I'm done paying crazy taxes (How to shift to Dubai?) | Akshat Shrivastava

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  • Опубліковано 23 гру 2024

КОМЕНТАРІ • 2 тис.

  • @AkshatZayn
    @AkshatZayn  2 місяці тому +37

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    • @sauravkataruka1
      @sauravkataruka1 2 місяці тому +1

      Akshat, you said to put up questions in comment and you will answer them but I don't see replies from you in comments section. Specific question is, if one has decent savings in India and wants to shift money to Dubai for some kind of investment or just to Dubai account, how can that be done. LRS etc. will hinder the process?

    • @javeedtech
      @javeedtech 2 місяці тому

      Ok hold on, I am also coming

    • @mukundbhade9135
      @mukundbhade9135 2 місяці тому

      Nice knowledgeable short crisp video

    • @mukundbhade9135
      @mukundbhade9135 2 місяці тому

      Would love to see job opportunities video or podcast for experienced persons for Dubai/ Middle East.. introduce sum... creditable Local sectors / consultancy too

    • @AMBATTANVIKMANDAIYAN
      @AMBATTANVIKMANDAIYAN 2 місяці тому +1

      GOOD DECISION. You cant talk politics in UAE. There is no democrazy there. Dont let old habit haunt you .Dont talk against the rulers, aka Kings. The Kings men will come and take your head. The tax perks is a biscuit that the King pay (or rather throw) to their people - so they dont bark. See its all a trade-off in the world. You loose one and get one. You loose your right to raise voice and you get tax perks

  • @locu83
    @locu83 2 місяці тому +839

    I saved 30 lakhs in India iny last 14 years of job, after all my expenses, loans car, house etc etc. my friend saved and made 6cr in Dubai during the same time

    • @AJK666007
      @AJK666007 2 місяці тому +83

      This is the sad reality of this country.

    • @Sporthyravuri91
      @Sporthyravuri91 2 місяці тому +21

      Is your friend's net worth 6 crores or does he have 6 crores in savings?

    • @kubrab2617
      @kubrab2617 Місяць тому +2

      True

    • @MsSilkyJuneja
      @MsSilkyJuneja Місяць тому +2

      🤯

    • @charanpreetsingh1902
      @charanpreetsingh1902 Місяць тому

      and over top of that gov and sold out media always try to blame us

  • @SaurabhKartik07
    @SaurabhKartik07 Місяць тому +249

    Paying 20 lacks lifestyle cost is better than paying 50% tax on 1cr for no roads, no good facilities, no respect

    • @SaurabhKartik07
      @SaurabhKartik07 Місяць тому +18

      30%+15%+18% it feels like koi Jeb kaat Raha hai 😅

    • @cherrytv3
      @cherrytv3 Місяць тому +1

      @@SaurabhKartik07 What is 15% for can you please explain ??

    • @SaurabhKartik07
      @SaurabhKartik07 Місяць тому +9

      @@cherrytv3 when an individual earn 1 crore he have to pay 15% surcharge on income tax it's an additional tax so he have to pay 45% tax total tax rates is some where 63% but a accurate calculation bring it to somewhere 50-55% after claiming GST on some business purchases.

    • @vivekagrawal9418
      @vivekagrawal9418 Місяць тому +2

      @@SaurabhKartik07 you need a good CA

    • @SaurabhKartik07
      @SaurabhKartik07 Місяць тому +1

      @@vivekagrawal9418 if a good ca calculate it, what % i have to pay any estimates!

  • @dhrubajyotidas6376
    @dhrubajyotidas6376 2 місяці тому +1405

    Only tax payers can understand your pain.

    • @jaikumar848
      @jaikumar848 2 місяці тому +53

      @@dhrubajyotidas6376 sahi baat.. Bhakton ko kya samaj aayega 🤣

    • @iAvionn
      @iAvionn 2 місяці тому

      Lol for real ​@@jaikumar848

    • @adityathakoor4922
      @adityathakoor4922 2 місяці тому

      India is the absolute worst to do business in. The government is busy giving freebies to the lower middle class and hand holding the ultra rich. However the people with small to mid businesses are treated like criminals and flooded with notices even if business done honestly

    • @soumyabikashghosh4254
      @soumyabikashghosh4254 2 місяці тому +28

      Although I pay very negligible amount of tax, still I can understand, the situation is getting very toxic day by day .

    • @crax070
      @crax070 2 місяці тому

      ​@Akshat_Zayn..on..teIegammmmfake spotted😂

  • @vivekmishra-mz2nv
    @vivekmishra-mz2nv 2 місяці тому +351

    Some Gyani Babas who are saying that tax rates are high in European countries, USA and Australia must also know that the quality of life facilities and education you get in those countries after paying high taxes is phenomenal but in our self proclaimed Vishva Guru country we pay high taxes after that you pay huge money for our child education & medical facilities, we have to pay huge bribe in getting our petty works done at government offices, we pay huge toll tax for roads which are filled with potholes, huge property tax to live in polluted and filthy locality we have face so many pains in our day to day life and if you raise a question against the government the andhbhakt will tell you to go to Pakistan.

    • @RajeshSingh-ky2oq
      @RajeshSingh-ky2oq 2 місяці тому +10

      You should also consider moving to a country which is free from all the issues.

    • @vivekmishra-mz2nv
      @vivekmishra-mz2nv 2 місяці тому +29

      @@RajeshSingh-ky2oq Definitely bro I am saving and investing all my savings in equity market and will do it very soon

    • @RajeshSingh-ky2oq
      @RajeshSingh-ky2oq 2 місяці тому +10

      @@vivekmishra-mz2nv let me know which country has none of the issues that you mentioned above. I will also consider.

    • @RajeshSingh-ky2oq
      @RajeshSingh-ky2oq 2 місяці тому +9

      @@vivekmishra-mz2nv bro you should have known, this country has so many problems. Is country me paida hi nahi hote. Kisi aur country me paida hote.

    • @FutureWarrenBuffett
      @FutureWarrenBuffett Місяць тому +10

      ​@@RajeshSingh-ky2oq arrey these people will never say that with clean water air and other things Indians also get free ka racial attacks due to color,language and other stuffs!! Obviously you'll get this reply if akshat allows us to share our viewpoint freely without getting muted 🤣

  • @shehzadkhan3003
    @shehzadkhan3003 2 місяці тому +341

    For every 1 Akshat we know who has shifted .... there are Thousands whom we not know of who have left the country because of Pathetic Government Policies

    • @good_life8888
      @good_life8888 2 місяці тому +1

      Hindi me likh le bhai

    • @evensaj
      @evensaj 2 місяці тому +15

      @@good_life8888 le bhai : हर 1 अक्षत के लिए जिसे हम जानते हैं कि वह देश छोड़कर चला गया है, ऐसे हजारों लोग हैं जिन्हें हम नहीं जानते, जो खराब सरकारी नीतियों की वजह से देश छोड़ चुके हैं।

    • @Adhyatm4
      @Adhyatm4 2 місяці тому +8

      Second majority Minority ke naam par 1st majority ke tax par pal rahi hai, bahut bekar government policies hai.

    • @truthanddare1008
      @truthanddare1008 2 місяці тому +7

      @@Adhyatm4 … again andbhakti start … 1st , 2nd , 3rd, …. Sabke income per B J P wale pal rahe hain …. Don’t worry no. 1 ka jhansa deke … alag se tumse chanda mange … politicians khudke sons - daughters ko westerners banaye hai …

    • @PS-to6gr
      @PS-to6gr Місяць тому +1

      Which policy can u specify! And wait for some time Akshat will come back and give one more reason for same !

  • @gayakola3
    @gayakola3 2 місяці тому +764

    It’s a shame we’re losing people because of our policies. I hope Indian government wakes up and starts charging taxes according to the state of the country.

    • @aiochannel2333
      @aiochannel2333 2 місяці тому +4

      Correct

    • @AMBATTANVIKMANDAIYAN
      @AMBATTANVIKMANDAIYAN 2 місяці тому +39

      GOOD DECISION. You cant talk politics in UAE. There is no democrazy there. Dont let old habit haunt you .Dont talk against the rulers, aka Kings. The Kings men will come and take your head. The tax perks is a biscuit that the King pay (or rather throw) to their people - so they dont bark. See its all a trade-off in the world. You loose one and get one. You loose your right to raise voice and you get tax perks

    • @govardhanreddy3515
      @govardhanreddy3515 2 місяці тому +6

      May be in UAE there are no taxes but every other country has taxes equal to or more than india

    • @Aavp72
      @Aavp72 2 місяці тому +1

      It will only get worse. CGT % will increase in the coming years.

    • @jaikumar848
      @jaikumar848 2 місяці тому +26

      Indian govt is busy to waking up "hindus " 😂

  • @sumanpramanik6027
    @sumanpramanik6027 2 місяці тому +821

    Most of the Indians would like to shift if they get the opportunity.
    Happy Shifting 😁

    • @AdityaJape
      @AdityaJape 2 місяці тому +4

      don't think so

    • @AdityaJape
      @AdityaJape 2 місяці тому +3

      Does Ambani shift

    • @Rajastraveltales
      @Rajastraveltales 2 місяці тому +85

      @@AdityaJapeDo you even know Ambani’s grandchildren are US citizen 😂 . Just tell me why Isha Ambani need to travel to USA to birth her children is there any lack of hospitals in India ? Irony is Ambani owns multiple hospital in India .

    • @yshbari8
      @yshbari8 2 місяці тому +18

      @@AdityaJapehe did try for england, check your knowledge

    • @hishighnessab5540
      @hishighnessab5540 2 місяці тому +24

      ​@@Rajastraveltales i like it !!! .. ignorant bhakt troller had no idea he had stepped on a landmine 😆😆😆

  • @AngellLevey
    @AngellLevey Місяць тому +459

    The BIGGEST LIE You've Been Told About Money is that it doesn't grow on TREES!!😉😊

    • @GhanYt
      @GhanYt Місяць тому +1

      I agree with you!! Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments. How you diversify your investment portfolio matters

    • @bahijarhafiri
      @bahijarhafiri Місяць тому +1

      Diversification is the key. My portfolio is well diversified with the help of a financial adviser. This helps me make more than +400% monthly on my investments.

    • @BaffySchenck
      @BaffySchenck Місяць тому

      I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

    • @bahijarhafiri
      @bahijarhafiri Місяць тому

      I've experimented with a few over the past years, but I've stuck with *‘’Julianne Iwersen Niemann”* for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

    • @BaffySchenck
      @BaffySchenck Місяць тому

      Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

  • @pardeeptandon
    @pardeeptandon 2 місяці тому +191

    I have lived in Dubai for a long time. The heat does not affect you as you move from one air-conditioned environment to the next. The only time I have sweated in Dubai is when I am exercising in the gym.

    • @sharonlima8913
      @sharonlima8913 2 місяці тому +5

      I am curious to know more about this... are all your vehicles air conditions? Also is it more of a sweating problem or a skin burning problem if exposed to the sunlight and heat!

    • @pardeeptandon
      @pardeeptandon 2 місяці тому +11

      @@manikyum: Definitely not. It's a 2.30-hour flight home. You can speak Hindi and Malayum at most places. You hardly encounter an arab in your daily life. Its like living in NEW BOMBAY

    • @pardeeptandon
      @pardeeptandon 2 місяці тому

      @@sharonlima8913@sharonlima8913: All cars have A/C. There is no need to walk in the sun. On the roads, there is hardly anyone walking, especially during the daytime.

    • @aegon5399
      @aegon5399 2 місяці тому

      Hi there I want To know what are the perks of Joining UA-cam membership Can we get Stock Updates Or recommendations

    • @KingGodzilla-m2t
      @KingGodzilla-m2t Місяць тому +1

      Dude I'm Chemistry teacher
      Can I become teacher in Dubai?
      In what language I have to teach them? And How much I can earn?
      I really want leave India, I can't survive here.

  • @Joegolberg1
    @Joegolberg1 Місяць тому +773

    Small taxes can affect investment decisions such as whether to choose tax-free municipal bonds over taxable bonds or do a Roth IRA conversion. I’ve been sitting on over $745K equity from a home sale and I want to invest on the stock market, how do I achieve this without being taxed twice?

    • @Justinfred11
      @Justinfred11 Місяць тому

      There’s more benefit to holding fixed-income assets in tax-deferred retirement accounts as opposed to taxable accounts. If you're not who understands strategies to invest in the market, seek a Financial advisor to guide you.

    • @Benjaminarmstrong684
      @Benjaminarmstrong684 Місяць тому

      Indeed, I did make use of a financial counselor. As I get closer to retirement, their advice has been really helpful. I thought compound interest on index funds wouldn't be sufficient because I started late. It's amusing how I've done better than colleagues who have more years of investment experience. I've profited more than $886k tax free.

    • @Joegolberg1
      @Joegolberg1 Місяць тому

      this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

    • @Benjaminarmstrong684
      @Benjaminarmstrong684 Місяць тому

      GREGORY LEO CATTEL is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.

    • @Joegolberg1
      @Joegolberg1 Місяць тому

      he appears to be well-educated and well-read. I ran a Google search for his name and came across his website; thank you for sharing.

  • @mehtavishalk
    @mehtavishalk 2 місяці тому +163

    Akshay is not moving to Dubai but he is shifting his businesses to Dubai. If that's the case, he is still sticking to his original decision to stay in India but as any smart investor / businessman would do, he is moving his businesses abroad to gain benefit of favourable business terms including taxes.

    • @manikyum
      @manikyum 2 місяці тому +4

      He said whatever business he has in India stays in India. He is starting new businesses in Dubai

    • @shaktimaan1064
      @shaktimaan1064 2 місяці тому

      He seems to be a CIA agent. Are you also the same? There is international conspiracy to defame India’s tax regime, which is still way small than many developed countries this people are deliberately running the anti tax movement to damage India’s development and welfare capability. And our people are being carried away by this false propaganda. .

    • @Krishabh_Agrawal
      @Krishabh_Agrawal 2 місяці тому +1

      This is senseless, It's not like he will die without few crores of his huge income.
      People like him don't want to pay so burden falls on us again.
      In short, we will pay more tax while HNIs keeps on leaving.
      Ah, poor guy, what will he do, he is just earning 1-2cr from youtube membership alone.
      We should happily pay because we are peasants.
      The guy can sell and move out of India but that takes time. In future, he might invest only in Dubai and divest everything from India.

    • @utubefreak7167
      @utubefreak7167 2 місяці тому +8

      @@Krishabh_Agrawalno one is stopping you, move out if you want.

    • @sivag2032
      @sivag2032 Місяць тому +1

      While he is moving to cut his taxes.Why cannot he restrict his you tube content to his beloved Dubai.He made his fortune on the demography of India when it comes to tax he wants leave.Smart

  • @karthiknarmeta8445
    @karthiknarmeta8445 2 місяці тому +528

    Average Indian Worked in India for 10years and working here for last 10 years I can fairly say building wealth in Dubai is much easier compared to India. 0 savings in India but saved a decent amount by my standards.

    • @AMBATTANVIKMANDAIYAN
      @AMBATTANVIKMANDAIYAN 2 місяці тому +37

      GOOD DECISION. You cant talk politics in UAE. There is no democrazy there. Dont let old habit haunt you .Dont talk against the rulers, aka Kings. The Kings men will come and take your head. The tax perks is a biscuit that the King pay (or rather throw) to their people - so they dont bark. See its all a trade-off in the world. You loose one and get one. You loose your right to raise voice and you get tax perks

    • @pransky-rl7cs
      @pransky-rl7cs 2 місяці тому +13

      ​@AMBATTANVIKMANDAIYAN greg chappal once rightly said everyone in india has learned over the period of time to bow down their heads if anyone raises their heads it will be chopped down of course in literary sense... any one who has an aspiration to earn more will be targeted for more taxes.. only problem is the disparity that exists in our taxation system they are trying to charge 2% people the income tax to cover up for whole 100% people of the nation

    • @AMBATTANVIKMANDAIYAN
      @AMBATTANVIKMANDAIYAN 2 місяці тому +16

      @@pransky-rl7cs Yes I agree. In india agriculture is the occupation of close to 70 crore people and their tax is ZERO while the western world taxes their farmers.

    • @sanjaydesai6206
      @sanjaydesai6206 2 місяці тому +3

      ​@@pransky-rl7csAbsolutely agree

    • @mukul1230
      @mukul1230 2 місяці тому +7

      That could be true ..one of my friends also moved to Dubai and lives a decent life there...thanks for sharing

  • @Sam-uo6xk
    @Sam-uo6xk 2 місяці тому +422

    Leaving India is one of the best achievements till date

    • @Modiyogimodiyogimodi
      @Modiyogimodiyogimodi 2 місяці тому +25

      Agree, the greatest achievement for any average Indian.

    • @japshankar4051
      @japshankar4051 2 місяці тому +5

      You will loose the upcoming opportunity

    • @Modiyogimodiyogimodi
      @Modiyogimodiyogimodi 2 місяці тому

      @@japshankar4051 I can invest in India sitting outside as an FPI, and pay less tax.

    • @adityathakoor4922
      @adityathakoor4922 2 місяці тому +30

      ​@@japshankar4051yeah but we are already loosing current opportunities

    • @AnishShinde-v6f
      @AnishShinde-v6f 2 місяці тому +3

      Agreed
      Especially if u want to be rich

  • @SadBoy-bq5rf
    @SadBoy-bq5rf Місяць тому +29

    When I was 14 years old, I wanted to become IAS officer but now as a 28 year man, my dream is to become US citizen

  • @devendrasinghsisodiya7864
    @devendrasinghsisodiya7864 2 місяці тому +83

    Nationalism nationalism chilla k sirf ego satisfaction mil skta hai. Genuine issues ka solution nahi milega. Logo ko desh bhakti k naam pe emotional fool bnaya ja rha hai. You made Good decision 👌👌

    • @FactsCountdown
      @FactsCountdown 2 місяці тому +2

      Nationalism is tool to control the masses.

  • @Salman-Bin-Ahmed
    @Salman-Bin-Ahmed 2 місяці тому +354

    Life is short and Taxes are huge, enjoy kar yaar life, if not in India, Dubai main. Happy Shifting.

    • @pritampal6561
      @pritampal6561 2 місяці тому +2

      best : )

    • @Nitish.Singhal
      @Nitish.Singhal 2 місяці тому +2

      😂😂 isse ye toh phucho bhai ye tax kaise bchayega...
      Jo bhi iske shareholding
      And mutual funds hai uspe isko same India wala tax lagega....😂
      Because he is working in Indian markets...

    • @arghyadeep5738
      @arghyadeep5738 2 місяці тому +11

      @@Nitish.Singhal atleast income taxes to bacha lega, which he paid almost 30%+ of his net yearly income, taxes for equity investments are negligable it's hardly 10-12%

    • @Nitish.Singhal
      @Nitish.Singhal 2 місяці тому +1

      @@arghyadeep5738 yes he will save income tax...you are right...
      But he is not doing a job
      He will be under 9% corporate tax
      7000$ annual licence fee
      And many more hidden charges...
      I hope he clarifies more about this in next videos...
      He left us in mystery here

    • @citizenjosie714
      @citizenjosie714 2 місяці тому

      😅happy shifting sand!

  • @FranciszekPawal
    @FranciszekPawal 2 місяці тому +256

    Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account.

    • @AadhilaEesha
      @AadhilaEesha 2 місяці тому +3

      Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.

    • @AnkurYo
      @AnkurYo 2 місяці тому +3

      Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/investment advisor.

    • @BenRovello
      @BenRovello 2 місяці тому +1

      I have thought about it, but haven't figured out how to get consultation, I don’t live in a big city.

    • @AnkurYo
      @AnkurYo 2 місяці тому +4

      Monica Mary Strigle is the licensed advsr I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment. I am close to retirement with 1.4 M to my name outside of retirement accounts.

    • @BenRovello
      @BenRovello 2 місяці тому

      Are her services available to about anyone? Can you share more details?

  • @p.a.sudhir7951
    @p.a.sudhir7951 2 місяці тому +350

    It's pointless paying such high taxes in India especially for the Open Category who stand to gain nothing from any of the policies of the govt, be it State or Central.
    The inflation is ever increasing and the returns on investments keep diminishing, except for govt employees who get inflation adjusted pay raise each year.
    Good that you decided to shift abroad; anyone who has the opportunity should leave India.

    • @Whxwjxwi
      @Whxwjxwi 2 місяці тому +7

      India is not a developed country to developed countries se comparison karne ka koi fayda nahi
      Hum logo ko jyada facilities expect hi nahi karna chahiye
      Agar Mahatma Gandhi,Bose yehi soch lete ki India me to British rule hai
      To foreign hi settle ho jate hai ,to hume kabhi bhi freedom nahi milti
      To yahi rahkar India ko developed banana chahiye
      Aur ha rich logo par tax to lagana hi chahiye,ab gareeb logo pe to lagaege nahi, kyoki agar aapko pata ho to koi insaan agar india me 25k bhi kamata hai to vo top 10% me aata hai,ab isme kitna hi tax laga doge,aur 80cr log to government ration pe ghar chalate hai
      Aur aapke paas to itna paisa save hohi gaya hoga abhi tax ki india ke luxurious life spend kar sako
      To aap sirf apni greed ki wajah se ja rahe ho

    • @yt_bharat
      @yt_bharat 2 місяці тому +3

      how about raising our collective voice for reforms in politics?

    • @UTKARSHARJUN
      @UTKARSHARJUN 2 місяці тому

      ​@@Whxwjxwi No one would care if the government used the tax money efficiently and lower the insane amount of corruption

    • @praneethmamidi2922
      @praneethmamidi2922 2 місяці тому +1

      True

    • @80sguy27
      @80sguy27 2 місяці тому +2

      Good if the so called UCs leave enmasse. The OBC-SC-STs will then have proper representation in private sector and access to resources.

  • @neocore4931
    @neocore4931 2 місяці тому +10

    I work in Dubai. Live in Ajman, for lower housing cost. Has worked well for me. There is also another point that needs to be discussed. Medical cost is very high. All employees and dependents get medical insurance from the employer. If on a golden visa. There is no employer here. You will have to bear the insurance premium. I have a medical insurance cover of aed 500000, which is around 1 crore rupees. Annual premium comes to Aed 9000 or 2 lakhs. Pls consider this in your calculation.

  • @TheImranjm
    @TheImranjm 2 місяці тому +13

    As a corporate employee my 4 months salary is taken by the govt and unfortunately I don't get anything in return. Bad roads , high medical costs and growing real estate prices makes it more difficult

  • @crawl2hell
    @crawl2hell 2 місяці тому +40

    Welcome to Dubai - I can related with your video - one of the key reasons the tax really pinches for every salaried employees when you see the tax payers money you are not getting anything in return - for the very reason I also shifted to Dubai 7 months back

    • @rehyanassasin
      @rehyanassasin Місяць тому

      Planning to search for jobs in Dubai, do you have any idea what the current job market is in uae? Is it a good idea to come for a hunting UI Ux Designer (IT) job

  • @DillonPink
    @DillonPink 2 місяці тому +47

    After living in Dubai for over 20 years, there is no place like Dubai. Would like to learn more Akshat. I've recently started following you on YT.

  • @garvitaN
    @garvitaN 2 місяці тому +26

    The government's ruthlessness in imposing ever-increasing tax loads without any remorse, relief, or advantages in exchange for the taxes to the middle class is so depressing which is the most affected goup by these actions. The government's goal in implementing the new tax regime is not to make the tax system simpler; rather, it is to ensure that there is no tax escape of any kind, unlike under the previous tax regime, which allowed for the benefits of investments, HRAs, and other deductions, among other things, to be taken advantage of.
    The middle class, which works hard to improve their standard of living through other means and investments out of their savings, the government all set to impose policies to seize maximum share like planning to introduce DTC. All this has deterred the middle class hopes.
    The official figure does not accurately depict the actual inflation we are hit with, which is already at its highest point. Furthermore, despite high taxes on the left, right, and center, the middle class lacks access to quality amenities, medical care and private school fee is skyrocketing which the Govt. has completely overlooked as high fees means higher gains for them.
    Not everyone can move out of India but those who can would like Akshat!

  • @the.republictrader
    @the.republictrader Місяць тому +7

    Bro -- Your one line killed it. So brutal honest!
    Life is not easy, I cannot make it easy for you. You have to grind hard for it.
    Salute. Loved the reality being spoken out loudly..

  • @griffinal
    @griffinal 2 місяці тому +16

    Living in Dubai for 3 years now. I have saved more than I could in the prior 10 yrs of working in India.

    • @watchocho2660
      @watchocho2660 Місяць тому +2

      Can you help find a job in Dubai please ?

  • @saurabhheda1302
    @saurabhheda1302 2 місяці тому +30

    Hey Akshat, welcome to the UAE! It’s an amazing place, and I’ve been here for 3 years now, really enjoying the tax-free income. Thanks to moving here, my wife and I have been able to grow our investment portfolios by almost 7x, mostly through stocks and real estate back home. It would be great if you could organize a meetup with the Dubai-based community. Also, I’d love to hear more about investing options from Dubai to India if you have any insights!

    • @Vz11halani
      @Vz11halani 2 місяці тому

      Hi bro,
      Just wants to know your views on dubai real eatate specially small ticket size investment?

    • @manikyum
      @manikyum 2 місяці тому

      May I ask what line of work are you in

  • @SureshS-wh9ld
    @SureshS-wh9ld 2 місяці тому +65

    Many ppl say they have DeshaBakti, until they got the chance to move out of India due to this taxation .

    • @adityathakoor4922
      @adityathakoor4922 2 місяці тому

      Deshbhakti is the bs fed to the uneducated while the government ducks you over

    • @shoaibqaiser8720
      @shoaibqaiser8720 2 місяці тому

      desh bhakti desh k liye hud ki marwanay k liye nai.😂😂😂

    • @theskyraturi
      @theskyraturi 2 місяці тому +3

      nirmala ji ne DeshBhakt se TaxBhakt bana diya

    • @daddy-w6o5
      @daddy-w6o5 2 місяці тому +5

      Those who say 'Deshbhakti' are either unemployed or their incomes are too less to be categorised under the direct tax category.

    • @AmolWagle-d2y
      @AmolWagle-d2y Місяць тому +1

      Deshbhakts have already earned money..hence they give gyaan on staying in India...we should encourage people to move abroad.

  • @AbcAbc-th4yl
    @AbcAbc-th4yl 2 місяці тому +347

    Very wise choice Akshat. Definitely ignore the barking dogs in comments.

    • @Whxwjxwi
      @Whxwjxwi 2 місяці тому +9

      India is not a developed country to developed countries se comparison karne ka koi fayda nahi
      Hum logo ko jyada facilities expect hi nahi karna chahiye
      Agar Mahatma Gandhi,Bose yehi soch lete ki India me to British rule hai
      To foreign hi settle ho jate hai ,to hume kabhi bhi freedom nahi milti
      To yahi rahkar India ko developed banana chahiye
      Aur ha rich logo par tax to lagana hi chahiye,ab gareeb logo pe to lagaege nahi, kyoki agar aapko pata ho to koi insaan agar india me 25k bhi kamata hai to vo top 10% me aata hai,ab isme kitna hi tax laga doge,aur 80cr log to government ration pe ghar chalate hai
      Aur aapke paas to itna paisa save hohi gaya hoga abhi tax ki india ke luxurious life spend kar sako
      To aap sirf apni greed ki wajah se ja rahe ho

    • @rishikeshdas8884
      @rishikeshdas8884 2 місяці тому +9

      @@Whxwjxwi sure sydney sweeney , we should all stay in India only

    • @MrBank-hc1jg
      @MrBank-hc1jg 2 місяці тому +1

      @@Whxwjxwi bhai lekin jitne gareeb paper pe dikhte hain utne hote nhi. Jo bhee businesses own krta hai vo apne taxes Bacha lete hain loopholes ke through. Jitne bhee ye street shops or local ,arkets hote hain, ye sab government employees se kahin jyada kamate hain, pr taxes nhi dete kyunki business krte hain, khud apneko CEO btakr apne business ka, salary dikhate hain boht km hai, expenses boht jyada profits kuch bhee nhi to tax slab ekdum km hojati hai or taxes bhee. Ye raste pr Bina koi rent diye business chalate hain, or Paisa Bach jata hai footpath pr chlne layak jagah nhi, inke customers road pr gadi park krdete hain, sadak pr traffic jam ho jata hai, or koi inhe kuch kehta nhi kyunki ye gareebi wala natak rach dete hain. Aise boht loopholes hain. Agr tm employee ho private ya public companies me, tb tumpr har tarh ka tax lagega. Aur ye government me sab Swiss bank me saare apna black money paisa rkhte hain, apne bacho ko foreign me bhejte hain or paise Swiss bank se unk pass krte hain time to time kharch ke hisaab or wo maharajaon ki try foreign me rehta hain, apni government ke paas uska koi history nhi rehta kyunki Swiss bank allow nhi kre disclose Krna information of customers. Baaki top 5000 families ke paas 25% se jyada GDP ki worth hai, baaki bacha 18% GDP hmare desh me loan ka hai, baaki 50% GDP 1.4billion me distributed hai. Wealth gap dekh rhe ho. Or politicians inn ameero ko aur Ameer bana rhe hain inn loopholes ko na hatake, dono party inn loopholes ko hatane ki baat nhi krti, ek sikke ke dono side hain bs.

    • @Whxwjxwi
      @Whxwjxwi 2 місяці тому +1

      ​@@rishikeshdas8884 sarcasm 😏

    • @AMBATTANVIKMANDAIYAN
      @AMBATTANVIKMANDAIYAN 2 місяці тому +3

      GOOD DECISION. You cant talk politics in UAE. There is no democrazy there. Dont let old habit haunt you .Dont talk against the rulers, aka Kings. The Kings men will come and take your head. The tax perks is a biscuit that the King pay (or rather throw) to their people - so they dont bark. See its all a trade-off in the world. You loose one and get one. You loose your right to raise voice and you get tax perks

  • @preetamjakhmola-o5j
    @preetamjakhmola-o5j 14 днів тому +2

    I pay 55000 Rs per month as Direct TAX and when I raise complaint to GDA for bad road I got Response that they dont have budget…

  • @lazygardnersorchidchannel0303
    @lazygardnersorchidchannel0303 2 місяці тому +12

    You are absolutely right in moving out, the taxation system in India is making life difficult here.

  • @wilsongbenjamin
    @wilsongbenjamin 2 місяці тому +77

    Appreciate your work. We live in a free country India.. So far. We have the freedom so far to make such decisions. You did the right thing by making Dubai 2nd home. I have been doing the same for over 20 years. Flight to India is less than 4 hours. Great place to live Dubai.

    • @manikyum
      @manikyum 2 місяці тому

      What line of work are you in?

    • @AnilKumar-1387
      @AnilKumar-1387 2 місяці тому

      @@manikyum Cleaning Muslims bathrooms.....

  • @TheJeetChatterjee
    @TheJeetChatterjee 2 місяці тому +18

    Dubai's cost of living is at least 100% more expensive than India, cost of housing, schooling and medical is even more, and UAE is full of indirect tax with enormous amount of hidden expenses, cleverly disguised as development charges. What you earn there, you spend there and loan a little bit back from India would actually be helpful. How do i know? Lived in UAE as a software engineer for 15 years with an above average salary. Unless you're a HNI don't even imagine a lifestyle in Dubai. That's only eyewash.

    • @MKDin
      @MKDin Місяць тому +4

      Very true 👍 I have lived my entire life here. You csnnot save money, yes you might have a tad bit better life here but not lifestyle - it costs money. There are no slabs like in India. You can eat, go out, enjoy life as per your budget. Here there is only one slab - rich. All will be well until you have good income coming but God forbid if things dont go your way.

    • @TheJeetChatterjee
      @TheJeetChatterjee Місяць тому +1

      @@MKDin absolutely agree with you🙏

    • @loyd688
      @loyd688 Місяць тому

      But he is claiming that many people from a okayish background have built a wealth of more than USD 5.00 million by doing jobs in dubai. How true you think it is?

    • @TheJeetChatterjee
      @TheJeetChatterjee Місяць тому +2

      @loyd688 absolutely impossible..

    • @Mishra-dq6hw
      @Mishra-dq6hw Місяць тому +1

      @@loyd688 obviously not true , it is up to you to figure out which one is ok , which one is promotion . Apart from low tax rest other things are negative.

  • @thee_draagon
    @thee_draagon 28 днів тому +1

    In one of the south movie there is a dialogue which by an old man "Son, the problem with your generation is you people fly to other places where you can have freedom, but our generation fight for it and bring it where we are". That hit me hard. It's the same thing now, instead of fighting, we are choosing to fly away to another location

  • @ralph9960717494
    @ralph9960717494 2 місяці тому +11

    I can resonate the points being made here, being a middle class tax payer in India is like slogging to uplift the other mass with 0 privileges

  • @MrBank-hc1jg
    @MrBank-hc1jg 2 місяці тому +145

    Both females FM Nirmala Sitaraman and Sebi chief are keeling Indian finances and economy. They were hired to fill female quotas and push the agenda that we fully supported women, see we gave them important seats. Now the same women make bad decisions, do not take accountability and responsibility and shift the blame. All power and respect, no responsibility. This is why men should lead every important positions especially financial responsibility of the whole country. In our society, people only keep men accountable, ask tough questions, give them warnings and punishments for bad decisions and let go of women's bad decisions as "chalo wo ek ladki hai", in any emergency it's "women and children first", they treat them as children in harsh times but also give respect and power as men in good times, this is called cherrypicking the good side of both. Nirmala is the worst FM in the history of India. I say that as a bjp supporter.

    • @user-qu9xo1lq3i
      @user-qu9xo1lq3i 2 місяці тому +12

      Wholeheartedly agree the worst ever in the history of India n taxpayers

    • @middlecla4105
      @middlecla4105 2 місяці тому

      But politicians never make policies or run them ,they are just face

    • @UnknownManOf_india
      @UnknownManOf_india 2 місяці тому +9

      Bhai such bola hai... as bjp supporters economic going down because of Tai and Sebi Tai ... Itne sare log hai india me kisko de diya hai finance

    • @xldworld
      @xldworld 2 місяці тому +4

      It can not be explained better

    • @BuJyo
      @BuJyo 2 місяці тому +11

      It’s incorrect to assume that women in leadership inherently shift blame or evade responsibility. This notion undermines the efforts of countless women who have excelled as corporate heads and leaders in various sectors. The real issue is incompetence, regardless of gender. Look at women leading companies or teams efficiently across the globe. Leadership failures are due to lack of skills, not gender.
      My perspective on political support has shifted since I started paying taxes. India's growth feels hollow, or khokhla, because we're seeing problems where the stock market rises while there’s barely any real growth in employment. The gap between rising wealth in the market and unemployment is widening, which speaks to a deeper issue.
      Narendra Modi and Amit Shah's influence on the stock market, especially during election cycles, raises concerns. If these market manipulations were done by an influencer or businessperson, legal consequences would be swift. Yet, the SEBI (Securities and Exchange Board of India) remains notably silent on many such issues. Additionally, the increasing charges SEBI imposes on stock purchases are squeezing small investors, making wealth-building through the stock market less accessible.
      Previously, dividends and capital gains from stocks weren’t taxable, but now the financial burden on individuals investing in the market has significantly increased. It's a sign of mismanagement and misplaced priorities in our economic policy. Instead of addressing core issues like education, healthcare, and employment, we’re seeing grand projects like statues, temples, and flyovers built before elections. These may serve political optics, but they don’t solve the structural problems in the economy.
      The political class has become disconnected from reality. Our politicians, in many cases, seem like beggars for votes, relying on last-minute populism to mask their inability to address the country's real challenges. The real tragedy is that we as a society have become complacent. Educated people won’t protest or voice dissent against unjust laws, and those who might challenge the system lack the necessary political literacy or platform to make a difference.
      As for specific female leaders like Kangana, Nirmala Sitharaman (Finance Minister), and Madhabi Puri Buch (SEBI Chairperson), the problem isn’t their gender. Incompetence can arise in any leader, male or female, when personal ambition or systemic issues cloud their judgment. Even politicians like Mahua Moitra, who come from backgrounds in finance, can get ensnared by greed or the system.
      We might feel like we can change the world with our opinions, but in reality, we have to navigate this world with a focus on protecting ourselves and our families first. The system may be flawed, but it's important to stay informed and vigilant about how policies and leadership affect us, and to advocate for meaningful changes when possible.

  • @suvobrataghosh2540
    @suvobrataghosh2540 2 місяці тому +17

    I am based in Dubai for the last 22 years. Would love to meet you sometime in the near future

    • @Kumar-zx8mj
      @Kumar-zx8mj 2 місяці тому

      Great

    • @Vz11halani
      @Vz11halani 2 місяці тому

      Brother can u plz share your views on dubai real estate specially small ticket size investment?

    • @Mishra-dq6hw
      @Mishra-dq6hw Місяць тому

      @@Kumar-zx8mj what is great about it ? 😂

  • @sudhirkumar9020
    @sudhirkumar9020 2 місяці тому +68

    Sir this is my 20th Year in Dubai, UAE since I started working as a fresh engineer here. Yes there is no TAX which is definitely an added advantage. However the kind of rent and education fee you will pay here is among the top10 cities in the world. Just to share a better perspective-One year of my daughter's school fee in Dubai is equivalent to my entire life's education cost which my father had to spend 😂.

    • @thisiskarsh
      @thisiskarsh 2 місяці тому +1

      hows the education? and in comparison with indian education?

    • @naveenrreddy2008
      @naveenrreddy2008 2 місяці тому +24

      Same case with India, my kid's one year kindergarten fee is more than my entire graduation (merit seat) and high school fee combined

    • @User122-ls2cd
      @User122-ls2cd 2 місяці тому +4

      In India , top metro cities, good schools are charging exorbitant prices

    • @anjaninandanshukla7472
      @anjaninandanshukla7472 2 місяці тому

      Then send him in a cheaper option of it takes a toll on you to afford that don't overstretch​@@naveenrreddy2008

    • @anoopjoseph8157
      @anoopjoseph8157 2 місяці тому +16

      This the case with any metro in India. So tax advantage in Dubai will easily cover that expense and more.

  • @Liberal_right
    @Liberal_right 2 місяці тому +28

    He is very smart and knows how to attract audience in UA-cam channel & in his own paid community channel

    • @Yash.027
      @Yash.027 Місяць тому +3

      Ok. And since he is smart, his decision to leave India should be apppreaciated. You love him so much 😊

    • @Anton-tf9iw
      @Anton-tf9iw 27 днів тому

      Fast talking money addict, from India the land of spirituality......

  • @sajeevank7203
    @sajeevank7203 2 місяці тому +5

    Don't be hurry for Dubai . Bcoz there too the chances are high to introduce income tax . A few years back they brought in VAT for goods and services , Last year came the Corporate tax . And next will be Income Tax. Oman already introduced Income Tax last month. For sure other GCC countries including UAE will follow the same . Dependency on oil income gradually coming down as the world is is very serious about the carbon emission and focus is on EVs and renewable energies now...

  • @awadheshkumarsingh4190
    @awadheshkumarsingh4190 Місяць тому +3

    Once crude oil prices drop, Dubai may begin increasing taxes, which could lead to a decline in property demand. This could result in a sharp depreciation of property values in the region. The Middle East, particularly Dubai, appears to be an intentionally created bubble that may be poised to burst by 2035. Singapore and dubai have very much different geographical and demographic conditions.

  • @Rajput_warrior14
    @Rajput_warrior14 2 місяці тому +6

    All the best big brother. You've made the right decision..

  • @DrJaswin_Dsouza
    @DrJaswin_Dsouza 2 місяці тому +3

    I'm a doctor and also Planing to shift to Dubai soon oncenif finish 3 years experience.
    Indian govt policies are a joke.
    Taxing the middles class, poor infrastructure and roads but big time road tax, Religious hate, caste discrimination, reservations system, Political involvement or greasing of officials , Monopoloxation of the businesses by the ultra rich with political backing, poor labour laws ( indias labour laws are the worst), harassment of women and what not.
    There are many other places you can be happy in life

  • @brolysujay
    @brolysujay Місяць тому +2

    No matter what, you being this transparent is so refreshing in UA-cam and finance space.
    Best of luck to you man.
    F the trolls.

  • @itsrespect123
    @itsrespect123 6 днів тому

    I pay 12 lakh tax annually and nothing from the Govt like good roads, infrastructure and there is a huge communal violence in India I'm going to shift a better country

  • @AkhileshDabralz
    @AkhileshDabralz 2 місяці тому +5

    Thank you, Akshat. I'm an non-resident Indian, and I am in a similar situation. I have some income in India, and I'm also considering diversifying my investments and exploring the option of setting up a business in the UAE. Thanks for providing such a clear explanation.

  • @tradingking1433
    @tradingking1433 2 місяці тому +4

    Most of our citizens are shifting for job,for savings taxes to muslim countries like dubai ,Qatar,Kuwait,Saudi Arabia,Oman...

    • @jaychoudhury1401
      @jaychoudhury1401 2 місяці тому

      Tomorrow if these Muslim countries wish to change laws, they can do so without caring its dwellers since they are not democracy.

  • @rakeshkumar28
    @rakeshkumar28 2 місяці тому +8

    Akshat, I initially had a lot of admiration for you. However, your constant shift in stance has been disappointing. First, you strongly discouraged investing in real estate, only to later invest heavily in it yourself. Second, you repeatedly expressed your commitment to staying in India, emphasizing your desire to give back to the country that gave you so much, yet you chose to relocate to the Middle East. It's disheartening, and I hope that ordinary people in India don’t get misled by your advice, as they may not be aware of your past contradictions.

  • @deoncardoza2051
    @deoncardoza2051 6 днів тому

    I currently work in Dubai. I barely used to make ends meet in India. But here, within a span of 3 years, I've built a portfolio that is enough to make me quit my job today and settle in india. Btw, I'm 24 now.

  • @priteshmehta3033
    @priteshmehta3033 Місяць тому +1

    I am into business setup industry in Dubai. You have covered most of points.
    Hiring lawyer and CA is mainly on high risk activity business. Rest of time you don’t need full time CA or Lawyer.

  • @Aavp72
    @Aavp72 2 місяці тому +6

    CGT will only increase in India. The Government is desperate for a larger piece of your pie. At present, you pay Income tax, and invest your taxed money. Then you pay GSt on what you spend on your money thats already taxed, and they tax you CGT on your funds that are already taxed.

  • @Vancqa
    @Vancqa 2 місяці тому +14

    Only watch video if you pay huge taxes..government is literally taking huge income out of you..800 million eat free contribute nothing to economy..its big issue...targeting just 4-5% who pay taxes is only way out...🎉🎉

    • @veerendrawasawade5259
      @veerendrawasawade5259 2 місяці тому +2

      Income tax contributes only 16% of Govt income. 60% of Govt income comes from GST which even poorest Indian pays.For all infra development in the contry 60% contribution is common people.

    • @Vancqa
      @Vancqa 2 місяці тому +1

      @@veerendrawasawade5259 get your facts right..lol

    • @veerendrawasawade5259
      @veerendrawasawade5259 2 місяці тому +1

      @@Vancqa get your facts right.

    • @KC-ik6mp
      @KC-ik6mp Місяць тому +2

      ​@@veerendrawasawade5259 But direct tax payers are also paying the same GST when they spend their taxed money so basically paying taxes at multiple level..Your argument makes no sense😂😂

    • @veerendrawasawade5259
      @veerendrawasawade5259 Місяць тому

      @@KC-ik6mp As per estimate 60 percent of GST is contribution comes from 30 low income strata.but only 30 percentage of GST is spent by GOVT to this class.

  • @jaydeepamrania390
    @jaydeepamrania390 Місяць тому +1

    It's really surprising that Indian government is not making policies to tap 98% of people who do not pay taxes, instead putting excessive burden onto just 2% who are really working hard to make their and their families lives better.

  • @thearindambiswas
    @thearindambiswas Місяць тому +1

    Lifestyle expenses for middle class is around 5-6 lakhs per month.
    Similar lifestyle expenses in India would be around 2 lakhs.
    The difference is around 3-4 lakhs per month which is around 36-48 lakhs per year.
    Let's take 42 lakhs on average. India has personal income tax, while UAE does not. If you feel your tax liability in India is around this figure, it makes sense to move to UAE.
    India will give you the option to scale your expenses to a lower level, if the circumstances demand so. Doing so in UAE makes no sense cause part of the bargain to move to Dubai is for the better lifestyle and infrastructure, which it has, no doubt.
    Also, this depends on your earning potential.

    • @thearindambiswas
      @thearindambiswas Місяць тому +1

      I save about 60 lakhs every year in India while leading a decent and comfortable life in India.
      My friends in Dubai are pretty much saving the same but have a busier life.
      My lifestyle expenses are around 2-3 lakhs per month but have an ample amount of time at my disposal.
      If my income increases by about 50 percent, it would start making sense to move to Dubai.
      One thing that people discount is that activities in Dubai can be very very expensive.

    • @alverzenongkhlaw5688
      @alverzenongkhlaw5688 Місяць тому

      ​@@thearindambiswasassamese???

  • @divyagoyal8018
    @divyagoyal8018 2 місяці тому +11

    Even if you are in Dubai, capital gains from indian equities will be taxed, as per origin of gain clause. So it does not matter if you go to any tax free country. Any capital gain from indian equities will have to be paid as per indian tax laws

    • @practicalInvesting1
      @practicalInvesting1 2 місяці тому +9

      If you file for a TRC (Tax residency certificate) in UAE, you are exempt from paying any capital gains tax in India.

    • @logontomk
      @logontomk 2 місяці тому

      @@practicalInvesting1 yes, but it is not easy process and it is very tidious to do..also there are other challenges like if im saving for my retirement i cannot withdraw money before that and during retirement many will be going back to india only ,not in abroad..so nri status can't be maintained in this case..

    • @practicalInvesting1
      @practicalInvesting1 2 місяці тому +2

      @@logontomk its a fairly simple process. Your other comment about retirement etc I don’t really understand

    • @desi-musk
      @desi-musk 2 місяці тому

      @divyagoyal8018 Before making any claims, do fact checks. You are misleading people with your comment.

    • @logontomk
      @logontomk 2 місяці тому

      @@practicalInvesting1 let say i have invested 10 lacs in mutual fund when i'm in dubai at age of 35 for my retirement purpose, which i want to utilize when im 60 year old..
      now at 40 if i'm moving back to india,how can i redeem all that amount when my goal is not reached? Do i need to do this just for saving tax?

  • @manojpareek1414
    @manojpareek1414 2 місяці тому +3

    Agree, Indian govt only work for corporate...this is how HNI moving out of India...that 2-3% tax player remain same percentage.... its time INDIA to change

  • @sumitarora7437
    @sumitarora7437 2 місяці тому +4

    Yes,Please make a video for IT people to search job in Dubai from outside.

  • @jinspappanal
    @jinspappanal 26 днів тому +1

    If they don't collect the Tax, how will the Politicians Live? The Main Problem with India is that many politicians live on Taxpayers' Money without doing any Work.

  • @RameshSah
    @RameshSah 2 місяці тому +4

    Around 4000 wealthy people leave India every year 😀😀

  • @chathurakavi
    @chathurakavi 2 місяці тому +54

    India has the worst taxation system.... Last ten year has been terrible for taxpayers.... Dictatorship government can't help 😢

    • @mw3175
      @mw3175 2 місяці тому

      RSS BJP govt are dictator anti Indian

    • @uditbasumatary7145
      @uditbasumatary7145 2 місяці тому

      What

    • @ruskip
      @ruskip Місяць тому +4

      Do you even pay tax 😂

    • @storyadda5904
      @storyadda5904 Місяць тому +1

      कितना कमाता है साल में , Tata से भी ज्यादा कमाता है क्या तू

  • @mitulagrawal688
    @mitulagrawal688 Місяць тому +1

    What an honest person you are, risking your life and saying truth about India

  • @-sg9zu
    @-sg9zu Місяць тому

    എന്റെ കുട്ടിക്ക് 2 വയസ്സാണ്, ഒരു നല്ല parenting കൊടുക്കാൻ വേണ്ടി ഞൻ improve ആകാൻ തപ്പി നടക്കാണ്, അപ്പോൾ ആണ് നിങ്ങളുടെ വീഡിയോ കണ്ടത്, ഗ്രേറ്റ് സർ. Thankyou. ❤️

  • @jamesraj6531
    @jamesraj6531 2 місяці тому +6

    Wealthy Indians move outside for sure with current political unrest atmosphere .

  • @abhineswarjena3051
    @abhineswarjena3051 2 місяці тому +3

    Honest views. I don't want to sound partial but the fact is this Government and only this Government has screwed the middle class. Tax tax tax. I feel happy when i see a person moving out of the country due to such grinding taxes.

  • @kevindsz
    @kevindsz 2 місяці тому +16

    General Category should do their best to leave India.
    We get nothing and Infact are constantly penalised.

    • @dr.manishkumarjain227
      @dr.manishkumarjain227 2 місяці тому +3

      Agree … Now India 🇮🇳 means country of SC and ST and OBC .. Every citizen who get opportunity to move out they have to for sake of their children future… I would also request all General category person who is in 35 % IT slab with 28 % GST should move out quickly as possible

  • @FaheemSait
    @FaheemSait Місяць тому +1

    There is a concept of Exit tax whixh I guess is not there yet in India.
    Exit tax: When you have created your wealth in a country and want to shift, you need to pay exit tax.
    So before it is forced in India, please get put guys.

  • @Shiva-Cosmos
    @Shiva-Cosmos Місяць тому

    People should learn simplicity from you. It's quite uncommon in todays time. I really love your honesty, simplicity and no non sense.

  • @rupeshjha02
    @rupeshjha02 2 місяці тому +10

    Gyan pelo India me. Paise kamao aur shift kr jao Dubai. Sika sara analysis galat hota hai. BS gyan peeta hai.

    • @dr.manishkumarjain227
      @dr.manishkumarjain227 2 місяці тому

      Do do not understand the pain until you pay taxes and belong to general category

    • @Pandey-c3s
      @Pandey-c3s Місяць тому +1

      ​@@dr.manishkumarjain227correct
      Our money is spend mainly in dalit obc st sc and muslims and they used to give bullshits
      Not getting any support from government pay taxes and taxes
      When we sit in exam or entrance 60% seat are reserved what we expect

  • @shaikhasif3853
    @shaikhasif3853 2 місяці тому +6

    Most of my friend who got good opportunities moved out.

  • @Kunal3824
    @Kunal3824 Місяць тому +3

    Nothing wrong in paying taxes but questions is what facilities you are getting after paying hefty decision

  • @ASH9366
    @ASH9366 Місяць тому +1

    20-30 crore log dusre desh shift ho jaye toh india ke liye accha hai , 10-20 saal baad fir mann kare toh india aah jana ,tab tak achhi cities developed ho jayega.
    I think government bhi aisa hi chahte hai , everytime minister's visiting other countries they making good deals on Immigration ...
    Wish you good life 🙏

  • @eduzoom3476
    @eduzoom3476 6 днів тому

    Dear everyone is paying huge taxes.
    Only 2 percent are paying income tax also.

  • @MrKragen121
    @MrKragen121 2 місяці тому +2

    Good move! Habibi welcome to Dubai-The city of Gold

  • @amithbhanudas7995
    @amithbhanudas7995 2 місяці тому +36

    All the best!
    only lighter note - consider giving free membership to wisdom hatch and other communities to the folks left behind in India. After all, they need to now bear the burden of the tax gap, resulting by your exit, and those exiting after being inspired 😀

    • @rishabh_agarwal
      @rishabh_agarwal 2 місяці тому +1

      He already told b4, free ki cheez ki value nahi hoti.😂.so he won't do this

    • @Nitish.Singhal
      @Nitish.Singhal 2 місяці тому

      He still has to pay taxes on all money he earns from Indian markets....
      Iski majority wealth toh India market mein hai toh ye tax kaise bacha pyega bhai ??
      He will be a taxpayer.... don't worry...😅

    • @subh_8208
      @subh_8208 2 місяці тому

      is the membership worth it?

  • @poem
    @poem 2 місяці тому +21

    Happy for you 👍🏻
    Best of luck 🎉

    • @Whxwjxwi
      @Whxwjxwi 2 місяці тому +1

      India is not a developed country to developed countries se comparison karne ka koi fayda nahi
      Hum logo ko jyada facilities expect hi nahi karna chahiye
      Agar Mahatma Gandhi,Bose yehi soch lete ki India me to British rule hai
      To foreign hi settle ho jate hai ,to hume kabhi bhi freedom nahi milti
      To yahi rahkar India ko developed banana chahiye
      Aur ha rich logo par tax to lagana hi chahiye,ab gareeb logo pe to lagaege nahi, kyoki agar aapko pata ho to koi insaan agar india me 25k bhi kamata hai to vo top 10% me aata hai,ab isme kitna hi tax laga doge,aur 80cr log to government ration pe ghar chalate hai
      Aur aapke paas to itna paisa save hohi gaya hoga abhi tax ki india ke luxurious life spend kar sako
      To aap sirf apni greed ki wajah se ja rahe ho

    • @daniecraig2290
      @daniecraig2290 2 місяці тому

      ​@@WhxwjxwiRich logo ke upar taxes lagaoge to wo desh chhod denge jobs provide kaun karega foreign investment kahase aayega sarkar ye sab janti hein.

  • @SonuKumar-sb1kt
    @SonuKumar-sb1kt Місяць тому +1

    From liberalisation to reducing taxes Indian government will understand slowly, just like liberalisation were done decades later. Some changes like No taxes city like gift are in phase of build-up.😊

  • @SaravanaKumar-ku4kj
    @SaravanaKumar-ku4kj 2 місяці тому +2

    I am small business man I closed all my business in last 3 years tax tax tax - apart from that this charge that charge - it’s really painful

  • @prashanthvarma7560
    @prashanthvarma7560 2 місяці тому +5

    Happy shifting!... BTW... even after changing your tax residency, your LTCG and your STCG are still the same for NRI also and if you stay in few countries like USA and Canada you are supposed to declare if you invest in mutual fund... business profit tax i agree but for individual level I dont see much of a profit... only salary slab we can restrict... let me know if I am wrong ..just a health discussion

    • @InderSingh-jt2le
      @InderSingh-jt2le 2 місяці тому +1

      Yes, you are correct. But, I guess he is starting new businesses in Dubai. So, in that case he will pay taxes only in Dubai which is much lower than India and he will not have to pay any tax in India for that.
      I hope that answers your question.

    • @prashanthvarma7560
      @prashanthvarma7560 2 місяці тому

      @@InderSingh-jt2le yes thank you...

  • @pankaj22518
    @pankaj22518 2 місяці тому +18

    The middle class works for 2 months in a year for the government to pay taxes, good that you shifted.

    • @daddy-w6o5
      @daddy-w6o5 2 місяці тому +1

      With the current slab rates, It's 5 months sir if you incorporate direct taxes only and much more than 5 months if you consider indirect taxes like CGST, SGST, LTGC, toll etc

  • @meanoz9243
    @meanoz9243 2 місяці тому +20

    So rich doesn't want to oay taxes and the poor cannot pay taxes, then who is going to pay 😂. People in the comment section are behaving as if they are having 100 crores in Bank Account and going to Dubai next week.

    • @GurpreetSingh-br4vz
      @GurpreetSingh-br4vz Місяць тому

      Hahahaha😅

    • @NatureBoyWooo
      @NatureBoyWooo Місяць тому +1

      Nobody should pay. You are getting nothing in return anyways.

    • @dheerajpimoli9539
      @dheerajpimoli9539 Місяць тому

      Seriously man you are getting nothing think Harder. there are problems but you are getting many things second there are only few Indians who pay taxes and we have 140 cr population. ​@@NatureBoyWooo

    • @sivag2032
      @sivag2032 Місяць тому

      ​@@NatureBoyWooonothing in return.Let is have thieves roam freely,no maintenance on your EB or Water,No more LPG from PSUs.Let us have free ride

    • @screenmad4431
      @screenmad4431 Місяць тому +1

      Its not about paying taxes, it's how those taxes are wasted on useless pusuits

  • @S________________________P
    @S________________________P 2 місяці тому +2

    Superb explanations and everything you said was very informative. Taxation in India is horrible. Actually, I also wish to work in Middle East mainly Dubai. Going to become a CA by Profession after 2 months. Need guidance.

  • @aniketjadhav2569
    @aniketjadhav2569 Місяць тому

    Got opportunity to move to Bangkok and after researching from past 2 months about the Bangkok I feel Dubai's cons are Bangkok's pros. Just tax is there but you can reduce it a lot compare to India. Definitely excited

  • @Pradeepch21
    @Pradeepch21 2 місяці тому +43

    @Akshat It takes guts to share this kind of update when you are totally aware of the hate to be received. Appreciate the honesty.
    I agree that investment options are limited to earn handsome revenue without paying significant tax.
    My only question is will you continue to offer suggestion on Indian stock market ?

    • @Nitish.Singhal
      @Nitish.Singhal 2 місяці тому

      He deserves no hate...as he has paid all taxes on his income and its his wish to spend it ,with his choice...
      Only gimmick he used to fool common people is that he didn't tell that he would be paying all the taxes on stock market income just the same....
      Only his dubai business income won't be taxed...

    • @Mishra-dq6hw
      @Mishra-dq6hw Місяць тому

      Could be paid promotion.

  • @sirajuddinzubair2234
    @sirajuddinzubair2234 Місяць тому

    Good job I was recently in Dubai and looking for investment in coming future. Thank you so much for your honest and professional feedback.

  • @priyankjhoshi2040
    @priyankjhoshi2040 Місяць тому +2

    How can a stock market trader shift to Dubai & can one trade in indian market from Dubai. 🙏🏻 please reply.Or make a video please 🙏🏻

  • @gstindia3814
    @gstindia3814 2 місяці тому

    I spent only 3 Days in Dubai and found that Indirect taxes were too much, I got only concrete Jungle no greenery, Metro travel was horrible, CAB charges were too much, Internet is costly, it's not have diversity like India, within Only 3 days I got so many demerits in Dubai over living in India. Many other countries are better than Dubai if an Indian don't want to live in India.

  • @kings247online7
    @kings247online7 2 місяці тому

    Awesome!!.not a bad choice... I m in Canada invested in Indian bank FD...but now deciding to shift all my bank balance to Canada.
    Indian rupee is drifting down every year and keeping FDs in India has no sense... hope I m going in a right direction.
    Compliments from Canada(OCI)

  • @satyajeetmohanty3696
    @satyajeetmohanty3696 2 місяці тому +5

    The taxes of India are definitely too high with hardly any facility specially after retirement.

  • @hairpinbends
    @hairpinbends 2 місяці тому +13

    Welcome to Dubai. It will be great if we can meet some day. I have been following your journey for almost two years and learnt a lot about investing in stocks. In past 6 years i have been reducing my remittence to India and investing here due to these taxation direction.

    • @Vz11halani
      @Vz11halani 2 місяці тому

      Brother what is your view on dubai real estate for a Small ticket investment ??

  • @shantanuthorat7587
    @shantanuthorat7587 2 місяці тому +8

    People who find it hard to understand: If you're working 9-6, A THIRD OF IT GOES IN TAXES. You're working for 3 hours everyday for free without any compensation, without any benefits and you'll be doing that from age 25 to age 60.

    • @prameyprabhudesai864
      @prameyprabhudesai864 2 місяці тому +2

      Its not exactly that correct? Only people earning above 8 lacs per year pay at-least some direct taxes. So only people earning decent money pay good taxes. Until 15 lacs/year income, you don’t really pay over 1.5 lacs in taxes which is not even 10%+ on your income. I myself paid about 19% total tax on a high 30% bracket income.

    • @SKasT84
      @SKasT84 2 місяці тому

      You have made decision which is best for you n your family's future. Dont pay attention to trolls please

    • @prameyprabhudesai864
      @prameyprabhudesai864 2 місяці тому

      @@SKasT84 whom is this directed towards? I dont see any trolling here??

    • @GurpreetSingh--
      @GurpreetSingh-- 2 місяці тому

      ​@@prameyprabhudesai864 bro indirect taxes are also high here in india . And everyone pays those.
      its not just about direct tax.

    • @prameyprabhudesai864
      @prameyprabhudesai864 2 місяці тому

      @@GurpreetSingh-- agreed 100% but my point specifically relates to direct taxes only as the original comment was related to that 🙂

  • @amarmukkawar5934
    @amarmukkawar5934 Місяць тому +1

    Honestly, even I feel that India is no more good for a tax payer where we lack facility, justice & infrastructure.

  • @Cr-ez1ce
    @Cr-ez1ce 2 місяці тому

    People are trolling for no reason. As an unbiased viewer, it really makes sense to me why you are taking this step. I work in one of the FAANG in India and would love to move to Dubai. FAANG pays you 2.5-3x your salary in India, with Minimal tax. And work culture is similar to Europe. In fact people from Europe and looking to move to Dubai, coz Dubai pays more than Europe.
    I have a few personal commitments this year and next but would definetly want to move by 2026.
    Best of luck to you Akshat!

  • @adiii_87
    @adiii_87 2 місяці тому +4

    These things are possible only for ultra rich elite class man. Even decent earning ppl life will become hell in search of tax saving things they might see severe kind of weather who can't be bearable for everyone. Also once Dubai becomes crowded like other big mega cities they will also start taxation just wait.

  • @Witty_Engineer
    @Witty_Engineer 2 місяці тому +23

    Inka Goa wala property return de nahi rha.... 2 saal bad ye dubai se delhi aayenge racism ka rona rokar...

    • @manikyum
      @manikyum 2 місяці тому +2

      Dubai me Indians k against racism hai kya? Waha to poore Indians hi hain

    • @Talkfacts.
      @Talkfacts. 2 місяці тому +2

      ​@manikyum Indians ke against racism har jagah hai buddy. Believe me or not I have seen it.

    • @RameshBob
      @RameshBob 2 місяці тому +3

      In India too there is racism in the name of caste and religion

  • @MINATOYELLOWFLSH2005
    @MINATOYELLOWFLSH2005 2 місяці тому +4

    Panoti level is so high, now Dubai will introduce income tax very soon.😂

    • @aileen8492
      @aileen8492 2 місяці тому

      Still it will not be more than 10%

  • @LifeFun860
    @LifeFun860 2 дні тому +1

    Yes, first time you are right.

  • @ajayrawal5730
    @ajayrawal5730 Місяць тому +1

    First talked about Mutual Funds, Then talked about goa Airbnb , Now moved to Dubai.
    He take money 🤑 from private lenders and make people fool.

  • @kspace0
    @kspace0 2 місяці тому +15

    After watching this video, 3/10 Indians decided to move to Dubai. 10 years fast forward…. They complain of traffic, population, tax, inflation in Dubai and plan to comeback to India

  • @NiranjanBendre
    @NiranjanBendre 2 місяці тому

    Earned and saved all the money outside India. It is possible in India but lots of discipline required but inspite of all the money you breathe the same air and travel on the same roads etc.

  • @Desh_bhakt24
    @Desh_bhakt24 2 місяці тому +4

    The whole ecosystem, policies and socio economic structure is such that you cannot do profitable business in India, the markets are overvalued and will soon stop giving bumper returns.
    Taxation and ease of doing is business is just horrible, in simple terms if you get a chance to shift outside you do that without a second thought, very soon taxation will increase exponentially and it will be almost impossible for people with good income to become financially free or retire early.
    Aur abhi to BJP ki govt hai agar kahin opposition waale aa gaye 5 saal to market to doobegi hi uske saath saath jaise loota jaayega taxes ke thru to fund socialist welfare schemes it will be disaster, so abhi bhi time hai, mauka dekhte hi nikal jaao.