

Thank you sir ❤

[@StudyAtHome]

You're welcome! 😊

[@nripendraku]

5:26 Right sir ❤😊

[@dinkydewangan7107]

Bhut helpful hai sir 🙏

[@StudyAtHome]

Glad to know that! 🙌

[@nripendraku]

13:58 yes sir you are right ❤😊

[@SurajSingh-oj9hn]

Yes Sir

[@smileplz1334]

14:00 yes. its helps to us a lot

[@StudyAtHome]

Glad to know that!

[@user-hayat_rampuri]

video 160 m ap kafi thake thake lg rhe the ...

[@nripendraku]

37:05 interest income= (1000x10)x10%=1000 Paid on 3rd of April 2024 Therefore internet income of assessment year 2024-25=Nil Because accounting method is cash basis And internet income of assessment year 2025-26=1000

[@nripendraku]

39:23 My answer is correct sir sir thankyou so much sir ❤😊

[@StudyAtHome]

Very Good!

[@theboys1210]

Respected Sir, In 58:00 the question of having 4 record date , mine answer is coming ₹4,166.6 as assessee had holded debentures for 2 month i.e. from 1 st aug to 30th sep, then again for 3 months from oct to December, I think total holding period is 5 months from 1st aug to December( not including last record date as payment of interest is in next P.Y. in receipt basis accounting) and not 6 months . I guess you wrote 31st july in place of 30th June in question and debentures were purchased in 1july itself.

[@theboys1210]

please reply ,if I forgot something....

[@StudyAtHome]

Yes, you are absolutely right.

[@lucknowrailerjalaj3065]

35:25 AY 2025 -25 Nill AY 25-26 1000 Interest income

[@nripendraku]

2:09 Good morning sir ❤😊

[@StudyAtHome]

Good Morning! 😊🙌

[@R4clips-ir4yx]

Yes

[@nripendraku]

43:36 Right sir ❤

[@priyankakataria3773]

Yes sir

[@kajalchaudhary1070]

Thank u sir❤❤❤

[@StudyAtHome]

Welcome ❤

[@nripendraku]

27:23 Right sir ❤😊

[@nripendraku]

14:24 yes sir ❤😊

[@nripendraku]

50:25 yes sir ❤😊

[@gireeshkumarsahu1233]

ex-2 interst income of 1000 rupees is taxable in a.y. 25-26.

[@nripendraku]

1:03:29 Right sir ❤😊

[@Why_only_Atul]

Apki gst ki playlist cma june 2024 ke liye applicable h kya?

[@StudyAtHome]

Yes!

[@MoFaizan792]

Sir casual income pe surcharge lagega kya

[@itsme-sneha]

Example 2 ₹1000 interest Py 24-25

[@nripendraku]

54:36 Right sir ❤😊

[@gireeshkumarsahu1233]

sirji aapne pichle ios ke video me bola tha ki jockey race organiser ka hota h, but ab aap bolrhe h ki voh studd farmer ka hota hai????kindly clarify..

[@R4clips-ir4yx]

Exp 3 ma rebate 87a to mila 15000 ka ?19:56

[@ClassicTablet]

15000 ka rebate milga

[@BILOOBADSHAH-xc8fd]

Sir apki GST ki classes CMA INTER JUNE 24 wlo.k liye applicable h kya ?

[@StudyAtHome]

Yes!

[@nripendraku]

1:07:02 yes sir ❤😊

[@sanyeuhsah]

Sir aapne yhn do do prices ku likhe huye h

[@sanyeuhsah]

Sir bond washing transaction me sirf tax debenture holder ke hth me taxable hoga ya fr income bhi usi ko mil jyegi

[@StudyAtHome]

Sirf tax

[@Escape-k1v]

53:27 agar ye Accrual basis pe hota to kya July ka lete? Kyuki due date pr to ab bhi mere pass nhi hai 🤔

[@SHABNAMAKHTER-ln2oe]

Thanks sir g......

[@StudyAtHome]

Welcome!

[@Sigma_boy848]

13:59. Ha sir 💝

[@Student_._.]

ay 24-25 interest nil as cash basis Ay 25-26 interest 1000

[@StudyAtHome]

👍

[@jashanpreet7473]

19:50 sir i tried to compute the complete tax liability for this problem from where you left And rebate us 87A is allowed from u/s111A if income does not exceed ₹ 7 lakhs So if we had continued the problem then rebate of ₹15000 shall be allowed. Please correct me if i am wrong sir.

[@Casg419]

Yes rebate allowed hoga sor bhul gye honge

[@MoFaizan792]

Sir jo unsold vo exp tarike dikha sakte hai kya for seek of knowledge only 😅

[@deepakvishwakarma3730]

13:57 yes sir

[@shaikhtahir14]

Sir example 3 LTCG (STT PAID) me 1 lac ki deduction milti hai 19:20. ??

[@StudyAtHome]

Yes

[@ShikhaSoni-bi9ek]

Sir rebate sari special income except LTCG 112A me allowed hogi na ya phir sare special income me disallowed hai😢

[@nripendraku]

35:54 may be date of interest paid and period is incorrect sir kindly help sir ❤😊

[@akashkamath77]

Sir can we set off any loss against casual incomes. Is there any restrictions

[@StudyAtHome]

No you can't set off

[@akashkamath77]

Thank you Sir ♥️

[@the_ohmsview]

36.16. 3,500 answer

[@girishbasrani6475]

Sir casual income pe rebate u/s 87A milti hn 15:25

[@ClassicTablet]

Sir, lottery income if above 1 cr ..kya uspe bhi surcharge lagega

[@StudyAtHome]

Yes lagega

[@BILOOBADSHAH-xc8fd]

Sir ji agr before due date assesse ki death. Ho jaye to , income kiske sath m jayegi or taxable hogi ??

[@StudyAtHome]

Jo legal heir hoga- wife or son

[@lucknowrailerjalaj3065]

Sir one question youtube ki income kaha taxable hoti hai

[@StudyAtHome]

If KZbin is full-time then it will go under PGBP and if part-time then it will go into IOS.

[@lucknowrailerjalaj3065]

Sir hmlog debentures ko stock exchange pr kaise track krte hai Please sir tell this also ❤😊😊 Kyuki bahut confusing ho jata

[@StudyAtHome]

Similarly like equity share but it should be listed.

[@alisha___unfiltered]

sir is this applicable for cs december 24?

[@StudyAtHome]

Yes! 💯

[@ameetopiwala7255]

35:54 Interest 1000 Taxable in AY 25-26

[@ameetopiwala7255]

Correct answer sir Yes sir 3 April hi liya tha

[@VishalShrimal-xe6hd]

Sir EX.3 m rebate bhul gaye aap shayad ? Correct me if I am wrong

[@rdxbihari1779]

FOR AY 2024-25 NO INTREST INCOME FOR AY2025-26 1000/- INTREST INCOME

[@Kumar-ce2hg]

Ha sir accounting bhi kro kbhi kbhi

[@StudyAtHome]

I'm touched by your request, but offering more subjects for free on KZbin is currently beyond our capacity as we put in a lot of resources and effort to create the lectures but don't get disheartened! All the courses are available on our website www.studyathome.org at nominal cost. Thank you for understanding and keep enjoying free Income Tax & GST lectures!

[@Suraj.Yadav.584]

Interest 1000. On 3/4/2024

[@LICBABA-k8y]

❤🎉❤🎉

[@StudyAtHome]

😊🙌