Yes, friends, how are you all?
I hope you all are very well.
You must be healthy, you must be happy.
Sir, one should always be like this.
One should always keep smiling.
And what is left in life?
If you are sad, you will make the people around you sad.
You will make your family sad.
You will make your friends sad.
Be happy, a positive energy should come out.
What is your age now? 18, 19, 20, 22?
Be happy at that age.
Always try to be happy in life, friends.
No matter what situation you are in, a smile on your face
is a must.
A smile can change your life forever.
Be happy, keep smiling.
Even God will feel that no matter how many problems I give
this person, he never gives up.
So it is decided that this person should move forward.
This person should definitely move forward.
He always faces problems with a smile.
He always has a smile on his face.
It is said that do something that will make God happy.
Smile, sir.
If you are in trouble, let it be.
We will see.
There is no tension.
We are doing our job.
Let's go, sir.
Keep this smile.
Give me a smile too.
I am also giving you a Colgate smile.
Let's combine this smile with a smile.
And let's go, my friends, to the next topic.
But before moving to the next topic, let me revise what we
did in the last lecture.
We talked about specified businesses.
And we said that if you do some capital expenditure related
to specified businesses, then you will get a 100% deduction.
But you don't get this capital expense on land, you don't
get it on a goodwill of a person, you don't get it on
financial instruments.
You don't get it on 2-3 things.
We discussed this point in the last lecture.
You don't get this capital expenditure on land, goodwill
and financial instruments.
There are 2-3 things, very small concepts.
For example, you are running a business.
There is an employee in your business.
What does that employee say?
He has been working in your company for 5-7 years.
And one day he comes to you and says,
Sir, the business you are running,
I am very impressed with your attitude and business.
What will you say?
I will say, Thank you very much.
You are praising us as an employee.
This is a very good thing.
He says, Praising is for later.
My dear employer, this is my resignation.
You will say,
You are praising now, you are saying the business is good,
you are saying the attitude is good,
He says, I am resigning because, listen to me, you don't
listen to me, and start giving reactions.
The point is,
I am resigning from my job and you are giving me voluntary
retirement.
I am retiring on my own will.
The money I will get from there, the money you will give
me, same to same,
I will start a business like yours, in the opposite
building of your office.
I will start it.
And slowly, the employees who work here,
I will break those employees from your company and put them
in my company.
Is this a conspiracy?
That person has thrown his iron on your face and is
demanding voluntary retirement money from you.
My dear, tell me, you are forced to give that money because
you have to legally, for example.
Now, should you get its expenses or not?
In the Profit and Loss account, the voluntary retirement
scheme that you are giving to that person, should you get
its deduction or not?
The answer is yes.
How much will you get?
Sir, there is no question of how much.
My competitor is getting ready, that is the issue.
The amount of money he is demanding, give that deduction to
that person and deal with him in business.
Deal with him in the market.
You will get a 100% deduction.
It is not about 100%, it is about the competitor getting
ready.
You will get a 100% deduction.
That is my guarantee.
You will get a 100% deduction and your new competitor will
get a 100% deduction.
Another example is the Notified Agricultural Extension
Project.
If you spend on an extension project, you will get a 100%
deduction.
But it is better if you don't spend on land and building
because you don't get the deduction in the Notified
Agricultural
Extension Project.
What if it is a skill development project?
For example, if you put up a project in which you are
giving vocational training to the 12th grade students.
You put up a project to enhance their skills.
The government tells you which projects you can put up.
You put up a project for those skills.
In that case, you will get a 100% deduction because you are
doing a good job for the country.
If you invest in land and building, you will not get the
deduction.
You will get a 100% deduction for your normal expenses like
capital expense and revenue expense.
These were the small points.
I thought
I will share them with you.
Always study and write.
It is good to be educated.
But as they say, if an educated person does not study, does
not read, what difference will it make to an illiterate
person?
An illiterate person cannot read.
An educated person does not want to study.
What difference will it make?
He will get the knowledge he has.
Always study and write.
Sir, what is this?
I thought I will tell you.
Can't I tell you?
Do I not have the right to talk to you?
Why are you getting emotional?
Next section 36.
What have we studied? 35 DTA.
You will get a 100% deduction.
What is the second one?
Other deductions.
Section 36.
Let's talk about other deductions.
All the expenses we can spend to run a business, all the
expenses we can spend to run a business, all those
deductions are given by the Government and the Income Tax
Act.
All the expenses related to running a business will be
deducted.
All expenses will be allowed.
Come, let's check.
Section 36.
Have you given any insurance premium?