Nice knowledge 😀, I'm CA student and know this things, it's nice to see person sharing this information which is really helpful to many people, nice work.👍
Its totally wrong that Government use our taxes to make expressway, national highway etc because Even after paying so much tax, we have to pay toll tax separately.
@@arvind2170 Then why hefty amount of road tax being involved ?? Take only toll tax. Means we are fools, we end up paying almost 50% tax to Govt while buying car worth 20+ lakhs then pay road tax, pay huge tax while refuelling, then again pay toll tax...lol. Looks like you know you being fooled but still dont want to understand. That's why Netas live such a luxurious life
India mein ek tax paying person hona ek badkismati hai aapki. Govt will squeeze you upto the very last boond of your blood. Govt. Ko isi paise se freebies bhi to baatni hai jisse vote kharida jaa sake.
Hi Arvind , but if you calculate the cumulative amount paid , you can understand the distress . True ,there should be a minimum toll to no toll as hefty RT are already being paid per state .
Govt is extracting from wherever it can ....i appreciate current govt efforts for road infrastructure...but they are going too far when it comes to taxes ...on buying car- tax, on fuel tax, on toll plaza, on insurance...almost feels like it is stupid to buy own car... electric cars prices are already high... there are not enough CNG stations.... niramala sitharaman is raising GST slots... being middle class is really bad in this country
Our IAS beauraucrats are making these tax terror rules abiding the directions from Govt. They are very smart at fooling masses and extract a lot of money as taxes. No wonder they are the prime and sharp people of India
True. Thats why after returning from onsite 1 years back i have not yet brought car in India. Ola/Uber is cheaper and convenient - especially in this traffic and parking. Expense is less than own cars , insurance , depreciation, servicing. Plus driver and parking hassles.
There's also one more thing for the salaried people but that depends on your company called the car lease component. If you have a car in the name of your parents, you can claim that you have leased it for company use and also show one of your parent as a driver and that component of your salary becomes non taxable, similarly a component of your salary is also "fuel expenses" which you can get waived off after submitting fuel receipts.
Correction plz.. Tax paid is used in infrastructure is false info. All xpessways/NH r built on P2P basis & we have to pay toll which ranges from ₹1-₹2 per KM. Lucknow to Noida-535 KM TOLL-₹1100-1200
U r doing great job .. u r ethical man who alwys put consumer on priority .. and u have proven yourself many times with deep knowledge.. all the best for future
Maruti Suzuki chairman RC Bhargava said that as the government seeks to transition to cleaner vehicles, it needs to gauge the economic status of the majority of the population to ensure the revival of the local automobile industry. “The GST rates in India are more than double that of the European Union, Japan or the US, and given the lower income levels in India, the question of affordability comes in,” he said. One-time road tax in states adds another 8-9%, taking the overall rate to 37-38% on cars. “Do we need these kinds of high taxes?” Bhargava asked. Vehicle taxes are 19-20% in Germany and 18-22% in Japan. The domestic automotive industry generates nearly Rs 1 lakh crore in GST revenue, accounting for about 12% of the total GST kitty.
State govt are reluctant to implement BH series for private employees as they face revenue loss. Waiting when state will start BH series registration for private employees
It won't in a mere future, since these govts are only focusing on income rather than public convinence. When taxes are being contributed by private employees and govt employees equally then why Bh registration for only govt employees in karnataka state. I feel this BH series is more of a gimmick when I enquired about this in my locality car dealers they are not even aware of What BH is which is unfortunate. If central govt really want to bring convenience to tax payers then it should abolish the existing law which is to re register after 9 months in another state.
@@piyushjain192 most of the states have not yet implemented , in south India only Karnataka Implemented that and that too it is for govt higher official employees
@@gunturrecipes951 if it's started, then as per the notification it should work...Provide proper documentation(private employees-WC Form 60, GST certificate) ,show them gazatte notification..Then it will work..
Even centre had sent notice regarding the delay in implementation but the states sent the response saying that they need some more time to analyze and implement this GO. Till then they will Continue with state registration.
Why should we show old car selling price as other income and pay tax when we had purchased that car at much higher price initially? We wouldn't make any profit but will incur loss while selling old car. Any expert here?
@@amitavabiswas43 what's the basis of tax. We have purchased our car with post tax income. Why should we pay tax on post tax income? Also we are not gaining anything from selling the car. In fact we are losing.
I am not a finance expert but let me put this way : When your buy a car worth 10 lakh, and use it for lets say 10 years, you actually consumed its 'Utility' (search for it, its an economics term). Lets assume you consumed 6 lakh worth of its 'Utility' in those 10 years. Now the car carry 'Utility' worth only 4 lakh. Suppose you sold this car for 5 lakh, you still profit 1 lakh over real value of its 'Utility'. I guess this 1 lakh will be taxable.
Car is an depreciating asset, most people buy it on Finance which means the final cost of ownership is way higher. But when you sell, you get way less than what you paid, so how can government consider it as Income???
yes its not an income.. but AIS is basically a disclosure of various transactions to the government.. it wont be included in income as their is no income on sale of a car since it is a depreciating asser :)
What development is government doing after all these taxes. All the Expressways are toll ways and we pay almost Rs 1 for 1km. There is nothing tangible that taxpayer enjoys. This is true for all Salaried and Middle class employees.
Kuch nai sirji..mamu bann rahe hai hum salaried Waley...chuss chuss ke khtm kar dia hai..normal receipts mey GST amounts total karne jao toh saal ka 1lakh us mey bhi dia jata hai on an average..for salaried people like us
govt needs to pay salaries to madarsachap maulvies... please try to understand... as once said by Manmohan Singh--- they have the 1st right to use the resources of the country
Sir, sara paisa election pe kharch hota hai, curruption pe kharch hota hai, expressway ka paise to toll se vasoola jata hai wo bhi lifetime.. western up toll plaza ko hi le lijiye kya abhi tak is road ki cost recover nahi ho payee. Agar janta ke paiso ka sahi se use hota to japan or china se aage hote. Yaha to bridge baad me bante hai pehle toot jate hai.
National highways free nahin. uspe hefty toll tax vasool karte hain. Bangalore se Hyderabad pahunchne tak car se 1300 rs sirf toll tax diya tha 3 years back.
Taxes in India are toooo much. I am a working corporate and frequently travel between Canada, gulf ( kuwait, oman and qatar ) and India. Have seen life style and taxes. I pay almost nil tax in gulf. roads and infrastructure are way superb compared to India.Peace of mind is definitely out of this world. Canada is also better but yes i pay couple of taxes there but not like India where government is killing people who pay huge amounts in taxes. I have kept cars in almost all the gulf countries and canada and also in india. Indian govt had kept way too high taxes. In return what are Indians getting ? Govt uses that tax payer money to buy mla. Almost everyone of my family and friends have decided to settle else where. Bjp will destroy India completely by hatred. Indians are somehow happy to pay huge taxes which directly goes in govt pockets.
Bhai in all developed countries, all earning people pay income tax which is not the case with our country. If all eligible ppl in India start paying income tax then there won't be any additional taxes.
If you sell your used car, it won't be considered an income unless you sold it at a price higher than acquisition cost. In case of companies WDV method will be used.
BH series implementation is also not properly done. As per the notification, MV tax has to be calculated using invoice price excluding GST but RTOs are calculating MV tax using ex-showroom price including GST causing the buyers to shell out more than required.
hi thanks for the video but have you done an analysis that the tax you are saving on the EV the car companies are charging you higher price for the similar ICE xars. if you take the tata nexon similar speced car EV is about 16.5L and ICE is 13L you are paying a premium in advance for the savings you will be making over 5 years
Avinash Kumar from Delhi 8 to 10 lakh Total running - 500km per month Running 50% city- 50% highway Road conditions good but traffic problems in city No of passengers 3 Looking for SUV CNG prefer Manual
50 k benefit per year is okay but as a salaried employee we currently get 21600 for fuel and 10800 for driver meaning net benefit is 17600 per year for 3 years. And no benefit in future. But 32400 is life long per year so long tax laws does not change.
Is there any guidance value/minimum value for cars just like that for properties. Can a show room sell a 10 lac car at just Rs.1 lac. This is a hypothetical question but require clarity. Thanks
Very good and informative videos. But Sir Govt recover from each and every person's for development. Instance, development of Highways recovered of taxes way of Toll Taxes which is on higher level.
Bharat series is only allowed to Government employees, defence and public company employees who can prove their company has atleast 4-5 branches in different cities. No private company employees are allowed the BH series registeration. This is in Bangalore, not sure about other cities.
EVs.. I don't know. It's more than 5 to 6 lacs extra cost than petrol Or diesel engines. When we calculate with bank interest rate of 8 % for 5.5 lacs for 15 years the EMI is extra 5256/- and no assurance of recharging points which recharges instantly like petrol Or diesel. Feels like not worth it as of now... My opinion. Govt should cut all taxes to reduce the prices under 8 to 10 lacs atleast.
Pls make videos with reviews on personal car laws such as luggage carrier.. reviews on EV and hybrid cars.. practical aspect.. if their pricing is practical etc
BH series available only for the employee having transferable job and having office in minimum 4 states . This registration is valid only for two years.
By Taxing each and every stage of a car buying to owning that to at a very high rate Government want us to ride bicycle or bullockcart as we are not required to pay any taxes or duties.
Brother need one information please. Car is a depreciated asset. If anybody sold a car with loss then how can that considered as income from other source. I think income tax department should consider that as loss.
Bharat number places are only for those whose employers have offices in 4 or more states. Hence, employees of top tier organizations can't avail this option.
Sir...Most of State Govt. are charging road tax on ex showroom price which is inclusive of GST. Is it not a case a double taxation ?. I think it is bad in the eye of law. Wish somebody should challenge it before court
In EV the cost is straight away double, whatever we will spend in the lifetime of ICE car on petrol they are taking in the beginning. On top of that battery after 7-8 years will cost you like a new entry level model 5-7 lacs. A very bad deal untill prices come down to the level of ICE engines
As of today the battery pack of Nexon costs 7 lakhs , it will decrease in upcoming years to 2-3 lakhs . You forgot the fuel consumption on ICE . Compare that too . An ICE costs not less than 10 rs per km including maintenance . An ev has very less maintenance cost .
How come the money you got from selling old car is income? That old car was bought with the money after paying all the hefty Tax, then why should the money coming from depreciated asset be an income? And top of that you bought that car using the taxed income. I don't think the amount you received for selling old car would be taxed again, If so the government is doing grave injustice to its people: It would be triple/quadruple TAXATION.
I think if you avil itc on purchase of car for registered firm on business purposes if sale of those assets you have to pay gst . In other terms if you don't avail itc of its no tax on its sales
I am planning to purchase a car 11 lakhs ex showroom. I am self employed But i have not filed IT return from past 5 years now i have pre approved loan Offer from pvt Bank. Will i have any complications from IT dept if i purchase car with pre approved car loan and also TCS is also 5 percent...? Please revert
Sir , Good morning, Mera yearly running max 8000km on highway only. I am looking for buy new SUV for 15 years use . I m from maharashtra. I have choosen XUV300 petrol considering safety . What is your opinion, Does mahindra petrol 1.2 turbo engine reliable for 15 years ?
Rip Off & these taxes stink to High Heaven. U say that all taxes on Motor Vehicles are used for betterment of Roads & Infrastructure which does not reflect on Conditions on the ground. Further RTO collects taxes also for Road upkeep. The Poor Roads lead to Expensive Repairs on the Vehicles. Further Tolls are levied every couple of hundred Kilometers , where does that Money Go I wonder.
Nice knowledge 😀, I'm CA student and know this things, it's nice to see person sharing this information which is really helpful to many people, nice work.👍
8
1
I never seen anyone having more knowledge than you bro 💯
Its totally wrong that Government use our taxes to make expressway, national highway etc because Even after paying so much tax, we have to pay toll tax separately.
Looks like you don't know what is the total expense of making one lane km...
Your toll money is used for maintaining the road,not for profit.
@@arvind2170 Then why hefty amount of road tax being involved ?? Take only toll tax. Means we are fools, we end up paying almost 50% tax to Govt while buying car worth 20+ lakhs then pay road tax, pay huge tax while refuelling, then again pay toll tax...lol. Looks like you know you being fooled but still dont want to understand. That's why Netas live such a luxurious life
India mein ek tax paying person hona ek badkismati hai aapki. Govt will squeeze you upto the very last boond of your blood.
Govt. Ko isi paise se freebies bhi to baatni hai jisse vote kharida jaa sake.
India has one of the highest tax regime
Hi Arvind , but if you calculate the cumulative amount paid , you can understand the distress . True ,there should be a minimum toll to no toll as hefty RT are already being paid per state .
ITNA KNOWLEDGE to have by someone reviewing cars is amazing. You're doing a great job! Thank You!
Govt is extracting from wherever it can ....i appreciate current govt efforts for road infrastructure...but they are going too far when it comes to taxes ...on buying car- tax, on fuel tax, on toll plaza, on insurance...almost feels like it is stupid to buy own car... electric cars prices are already high... there are not enough CNG stations.... niramala sitharaman is raising GST slots... being middle class is really bad in this country
Our IAS beauraucrats are making these tax terror rules abiding the directions from Govt. They are very smart at fooling masses and extract a lot of money as taxes. No wonder they are the prime and sharp people of India
True. Thats why after returning from onsite 1 years back i have not yet brought car in India. Ola/Uber is cheaper and convenient - especially in this traffic and parking. Expense is less than own cars , insurance , depreciation, servicing. Plus driver and parking hassles.
There's also one more thing for the salaried people but that depends on your company called the car lease component. If you have a car in the name of your parents, you can claim that you have leased it for company use and also show one of your parent as a driver and that component of your salary becomes non taxable, similarly a component of your salary is also "fuel expenses" which you can get waived off after submitting fuel receipts.
great info bro
Trust the same logic will hold good if the car is bought in the name of Home maker wife - and take the same benefit??
@@baalakrishnanms2108 yes.. that works as well(atleast in my company), But you'll have to check with your company's finance team.
This policy applies for employees that are level 5 or above
Correction plz..
Tax paid is used in infrastructure is false info.
All xpessways/NH r built on P2P basis & we have to pay toll which ranges from ₹1-₹2 per KM.
Lucknow to Noida-535 KM
TOLL-₹1100-1200
U r doing great job .. u r ethical man who alwys put consumer on priority .. and u have proven yourself many times with deep knowledge.. all the best for future
I wish this channel cross to 10M Subscribers. Very informative
Ghanta public development
It's politicians development
Maruti Suzuki chairman RC Bhargava said that as the government seeks to transition to cleaner vehicles, it needs to gauge the economic status of the majority of the population to ensure the revival of the local automobile industry. “The GST rates in India are more than double that of the European Union, Japan or the US, and given the lower income levels in India, the question of affordability comes in,” he said.
One-time road tax in states adds another 8-9%, taking the overall rate to 37-38% on cars. “Do we need these kinds of high taxes?” Bhargava asked. Vehicle taxes are 19-20% in Germany and 18-22% in Japan.
The domestic automotive industry generates nearly Rs 1 lakh crore in GST revenue, accounting for about 12% of the total GST kitty.
State govt are reluctant to implement BH series for private employees as they face revenue loss. Waiting when state will start BH series registration for private employees
It won't in a mere future, since these govts are only focusing on income rather than public convinence. When taxes are being contributed by private employees and govt employees equally then why Bh registration for only govt employees in karnataka state. I feel this BH series is more of a gimmick when I enquired about this in my locality car dealers they are not even aware of What BH is which is unfortunate. If central govt really want to bring convenience to tax payers then it should abolish the existing law which is to re register after 9 months in another state.
Hi.. BH series is available for private employees too ..provided you have offices in 4 or more states/UT's..
@@piyushjain192 most of the states have not yet implemented , in south India only Karnataka Implemented that and that too it is for govt higher official employees
@@gunturrecipes951 if it's started, then as per the notification it should work...Provide proper documentation(private employees-WC Form 60, GST certificate) ,show them gazatte notification..Then it will work..
Even centre had sent notice regarding the delay in implementation but the states sent the response saying that they need some more time to analyze and implement this GO. Till then they will Continue with state registration.
I love reading and getting information about cars, its from years and I'm so happy that i subscribed this channel.🔥
Your videos are informative but put English subtitles too it will be easier for others to follow your channel 👍
Can watch at 1.5x - 1.75x.
Very informative, thanks sir ji
Yea man I always does that.
You are right. It's not a movie to enjoy the dialogues..😜
Why should we show old car selling price as other income and pay tax when we had purchased that car at much higher price initially? We wouldn't make any profit but will incur loss while selling old car. Any expert here?
Very good point bro. 👍
Wrong. U have to pay tax. U can conceal it at your risk
@@amitavabiswas43 what's the basis of tax. We have purchased our car with post tax income. Why should we pay tax on post tax income? Also we are not gaining anything from selling the car. In fact we are losing.
hmm
I am not a finance expert but let me put this way :
When your buy a car worth 10 lakh, and use it for lets say 10 years, you actually consumed its 'Utility' (search for it, its an economics term). Lets assume you consumed 6 lakh worth of its 'Utility' in those 10 years. Now the car carry 'Utility' worth only 4 lakh. Suppose you sold this car for 5 lakh, you still profit 1 lakh over real value of its 'Utility'.
I guess this 1 lakh will be taxable.
Car is an depreciating asset, most people buy it on Finance which means the final cost of ownership is way higher. But when you sell, you get way less than what you paid, so how can government consider it as Income???
Coz govt is a scamming piece of shit.
It's not considered as income
Relax
yes its not an income.. but AIS is basically a disclosure of various transactions to the government.. it wont be included in income as their is no income on sale of a car since it is a depreciating asser :)
What development is government doing after all these taxes. All the Expressways are toll ways and we pay almost Rs 1 for 1km. There is nothing tangible that taxpayer enjoys. This is true for all Salaried and Middle class employees.
Kuch nai sirji..mamu bann rahe hai hum salaried Waley...chuss chuss ke khtm kar dia hai..normal receipts mey GST amounts total karne jao toh saal ka 1lakh us mey bhi dia jata hai on an average..for salaried people like us
EV is future
CNG is present
Diesel is forever 😀👍
Petrol is power ..gareeb insaan🤣🤣
@@spartantroy3920 petrol 🙏
Diesel lover☝️☝️☝️
Diesel is real fuel 🔥
EV is a large scale scam
Exactly for a on road 8 lakh car we paid almost 3 lakh for tax.
govt needs to pay salaries to madarsachap maulvies... please try to understand... as once said by Manmohan Singh--- they have the 1st right to use the resources of the country
@@Thuglife-nm1kt true and shameful 😞
Which state ?? Road tax for sx creta ivt petrol 18.8 lakhs onroad is 2.5 lakhs
@@arjunjmenon road tax for a 10 lakh vehicle is 2.2 lakhs in Karnataka.
@@TheFourthWinchester ex showroom 10.46 lakhs car. Road tax in karnataka 1.80 lakhs.
Gagan Bhai your content is alwyz at par full on practical experience... Straight talk.. Keep it up bro!!
Sir, don't you think EV cars mei already extra taxes involved hai. ??? Shyd isliye prices zada hai ..
Ev cars are highly priced In European countries Govt gives heavy subsidies to popularize them
Sir, sara paisa election pe kharch hota hai, curruption pe kharch hota hai, expressway ka paise to toll se vasoola jata hai wo bhi lifetime.. western up toll plaza ko hi le lijiye kya abhi tak is road ki cost recover nahi ho payee. Agar janta ke paiso ka sahi se use hota to japan or china se aage hote. Yaha to bridge baad me bante hai pehle toot jate hai.
National highways free nahin. uspe hefty toll tax vasool karte hain. Bangalore se Hyderabad pahunchne tak car se 1300 rs sirf toll tax diya tha 3 years back.
Can you please specify the Section under which sale proceeds of personal second hand car is to be shown as income from other sources?
Ev has no toll because you wont be able to travel between one toll to another
Good one bro 🤣🤣
Taxes in India are toooo much.
I am a working corporate and frequently travel between Canada, gulf ( kuwait, oman and qatar ) and India. Have seen life style and taxes. I pay almost nil tax in gulf. roads and infrastructure are way superb compared to India.Peace of mind is definitely out of this world. Canada is also better but yes i pay couple of taxes there but not like India where government is killing people who pay huge amounts in taxes. I have kept cars in almost all the gulf countries and canada and also in india. Indian govt had kept way too high taxes. In return what are Indians getting ? Govt uses that tax payer money to buy mla. Almost everyone of my family and friends have decided to settle else where. Bjp will destroy India completely by hatred. Indians are somehow happy to pay huge taxes which directly goes in govt pockets.
Bhai in all developed countries, all earning people pay income tax which is not the case with our country. If all eligible ppl in India start paying income tax then there won't be any additional taxes.
Very true
Dear same indian gov is saving you in case of WAR link situation or other calamities to bring home indians dont forget that
@@satishdeshmukh6210 so you mean to say that these huge taxes are justified despite of the situation of current infrastructure.
@@satishdeshmukh6210 That’s the job of any govt in power
They have to save the country’s citizens, whether they pay taxes or no
If you sell your used car, it won't be considered an income unless you sold it at a price higher than acquisition cost. In case of companies WDV method will be used.
It all depends on the interest one have ignoring the degrees. Excellent knowledge.
Gagan sir, pls think us as your extended family & share your health update. How are doing???
Hi thanks, under steroids medication n doing better.
what has happened to sir ?
Good to know sir..may god bless you with long life and good health.
This was beautifully explained atleast for a person like me in self employed category.
BH series implementation is also not properly done. As per the notification, MV tax has to be calculated using invoice price excluding GST but RTOs are calculating MV tax using ex-showroom price including GST causing the buyers to shell out more than required.
Is it?
That's wrong and unethical....As per sec 51(b) of Mv act , tax should be calculated on invoice priced excluding GST...
@@piyushjain192 Yes, but it's not being followed. May be some RTI will help.
Sir, Ev le to le par kahi charging station ho tab to most of the middle class family long distance ke liye car leti h 😳
hi thanks for the video but have you done an analysis that the tax you are saving on the EV the car companies are charging you higher price for the similar ICE xars. if you take the tata nexon similar speced car EV is about 16.5L and ICE is 13L you are paying a premium in advance for the savings you will be making over 5 years
Sir, in your loan calculator options punch accomplish AMT with Dazzle Pack not available. Rest all variants you added kindly add this one also.
Gagan ji, How is ur health now. Did u find ur nuro related doctor.... Take care. Have a 💯 healthy n wealthy year 2022 😊
Are these taxes also contributed to 12Cr PM car and his Aeroplane ?
Gagan Ji, is the declaration in income tax applicable only for selling used cars to dealer, or is this applicable for used two wheeler too.
Road bna kar jo toll plaza hai wah kis kaam ke .....Tax tax tax penalties tax ......
Avinash Kumar from Delhi
8 to 10 lakh
Total running - 500km per month
Running 50% city-
50% highway
Road conditions good but traffic problems in city
No of passengers 3
Looking for SUV
CNG prefer
Manual
When did he talk about the income tax notice
Fact - Sara tax ka paisa gov . Advertisement me laga rahi hai even petrol ka bhi😂
Godi be like - Mujhe credid nahi chahiye
50 k benefit per year is okay but as a salaried employee we currently get 21600 for fuel and 10800 for driver meaning net benefit is 17600 per year for 3 years. And no benefit in future. But 32400 is life long per year so long tax laws does not change.
Is there any guidance value/minimum value for cars just like that for properties. Can a show room sell a 10 lac car at just Rs.1 lac. This is a hypothetical question but require clarity. Thanks
If car is being used for personal use then sale of car is not considered as income, correct me if i am wrong.
Dealers are not ready to apply BH numbers yet. They straightway say they don't have info or push to take normal number.
Very good and informative videos. But Sir Govt recover from each and every person's for development. Instance, development of Highways recovered of taxes way of Toll Taxes which is on higher level.
can I buy ev as my first car? my daily running is very low.
If used for personal purpose, then it is not a capital asset and does not attract tax on sale.
Bharat series is only allowed to Government employees, defence and public company employees who can prove their company has atleast 4-5 branches in different cities.
No private company employees are allowed the BH series registeration.
This is in Bangalore, not sure about other cities.
Your way of speaking 💯🧡
Too much of corruption in India..
please make a video on that😊
Ya most of the development in North India...
But still south india is way ahead....
Taking a BH series no. Plate is not easy for individuals. You yourself have listed on your site the long list of conditions. This is not for everyone.
You would have done excellent in teaching profession. Regards
we pay Toll fees too ...... to recover road construction cost
Showing in AIS does not make it income
And selling of a car is not income.
EVs.. I don't know. It's more than 5 to 6 lacs extra cost than petrol Or diesel engines. When we calculate with bank interest rate of 8 % for 5.5 lacs for 15 years the EMI is extra 5256/- and no assurance of recharging points which recharges instantly like petrol Or diesel. Feels like not worth it as of now... My opinion. Govt should cut all taxes to reduce the prices under 8 to 10 lacs atleast.
Sir, these express ways are not free to use. Government also charges huge toll as per your distance. For every step we are giving tax to Government.
Pls make videos with reviews on personal car laws such as luggage carrier.. reviews on EV and hybrid cars.. practical aspect.. if their pricing is practical etc
Public kalyan k liye road banati sahi hai lekin toll bhi toh leti hai
Namaste. Please suggest the car which is safe even without airbag. My idea is it should be safe even if airbag fails to deploy.
BH registration is only on new purchased vehicle from dealer. It will be usefull if applicable for old cars also.
hearty thanks for your clear, practical ,factual information without fearing people..
Tax Modiji ke rally keliye use hota hai
BH series available only for the employee having transferable job and having office in minimum 4 states .
This registration is valid only for two years.
Sir.Thanks you very much for your excellent Information. Hope is your Health
Car companies should launch DIY cars , to avoid tax. will buy chassis and engine and bare body for registration
Very informative. Thank you.
unique information shared publicly,👍🏻
20 lakh ki gadi actual mein 10 lakh ki bhi nahi hoti 🤦♂️
Taxes upfront is only way Govt can widen their tax bracket bcos ppl do not declare later or claim depreciations and losses
By Taxing each and every stage of a car buying to owning that to at a very high rate Government want us to ride bicycle or bullockcart as we are not required to pay any taxes or duties.
Brother need one information please. Car is a depreciated asset. If anybody sold a car with loss then how can that considered as income from other source. I think income tax department should consider that as loss.
Bharat number places are only for those whose employers have offices in 4 or more states. Hence, employees of top tier organizations can't avail this option.
Sir...Most of State Govt. are charging road tax on ex showroom price which is inclusive of GST. Is it not a case a double taxation ?. I think it is bad in the eye of law. Wish somebody should challenge it before court
Do central govt employees has to pay road tax on new car purchase
Sir what happened if I buy car on cash worth rs 22 lacs.
The tax hunger for government are never enough
In EV the cost is straight away double, whatever we will spend in the lifetime of ICE car on petrol they are taking in the beginning. On top of that battery after 7-8 years will cost you like a new entry level model 5-7 lacs. A very bad deal untill prices come down to the level of ICE engines
As of today the battery pack of Nexon costs 7 lakhs , it will decrease in upcoming years to 2-3 lakhs . You forgot the fuel consumption on ICE . Compare that too . An ICE costs not less than 10 rs per km including maintenance . An ev has very less maintenance cost .
How come the money you got from selling old car is income? That old car was bought with the money after paying all the hefty Tax, then why should the money coming from depreciated asset be an income? And top of that you bought that car using the taxed income. I don't think the amount you received for selling old car would be taxed again, If so the government is doing grave injustice to its people: It would be triple/quadruple TAXATION.
Simply superb . Thanks a lot
I am salaried person. If I sell a car then it will be added as income from other source. Then why not provide depreciation benefit.
Planning to buy an ev by end of this year,were all the benefits will remain or subsidy might get reduced later this year
You forgot one very importat thing about gst
If you sell your old car tgats registeref in your firms name 18% gst is applicable on depriciated value
I think if you avil itc on purchase of car for registered firm on business purposes if sale of those assets you have to pay gst . In other terms if you don't avail itc of its no tax on its sales
Your video is a miracle 💕💕💕💕💕
सरकार से बड़ा कोई चोर नहीं।
Request to tell about tax on 2nd hand cars , thanks 💐
BH is great...but these Karnataka baskets are not implementing for corporate employees...
I am planning to purchase a car 11 lakhs ex showroom. I am self employed But i have not filed IT return from past 5 years now i have pre approved loan Offer from pvt Bank. Will i have any complications from IT dept if i purchase car with pre approved car loan and also TCS is also 5 percent...? Please revert
Sir , Good morning,
Mera yearly running max 8000km on highway only. I am looking for buy new SUV for 15 years use . I m from maharashtra. I have choosen XUV300 petrol considering safety .
What is your opinion, Does mahindra petrol 1.2 turbo engine reliable for 15 years ?
Rip Off & these taxes stink to High Heaven. U say that all taxes on Motor Vehicles are used for betterment of Roads & Infrastructure which does not reflect on Conditions on the ground. Further RTO collects taxes also for Road upkeep. The Poor Roads lead to Expensive Repairs on the Vehicles. Further Tolls are levied every couple of hundred Kilometers , where does that Money Go I wonder.
Sir ..kya pahale ki government me development p kharch ni krti thi. ..????
Hum specified person under 206AB ye sab me yes aa raha hai toh hume car ke 5% dene ko bol rahe hai eysha kyun ...
Sir...can state government employees take BH number plate
Indian Government need to do something as China do for country
Sir does this AIS applies on car exchange as well or just selling of a car?
sir , matlab mene apne pasie se ek cheez khridi , or jb mene usse becha vo meri earning . Mera desh mahhaann !!!!!
down payment by cheque (without loan)करके कार खरिदने के क्या फायदे हैं ?