Revision | Final DT MAY/NOV-24 | PGBP | PART - 4

[@nitin3288]

00:02 Revising important topic PGBP for calculating total income 02:00 Export subsidies and other income taxable under PGBP head 05:50 Speculative business losses are excluded from the fourth assessment year 07:36 Bank guarantee and taxation under PGBP 11:45 Depreciation can be claimed by the tenant on deemed building and in cases of lease or hire purchase. 13:36 Depreciation ownership explained 17:35 Understanding the rate of depreciation 19:24 Depreciation rates for different assets 22:57 Depreciation can be calculated using Individual Asset System or Block of Assets System 24:43 Tracking block of assets under income tax system 28:03 Depreciation rules for assets used for less than 180 days 29:42 Depreciation bifurcation and capital gains 33:05 Block in Tax Can Be but Never Be 34:47 Understanding short term capital gains and additional depreciation 38:04 Understanding Input Tax Credit (ITC) and Capitalization of Interest on Loans for Assets 39:37 Understanding the implications of receiving more than Rs 10,000 in cash. 42:46 Understanding actual cost and depreciation on higher value assets 44:28 Determining the actual cost of a building used for business 47:38 Depreciation calculation in business and agriculture 49:18 Terminal Depreciation and Balancing Charge in PGBP 52:35 Subsidy available for asset-related expenses 54:21 Income deduction and deposit with NABARD for PGBP 57:55 You can buy computers as an exception in office equipment. 59:42 Deduction reversal and PGBP income 1:03:00 100% deduction available for capital expenditure and in-house research 1:04:35 Deduction available on capital expenditure except land 1:07:59 Donation deductions and approval process explained 1:09:41 Donating to universities and tax implications 1:13:30 Amortization of sold license and deduction under section 35ABA/35ABB 1:15:00 Deduction under section 35 CCC and 35 CCD for agriculture extension and skill development projects 1:18:21 Understanding and deduction of preliminary expenses for Indian companies 1:19:57 Avoid including security premium, reserves, and surplus according to Supreme Court judgement 1:23:12 Deduction for expenses related to the operation of prospecting and development of mines or quarry 1:24:56 Deduction available on specified businesses under section 35AD 1:28:28 Deduction on capital expenditure in PGBP 1:30:06 Deductions on specified business for two-star and above hotels 1:33:15 Depreciation and transfer rules for specified and non-specified business assets 1:34:49 Starting a three star hotel business and its deductions 1:37:51 Amul and insurance premium deductions 1:39:19 Conflict over bonus between company and employees 1:42:26 Amortization and Employer Contribution for Employee Benefit 1:44:01 Employer's deduction and contribution rules explained 1:47:03 Bed dates and conditions for claiming bad debts 1:48:32 Income from bed dates and its implications on taxation. 1:51:38 Understanding provisions for rural and urban branches, family planning expenses, and deductions in PGBP. 1:53:11 Tax deductions and general expenses under sections 30-37 1:56:28 Spending on CSR disallowed in income tax under PGBP 1:57:58 Deduction rules for different types of expenses 2:01:04 Pharmaceutical companies giving free seeds to doctors is not allowed 2:02:49 Understanding capital and revenue expenditures 2:06:38 Understanding finance company operations and tax implications 2:08:18 Not depositing TDS to government can disallow 100% of expenses 2:11:26 Deduction not available for state government's royalty charges 2:13:08 Employer's non-monetary tax disallowed in PL debit 2:16:15 Income from cash payment and cross checking modes of payment. 2:17:49 Cash payment rules for agricultural, forest, and poultry products 2:21:07 Expenses and allowances in tax filing. 2:22:47 Railway assets usage payment and tax implications 2:26:09 Payment due date for MSME Act filings 2:28:06 Payment timeline under Section 15 of MSME Act 2:31:15 Revenue recognition based on completion method and exceptions for service contracts 2:32:48 Understanding contract revenue and cost 2:35:56 Section 41 of PGBP talks about adjustments for previous deductions. 2:37:29 Understanding taxation on different types of loans and income sources. 2:40:46 Professional audit required for gross receipts over 50 lakhs 2:42:25 Filing income in 44AD to avoid audit and penalties 2:46:09 44 AD and 44 ADA eligibility and conditions 2:47:42 Section 44AE: Criteria for transporters with more than 10 vehicles 2:51:22 Income from PGBP is at Rs. 5 for shipping business. 2:53:10 Tax implications for foreign companies in India 2:56:23 Clubs and their tax implications explained 2:58:01 Understanding other income for those with deficiency

[@ankitarane913]

Now I'm watching a lecture for an interview. Cleared CA final in Nov 2023 attempt. Scored 51 in DT basis on revision lectures of BB sir. Feeling blessed 🙏 thank you so much sir for your valuable efforts 🙏😊 Thank

[@CS-0723]

Thank you sir for your efforts in revision lecture where you revise topic very deeply which will help a lot of students who could not afford taking regular class. ❤❤

[@journeytospirituality]

Feeling emotional......passed grp 2 this term....nov 23😊

[@pavankumararyan6407]

Valentine's Day with PGBP ❤😂

[@harshchanglani5255]

Thank you sir, commendable efforts, you made this so easy!!

[@CA_Shailya]

Thanks a lot Mr. BB . God bless you

[@user-df8ev3sp4d]

Thank you sir for this revision. The ending was really helpful. You could have ended the lecture but you chose to calm us down, thank you for this sir!

[@Satish-lg1gy]

😎 Yes People, I love this statement ❤

[@saikiran-nb7ir]

Come Fall in love with DT with BB ❤

[@Akwrs]

Maza aa gya sir apka lecture dekh kr... it's mind blowing...🎉🎉🎉🎉🎉🎉

[@yashjain782]

Aaaah this is so satisfactory, I cant explain more 🙏🙏☺️❤️

[@sunnygrewal7073]

Thanks a lot sir ❤

[@Sca9290]

The best .. Coming from the best❤

[@Itscakundan]

Thank you Sir

[@NAMRATASURVE-c2x]

Sir you are already HERO

[@aasthamehra476]

Thank you so much sir for the revision lecture and also for motivation❤🙏🏻

[@lalitagupta4992]

1st part - 53:20 (DEP) 2nd part 1:36:30 (Business)

[@itsRohitKumar_1]

Thank You So Much Sir...❤❤

[@nikulsolanki5118]

Thank you so much sir ❤❤

[@aswinvijayakumar1464]

2:50:40 44 BB

[@sonysahoo2743]

Thank you Sir....

[@CT-6545]

2:28:00 msme

[@sumeshyadav27]

Motivation 3:00:00 ❤

[@tarunjain8693]

Sir is it for cma final also

[@riyaagrawal6617]

depreciation smjh aagya

[@MichaelScott-z9o]

Thanks♥

[@rashugupta8656]

Block of assets 30:26

[@saumyatripathi9429]

BB sir is best 😁

[@sejaljain231]

Thanks alot sir

[@shashankjain819]

14:03 icds case law 2:05:30 national corporations sc

[@harshgupta4974]

Thank you sir, Last minutes were blessing you are best...❤❤❤

[@sujaybaipaditaya7416]

Vivo and Oppo... accha tha😂😂😂😂

[@castudy24]

Yes people❤

[@singhgavendra834]

Happy Diwali 😊

[@soumyajain2304]

Best❤

[@alkabansal8821]

Imp 1:50:00

[@Rainbowpandemonium]

2:25:07

[@varunupadhya6143]

2:25:00 43B Amendments

[@Trap_PB10]

DT will you be Mine valentine 😍❤️🥺

[@muskanhardutt2377]

1:15

[@nishanth1805]

Thank you sir❤

[@gauravvedwal3001]

Thanks sir

[@kushalbafna9540]

22:16 😂

[@mukulabhishek4821]

sir abhi just mera pgbp khtm hu 😁😁😁

[@RaghavYoutube-h9u]

thankyou sir

[@pavankumararyan6407]

❤

[@AVIRALGOYAL-uj3jt]

00:02 Revising important topic PGBP for calculating total income 02:00 Export subsidies and other income taxable under PGBP head 05:50 Speculative business losses are excluded from the fourth assessment year 07:36 Bank guarantee and taxation under PGBP 11:45 Depreciation can be claimed by the tenant on deemed building and in cases of lease or hire purchase. 13:36 Depreciation ownership explained 17:35 Understanding the rate of depreciation 19:24 Depreciation rates for different assets 22:57 Depreciation can be calculated using Individual Asset System or Block of Assets System 24:43 Tracking block of assets under income tax system 28:03 Depreciation rules for assets used for less than 180 days 29:42 Depreciation bifurcation and capital gains 33:05 Block in Tax Can Be but Never Be 34:47 Understanding short term capital gains and additional depreciation 38:04 Understanding Input Tax Credit (ITC) and Capitalization of Interest on Loans for Assets 39:37 Understanding the implications of receiving more than Rs 10,000 in cash. 42:46 Understanding actual cost and depreciation on higher value assets 44:28 Determining the actual cost of a building used for business 47:38 Depreciation calculation in business and agriculture 49:18 Terminal Depreciation and Balancing Charge in PGBP 52:35 Subsidy available for asset-related expenses 54:21 Income deduction and deposit with NABARD for PGBP 57:55 You can buy computers as an exception in office equipment. 59:42 Deduction reversal and PGBP income 1:03:00 100% deduction available for capital expenditure and in-house research 1:04:35 Deduction available on capital expenditure except land 1:07:59 Donation deductions and approval process explained 1:09:41 Donating to universities and tax implications 1:13:30 Amortization of sold license and deduction under section 35ABA/35ABB 1:15:00 Deduction under section 35 CCC and 35 CCD for agriculture extension and skill development projects 1:18:21 Understanding and deduction of preliminary expenses for Indian companies 1:19:57 Avoid including security premium, reserves, and surplus according to Supreme Court judgement 1:23:12 Deduction for expenses related to the operation of prospecting and development of mines or quarry 1:24:56 Deduction available on specified businesses under section 35AD 1:28:28 Deduction on capital expenditure in PGBP 1:30:06 Deductions on specified business for two-star and above hotels 1:33:15 Depreciation and transfer rules for specified and non-specified business assets 1:34:49 Starting a three star hotel business and its deductions 1:37:51 Amul and insurance premium deductions 1:39:19 Conflict over bonus between company and employees 1:42:26 Amortization and Employer Contribution for Employee Benefit 1:44:01 Employer's deduction and contribution rules explained 1:47:03 Bed dates and conditions for claiming bad debts 1:48:32 Income from bed dates and its implications on taxation. 1:51:38 Understanding provisions for rural and urban branches, family planning expenses, and deductions in PGBP. 1:53:11 Tax deductions and general expenses under sections 30-37 1:56:28 Spending on CSR disallowed in income tax under PGBP 1:57:58 Deduction rules for different types of expenses 2:01:04 Pharmaceutical companies giving free seeds to doctors is not allowed 2:02:49 Understanding capital and revenue expenditures 2:06:38 Understanding finance company operations and tax implications 2:08:18 Not depositing TDS to government can disallow 100% of expenses 2:11:26 Deduction not available for state government's royalty charges 2:13:08 Employer's non-monetary tax disallowed in PL debit 2:16:15 Income from cash payment and cross checking modes of payment. 2:17:49 Cash payment rules for agricultural, forest, and poultry products 2:21:07 Expenses and allowances in tax filing. 2:22:47 Railway assets usage payment and tax implications 2:26:09 Payment due date for MSME Act filings 2:28:06 Payment timeline under Section 15 of MSME Act 2:31:15 Revenue recognition based on completion method and exceptions for service contracts 2:32:48 Understanding contract revenue and cost 2:35:56 Section 41 of PGBP talks about adjustments for previous deductions. 2:37:29 Understanding taxation on different types of loans and income sources. 2:40:46 Professional audit required for gross receipts over 50 lakhs 2:42:25 Filing income in 44AD to avoid audit and penalties 2:46:09 44 AD and 44 ADA eligibility and conditions 2:47:42 Section 44AE: Criteria for transporters with more than 10 vehicles 2:51:22 Income from PGBP is at Rs. 5 for shipping business. 2:53:10 Tax implications for foreign companies in India 2:56:23 Clubs and their tax implications explained 2:58:01 Understanding other income for those with deficiency

[@kushangidoshi355]

Thank you sir🎉

[@alkabansal8821]

Imp 1:53:00

[@khushbudey1764]

1:12:00

[@Cool-nd3zi]

1:56:59

[@MyLoveTowardsGame]

❤

[@EmmaR3289]

Thank you so much sir❤

[@Akwrs]

❤