How Indian Traders Avoid Paying Taxes LEGALLY!
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- Опубліковано 3 чер 2024
- How a lot of Indian Traders avoid paying taxes by moving to UAE in a 100% legal way.
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#MoveToDubai
Super Secret Strategy revealed by Mr. PRS.
There is a beautiful quote.
" it doesn't matter how you earn it's how much u save"
After all stt and other charges, Govt should consider reducing taxes on stock market earnings, atleast for small profits upto 2 lacs for a year
If your income is less than in a FY is 2.5 lakhs or even less than 10 lakhs you're not forced to pay taxes... Book an appointment with any good or average consultant. They will guide you...
@@the.candlelight_2094 thats if his total income under heads is below 2.5 lakhs
Under section 112A u can get threshold limit 1 lakhs capital gain profit
It's not applicable on trading income
You sounded very honesty and realiable
while being dishonest to the country that gave you so much.
Law is skewed towards the advantages of super rich. The Indian earning class is destined to pay taxes of 60% of their earnings.( IT plus, various taxes on your purchase means you end up paying more than 60% of your earnings as taxes).
Better to shift to Business Class, even a small step today will lead to larger growth in future.
A car real price is half of it.
Not just the law, it's the nature of the society and that's how the economy works. Buy a small packet of maggy, it'll cost More per unit vs a big packet. Buy it in a mall in south Bombay, the big packet will have some discount, now imagin some nobody buying the small packet in a poor village in india.
Same with money, you've less money you get less interest. Everything is like that.
Yes true
I am about to pay 40 lac rupees in taxes this year and that is just outrageous that I have to pay that much on just 1.3 cr income. that's literally 37% taxes I have to pay. I am gonna use Dubai to reduce my taxes.
Sir, admire your work, wish to learn more from you
bahrain dinar also Pegged with United States Dollar it's value is 1 bhd=0.377 usd
As per section 4 of Income tax act, 1961.. tax is levied onincome of a person of indian origin and as per case law it has been decided that any income which is generated in india.. like fno from Indian stock companies (even nifty and bank nifty is composed of Indian stocks only), then tax is required to be paid by the person.. and residency won't matter here because generation of income is from Indian companies only. Thanks 🙏
Thankyou sir. This is super idea.
Yes i am in india and i just pay 50% of my portforlio earnings, market crashes. yet it has not bottomed, It has no business at this level in the first place, pumped up by the Fed and central banks around the world. You can still be 100% invested at this level. Good luck! I prefer to sell the bounce and keep 50% cash. I will not get back into the market more than 50% if S&P is not 30% lower from here. I trade and make quick profits. With this inflation and my expectation on the economy, I am ok with 70% cash. I don’t short the market. Just keep selling the bounce!
describe an unknown factor that hasn't made the UA-cam headlines widely yet
I am sitting on cash. I sold my stocks but the best part about this sell-off i have been mostly right, the worst part about it is that i don’t short anymore so I’m not making so much money but at least i will get to buy twice the stock with the same USD amount.
@@monicamoore4329 It's been a terrific experience, I actually made my first ever 6figure profit of about 28 BTC in 5 months and I'm getting more active and knowledgeable in the market.
how did you achieve that?
I outlined a decent sum and I generally stay contributed, with the assistance of a counselor "Lisa Michelle Pacillas" she assisted me with accomplishing this level, basically look her name up on the web
I run a small ecommerce store in USA from India . I slept on the idea of moving my business to Dubai. I could have access to much better payment processors, credit, and ofcourse no tax. I am gonna move my business to Dubai after USA holiday season is over. Running international business from India makes it almost impossible for small ecom entrepreneurs to compete with Chinese or any first world counterparts. Taxes are one thing but it's ok. access to credit, availability of various resources is killer
Is this only for derivative market or we can use it on Intraday as well, Please Reply
Interesting.....
Thank you for sharing.....
Can you share the concept around the GIFT city setup for trading.
I know many white middle class Europeans who want to stay in India permanently and get Indian Citizenship.
What a world
did you ask them why?
@@kamranwasifify Yes, They are saying Europe is getting expensive.
Pension is not sufficient for aged.
Property is not affordable.
Too much Alchohol and Drugs.
Illegal immigration.
Rents are expensive.
If they get the same money what they are earning, they can easily live in Asian countries.
Thailand and many countries is promoting them.
Young Digital Nomads are more interested in Asian countries including India.
India is not issuing a long term solution for them.
Saw a post from famous Finance UA-camr Akshat Srivastava regarding the same issue which I posted couple of days back
if indian government reduces taxes to 10 - 15 % then every citizen will be happy to pay taxes
The really rich never pay taxes in capitalist countries. They get loans, loan waivers and reduction in corporate taxes. Thats how India has become capitalists and abandoned socialism after Rajiv got assasinated
Definitely that will be golden period of India. Because so many people will give their taxes, not only traders but also small busines men
Capital gain is taxed at 10, 15 & 20 percent where Derivatives trading taxed at normal slab rate as it 8s business income
@@chirkuttrader2898 What about transactions tax, whether you have profit or not? How many thousands of crores government earns through that to waive off loans?
5 % at max.
very good information sir thank you
YOU LEARNED THESE THINGS DURING YOUR RECENT VIST TO DUBAI. THERE ARE MANY INVESTORS. I WAS THERE FOR 20 YRS IN DUBAI
What do u want to say after living in dubai for 20 yrs
citing the first example of one family member being NRI and trading. If a person is employed in Dubai and is therefore NRI, trades in indian derivatives, will he have to pay tax as in first example.
super sir, you are great. thank you for your videos and information, god bless you
Very simple and wise man
If you compare the cost of living in Dubai vs India, I think India is far cheaper. Also the fact that you miss out on living near your loved ones vs living alone in a foreign land. So its not that simple.
Also if u r frequent flyer need to pay huge expense on airticket, which may equal to tax. Only profitable for big taxable people whose tax in very higher side when compare to air tickets
Tax is huge here
Yes exactly, I too same feeling. We will spend other way like air ticket, oversea accommodation etc...
@@nigiyu air fare ranges 7600-22000Rs. Tax is more than that
cost of living is not that expensive in dubai
Sir Does Delta exchange trading profit impact by 30% tax???
If we make money by trading, we don’t mind paying taxes 😅
I mean it goes upto 42 % right, that's too much tax right
@@yashpandirkar4814 make a business account
@@user-hw8iv4ip9c then it's less tax ?
@@gopiadmink8055 yes I agree
Start a startup with trading profit. Can claim exemption. Just saying.
Thank you Sir
Is motherson sumi wiring good ???
Sir u told cannot buy lottery tickets.can u elaborate it
Sir you are a fun person.
I really enjoyed your video 😄
What about the binary options trading??
Sir - U explained on setting up the company. But what abt the people working in aboard (uae / saudi)?
Forex me kis government plan ke through tax zero ya sabse kum den hota h in india vedio banao please !
Thank you for the information... No one sharing this kind of information.. Thank you again sir 🙏🙏🙏🙏
You know the way to catch fish 🐠. Wonderful man
You are Indian at heart, stay happily in Chennai and give up all this jugglery Mr Sundar, enjoy the remainder of your life.
That is why He prefers to stay out.
1) How can NRi ( still Indian citizen) trade in F& O 2) Consider all teh cost of travels and staying in UAE the savings from Indian F&O Trading tax has to be HUGE! so break even is very high!
Derivatives income is business income so you can use yours expenses as business expenses
Very good and informative video
what i learn from pr sundar dream should be big life should be simple.
People with simple life dont own Rolls Royce, don't be fooled with whatever he wants you to perceive, understand his business strategies.
can u make a video abt 0 tax and free tax??
If a person buys property in Dubai and he gets residential visa for 12 years afterwards he can stay in India and does he can trade forex market from India
so now onwards incometax department will be alert and change the rules..
FPI AND FII are both different,
to be precise
FPI- retail foreign investors who invest on shares of businesses
FII - institutional foreign investors who invest in businesses
how i can trade in option and future in foregion market because our sebi is not giving margin .hence i want to move
Become an NRI
Good explanation.
Vvvvv interesting....great job sir
what will do with all this money ?
Great content for fpi
Singapore sir which shop?
Hopefully same will be possible through GIFT city in India
Sir I have some doubts I am interest in forex but how to start and how to open ,how to make portfolio please explain sir
Dubai is not cheap, it may be viewed as relatively cost effective compared to Singapore.
Feels like this video is specifically for peeps above 5cr netwrth
Hello Sir,
I have one question i am working in IT I am an employee of MNCs in India. can I move to Dubai and save tax
Sir, very informative and useful, are you holding Singapore passport?
Can they trade intraday ?
I am about to pay 40 lac rupees in taxes this year and that is just outrageous that I have to pay that much on just 1.3 cr income. that's literally 37% taxes I have to pay. I am gonna use Dubai to reduce my taxes.
Really
bruv what'dya do for living?
@@hackrogaming5913zhut bol raha h
Bahrain Dinar is also pegged against US dollar
Saudi Riyal is also pegged to US dollars.
Income accrued or arise in India is taxable in India
Thank for this information, i was searching for it 🙏🙏🙏
If i get a job in Dubai and working there can i eligible for Dubai resident status
As per income tax Act, any income which is deemed to accrue or arise in India will be taxable in India, irrespective of the fact whether it is earned by resident or non resident. Income from trading in Indian markets will be taxable as per above rule.
DTAA comes into force when a person is resident of both the countries. In that case also, Income tax department applies force of attraction (FOA) Rule which acts as a tie breaker to decide which country's resident a person actually is. After the tie breaker, it is decided, how both the countries will share the taxes, if any
Not paying tax in india on Trading income through Dubai/Singapore route is not that easy as it sounds.
Did you watch the video? He addresses that at 6:00
@@manojlds I heard it right the first time. But did you hear anything about the reason at 6:00 in the entire video ? If not, then the purpose of writing 2 paras is very clear I suppose.
@@vaibhavperiwal9348 is correct. Moreover, NRIs cannot operate in Derivates or future & options etc. DTAA simply mean they will not pay double tax on the same income.
Not really, he s talking about fii or fpi, the taxation for them is different, as of now like he said isn't taxed, to attract investments.
@@anupbatra9368 lol you sure about that... have nri friends doing futures and options...
Sundar sir revealing all the information of FIIS...and HNIS
after reading many comments, I understand that people didnt get you. he is saying become a FPI and then trade in FnO thats tax free in india for FPIs. but for NRIs any income accrued in India , its taxable in india. I was an NRI for few years and I was in Dubai only so,, i am pretty sure about it.
Sir my profit in F&O per qtr is approx 2 lakh, so if i fill advance tax should my CA charge me 4 times for filling? And and can I fill ITR on my own as my only source of income is from F&O? Thanks
Sir, can a indian citizen trade in US Index and commodities derivatives futures segments from india in US exchanges ?
No, trading in derivatives outside India directly on your own name is not allowed by RBI... However, you can set up a company in Dubai/ US and then trade derivatives
If we trade in forex we want to pay tax?
point to be noted your honor..(11.06)..this is what Adani company doing ...its not legal.
@Mr Sunder
An NRI trading in India while he spent time in India but spent more than 182 days out if India and pays taxes in the tax residen country,would he be required to pay taxes on the income accrued on trading derivatives (F and O).thru NRO account?
Does all the applicable taxes deducted while trading (I,e Zerodha) will be refunded to his account by tax authority?
Please use this proverb
Mr Sunder do immediately what you want E or S to avoid tax payments
Dear Sir , Please suggest where to get informations like fed meeting calendar , US job data , Auto sales data ? Companies quarterly annual results calendar ?? where to get all those datas ? Any particular website or list of websites ???
Forexfactory
Trade fno on sgx instead of nse
Sir dubai me margin milta hai kya
sir,can you make a video on some best stock brokers in dubai..
Sir. You come to Singapore
Hello Sir, Please make a video on how Indian can trade US market derivatives from India. Is there any way we can open company in Dubai or in USA to trade derivatives from India?
You can't from India ..outside India yes .
A lot of development that is happening in our country is because of taxes been paid by honest citizens. However the percentage of people paying taxes is still very low. Our government is doing a lot to encourage people to pay taxes which helps in building defense, infrastructure, healthcare and education. Middleclass people do not mind paying taxes nor do the large corporate houses that has made India its primary location. Yes, there are some UHNI's & HNI's with short term interest who think otherwise. It is believed that only 10% of traders make money and which is BIG MONEY and we should encourage them to contribute to nation building. Mr. Sunder, you have a big following in this segments mostly youngsters and budding traders who appreciate your accomplishments and daily views. I have seen many successful people who have built some competencies often tend loose a lot when they get into areas which is not very clear. I think we should promote India and not Dubai even for a fee.
The really rich never pay taxes in capitalist countries. They get loans, loan waivers and reduction in corporate taxes. Thats how India has become capitalists and abandoned socialism after Rajiv got assasinated
It's a myth tht few people pay taxes. There is GST tax and other taxes on products. This is also tax 18%.
We pay tax (income & GST) to build road. Then more tax to keep the road clean & then toll tax for maintenance of the road. We keep on paying taxes and in the end we don't even proper road. There should be a limit to tax.
Many farmers earn in millions and they are exempted from tax. Businesses man avoid tax with the help of CA. Only middle class suffers.
Even i m planning to go qatar or dubai...after 6 to 8 months
Liked before watching.
What if I stay in some country with tourist visa for more than 180 days. Am I considered NRI or not for tax purposes and investments. Ulagam sutrum vaaliban
how can you do do intraday trading as NRI Ssir?
Sunder Sir, i love you 💖
Getting money through trading is after great losses for years. Later after earning paying income tax and Gst from the earned white money is too tough. Whatever may be the type of trading or investing or capital gain, maximum affordable decent tax should be more than 10%.
As a matured and reputed trader, he should encourage people to pay tax on profits.
Never educate people as how to avoid taxes.
You don't want to pay taxes but expect govt to announce new schemes. And increase in GDP every quarter. 😊
tax is basically theft.peope are making money and stupid govt wants all the money.govt salary,judges,police,ias all paid by hardworking taxpayers.
Modi is f**king people by increasing tax so what’s wrong in f**king midi by avoiding tax
Are you kidding me ?. it is very necessary to educate people to avoid taxes, 80% of Indian population is middle class & provide a hell load of tax. But what happens with that tax , new parliament construction ?, ram mandir construction ?.
What about opportunities, quality of life ?. Govt. already knows that these are the ways to evade taxation but still they help their HNI friends to do so. Because some of them provide a huge amount to party funds.
@@user-oq4do4kj1oIdiot andhnamazi we have paid for ram mandir not government correct your fact don't point out on our temples we have contributed for it .Tax is going in pocket of all political parties leaders and mlas .
Traders dont want to pay any tax and then they will donate some money and make headline.
What happens if dubai govt decides to tax ? Or what happens if Indian govt exempts double taxation to dubai or Singapore ?
Sir Dubai maybe tax free but please tell that Dubai expense of living is much higher than India, for eg. Internet costs 1000 rs per month here in India and in Dubai it’s 12000 for the same package…
I live in middle of filth and pay 28%tax plus 12% gst for all products, and thrn pay 10-30%tax on any gain on investments.
In place of all this, Indian government should reduce taxation on derivatives. Companies pay only 25% tax but individuals pay income tax at the highest slab!!!.. sir one question, can someone form a pvt limited company and do derivative trading? As companies hv to pay only 25% tax?
You are really awesome!
💎
🙏🏻
SIR THANKS A LOT FOR YOUR MOTIVATION WILL YOU PLEASE UPDATE ABOUT HCC I AM HOLDING SHARES IN HCC I WAS THINKING TO EXIT BUT AFTER UR INFORMATION I WANT TO HOLD THANKS A LOT AGAIN
Dear sundar sir Golden visa is given for a investment of 2 million on property or land but not given when you take with a loan.
When i was NRI in Europe icici Bank blocked my demat account saying. NRI can't trade..... Your statement is contradictory. Please answer
U have to change it to nro account and broker
Sir is forex trading IS legal or not in india can you give some information of forex trading. Soo can you give me information about forex trading. Is legal or not in india.
SIR,you are a gentleman ,why you have think of evading taxes.Not required,infact you donate 25% of your profit to Tamilanadu Govt.When we get good money in derivative market,what is the problem in paying IT.
good video.
Thanks sir
But it is a wrong to say that low class doesnt pay tax. Even when you buy even simple vegetables-you pay for the transport charges-petrol-govt tax. When you buy a simple soap-sales tax-you pay
He is talking about income tax.
Every thing is taxed and everyone pays taxes but not everyone pays income tax. Atleast 50 percent of the tax income comes from indirect tax.
Anyone suggest please where can I purchase the bull like this for table
I bought it yesterday. From Bhuleshawar Market, Mumbai. 1.5 KG Pure Brass
Do only trading for avoid emotion.
Means zero tax in F&O profit for Dubai?
He explains all the illegal issues.