Yes, friends, how are you? Good? Having fun? How are you?
Is everything going well? I am your friend C.H. Shreya
Gupta sir.
Your friend, your companion.
Please complete the dialogue.
Your friend, your companion, your companion, your companion
in this discussion of tax.
You are learning slowly.
We were inside the PGVP head of income.
Depreciation, all these complex things, we had finished
them all.
I had told you about the expenses of scientific research.
I had told you about it in the last lecture, my dear.
And I have complete hope that you would have understood it.
What is the matter? Why are you looking so tired?
Didn't you get tea in the morning?
Friends, don't be like this.
Don't be like this.
You are waking up in the morning, right?
The way you are waking up in the morning, that is a
blessing in itself.
The way you slept last night, the way you slept with your
hands and feet, the same way you are waking up in the
morning, without any disease, without any disability, you
are sitting properly, this is also a blessing, sir.
Wake up in the morning and believe, sir.
Wake up in the morning and believe, and consider yourself
lucky.
And consider today more beautiful than tomorrow.
Always keep this in mind, sir.
Let's go.
Wake up, man. Come on.
Guys, let's start.
Next topic.
It is a very small and interesting topic.
Section 35AD.
AD means Ajay Devgn.
It is 35AD.
No, I said AD so that you remember it.
It is 35AD. Next topic.
What does 35AD mean?
What does this section say?
Friends, there are some such businesses in our country.
There are some such businesses in our country where the
government gives a little motivation, gives a little
encouragement.
It says that we should move this business forward because
by moving it forward, our country's development is
connected.
For example, sir, for example, you take some slum, slum
development.
Slum development means that in our country, if I have a
slum, and if I have a construction company, then the
government will give me motivation, incentives, will give
me some benefits.
Sir, Mr. Gupta, do one thing.
You go, there are slum dwellers there.
You break those slum dwellers and build good flats there.
Build good flats there so that the poor laborers living
there can be allocated those flats.
Slum development project.
Do some such projects.
Or for the help of farmers, put up a fertilizer factory.
If you have to make fertilizer, do that.
If you invest in such businesses, or if you have your own
business, you open such businesses.
Sir, what kind?
There is a list.
See, I have not skipped any topic yet.
I am coming to it slowly.
In such businesses, if you invest, by investing I mean if
you open those businesses, then you get a deduction of how
much?
We will discuss that too.
Which are those businesses?
We will discuss them.
In the Profit and Loss account, you will get a chance to
book your expenses.
You will get a full deduction for that.
Let's start our topic.
35 AD.
Okay, sir?
Any problem?
It's a simple thing.
I will explain it in my style.
Sir, I have been explaining it in my style till date.
Whose style should I explain?
I will explain it in my style.
Let's talk about 35 AD.
In 35 AD, this 35 AD, means 35 Ajay Devgn, says that if you
open specified businesses, specified means, we will tell
you which are those businesses.
If you open a specified business, then related to that,
what you get is capital expense, not revenue.
Capital expense.
Capital expense means, means what?
Capital expense means you bought a machine.
Capital expense means you bought some furniture or put a
table there.
If there is a factory, then you get lighting done in that
factory so that it becomes inseparable.
It's a capital expense.
You are creating an asset there.
So, if you have done capital expenses,
if you have done capital expenses, in which?
In a specified business.
So, whatever you spend, 100%, 100% minus it.
Minus from where?
Minus from your profit.
Where will profit come from?
From your gross profit, you will put more expenses.
In that, you put your capital expense.
And this expense will be allowed.
Any problem so far?
P&L account will be created.
Gross profit.
Put expenses here.
If there is a specified business, for example, you didn't
buy a plant and machine.
You didn't buy a plant and machine.
Put all the expenses here.
Depreciation.
Should I get it or not?
If I am buying a machine for 10 crores, then I am minusing
10 crores here.
Think and tell me, should I get depreciation on this
machine?
Answer is, first tell me, should I get it?
Who has said that I should get it?
You have said it.
You tell me one thing, aren't you ashamed?