CharteredClub (by Karan Batra)

Australia announced an evacuation plane for 20,000 Australians living in the UAE. Let’s do the math for a moment. One plane. For 20,000 people. And the result? About seven passengers showed up, more or less. Because the UAE is safe and not the dangerous place some leftist politicians pretend it is. And whoever designed that evacuation plan clearly failed basic mathematics before failing common sense.

So RBI has issues investing in mutual funds for overseas stocks (only explanation i could think of someone with deep pockets could invest millions in it bypassing LRS limit) but they are ok getting GOLD etf flows to this level. 33000 crore is almost 3.5 billion dollars and all the gold is getting produced in india ;)

Witnessed something unforgettable on Sheikh Zayed Road 🇦🇪 A delivery rider met with a tragic accident on one of the busiest highways. 
Traffic was completely stopped.
Police secured the area. 
A helicopter was brought in to recover his body. 🚁 For one ordinary worker, an entire city paused. 
No chaos. No shortcuts. Just dignity, order, and respect for a human life. Moments like this remind you:
in some places, humanity comes before speed. 🙏

@deepakshenoy Most of the entry level european cars which are priced around 50 lakhs are also made in India... It is normally the more expensive cars (say priced above 80 lakhs) which are imported as a full unit and these cars will have the max benefit..

It's not horrible if taxes on foreign cars are cut to 40%. Indian cars have gotten way better at everything, and the prices of a high end XUV is about 30 lakh versus a comparable european SUV is around 55 lakh. They can compete without needing the same level of protection.

@IndiaNewGen Basic Calculations gone wrong. Please recheck If out of Rs 100, I'm left with Rs 65 (after paying Income Tax) - then I can spend only Rs 65. So I'll pay gst on Rs 65 i.e. the money I spent and not Rs 100 i.e. the money I earned.

Saurabh mukherjee explaining where the money goes for a typical middle class? Some bastards tell in the media that we spend on luxuries. Our message should be loud & clear to the PM. We are not in a situation to donate 35%-40% for the nation building or ladli behna etc.

@ICICIBank_Care @ICICIBank - Account blocked with heavy funds in the account. Awaiting a resolution

@WeekendInvestng @MaxHealthcare Same is the case with Apollo... Their charges are sky high but rooms still unavailable... Delhi needs more hospitals .

Despite their own doctors requisitions so call good hospitals like @MaxHealthcare Saket will keep patients begging to get a room in the hospital and junior staff has become corrupt to now even listen to their own doctors. If private hospitals are in this state one shudders to think what would be the state of govr hosps. Just spent an entire evening begging for a room for an elderly patient in the emergency. Ultimately being put up in ICU bed without need for ICU facilities paying few times more as beds are getting allotted to those with good connects. Infra gone to the dogs. Both private and public.

@WeekendInvestng The fact that it has Tanishq mentioned on it makes it an even rare collection as Tanishq stopped manufacturing watches decades ago...

This Gold watch was bought in 1996 for INR 25000 It has near 13gms equivalent of pure Gold in it. Today it's sum of parts valuation is more than 130000 and replacement cost is near 300000 as per a quick web search Wealth that can be used while growing it is the best form.

@nakulvibhor I agree with your point sir... but it will lead ro a reduction in some cases(if not all) And this reduction is expected to cost the govt Rs 1.2 trillion on annualised basis...

These GST reforms may look good for the market in theory, but they will not bring significant benefits for common people. This is because most corporates increase the actual product prices, so a reduction in GST does not really impact the total price of those products, either now or in the future. A similar situation happened in September 2016, when the government removed VAT and implemented GST. Even though items like food grains, pulses, rice, and milk were kept under zero GST, their prices did not decrease. This is nothing more than an eyewash for the common people.

@ICICIBank @ICICIBank_Care - The Customer Service team is unable to resolve a simple query for Corporate Bank Account and keep on directing to Personal Bank Account. Please look into the matter

@VijayT1609 The easiest way to do this is not by buying a property in Dubai but by setting up a company in Dubai and then becoming an employee of that company. The rules for becoming NRI for employee visa holders is easier than for Golden VISA holders. Explained here youtu.be/AKklcLcumJo?si…

It is LRS time, lots of our customers, founders & family offices, we know are trying to maximize their $250K LRS Limits, get a Golden Visa in Dubai etc by buying RE & trying to change their tax residencies However it is not as simple as you think that by getting a Golden Visa, you stop being an Indian Tax Resident from April 1st 2025. Section 6 of the Income Tax Act, 1961, talks about the rules governing the Residency for Income tax purposes See so many Videos on YT from Large accounts peddling wrong stuff esp about you being taxed at 0% rate once you get your Golden Visa (which is untrue) Put together a easy to use framework so you can see for yourself how you would be taxed & you could plan accordingly 🧵(1/n)

Corporate Tax in Dubai (Zero Tax Guide) - youtu.be/Ch2n7hVDALo?si…

The most popular VISA is Dubai is its Golden VISA.. But is it worth the hype? In this video, I compare the Golden VISA with an Investor VISA and guide if its worth applying for the Golden VISA - youtu.be/EBZQxlwrTKs?si…

@VijayT1609 3. Is it just a notice wherein the client has been given an opportunity to represent or is this a final penalty order?

Just got off this crazy call with an HNI 1. HNI family have invested ~$1.0 mn (then 7.5 cr) since 2022 in Dubai under- construction property with a scheme to pay the reminder $ 1mn over time (Total of $2mn) 2. Family of 4, so each of them sent $250K thru LRS initially ( all kosher there) 3. Over next 2 years, they sent another $1 mn , $500K each year 4. Good part- The property price has appreciated to now $2.8 mn (3 , 2BHK units near RAK (Ras-al- Khaimah) with the same builder) 5. Bad Part- RBI has sent a compounding notice to unwind the entire structure and pay a fine of Rs 4 cr, 100%+ of profits wiped away 6. Reason, Any payment scheme is construed as a contingent forex liability which the RBI hates I've connected him to one of our partners to see how they could explain their case and potentially reduce the compounding & will keep everyone updated on the progress - The amount of mis-selling which happens by the unorganized Dubai Oprerators who dont understand the FEMA, RBI Regulations and Company's act ( MCA is crazy) - Looks like this is just the start of this unwinding from RBI & many more to come. Remember he was a HNI, had all his CA's but still got wrong advise. Be careful out there before investing in Foreign assets. (over the last 6 weeks, we have spent thousands of $$ with the Big 4, just to make sure we get the investment structure & compliance framework right for all our customers and after hearing all these horror stories, it makes our investment well worth it) RT, so that people understand the regulatory risks before writing the check for those fancy Dubai RE houses

@VijayT1609 1. CA's normally don't deal with FEMA Laws. Anyways, whoever dealt with it, did the client pay the fees or was this free ki advice? 2. How do you expect a Dubai based real estate broker to have knowledge of FEMA. Again, was the fees paid for this advice or free ka gyan?

Bajaj Finance, I believe has more than 8 crore customers! This is huge. One step ahead for India’s vision of financial inclusion. youtube.com/live/BIzRZhlSW…

This government has gone crazy. How can you say stamp duty is not part of the cost of a house? Having removed indexation benefits, the least government could have done is to allow stamp duty and interest as part of cost. Not including stamp duty further increases the tax rate. Very bad @narendramodi and @nsitharaman .

#BudgetWithMint | CA Explains The LTCG, STCG Tax Hike Math | How Capital Gains Tax Hike Will Impact You Here's a roundup, with an explanation from Karan Batra, Founder, @CharteredClub. @ActusDei Track all the latest on #Budget2024: livemint.com/budget Watch here: youtube.com/watch?v=6UrB76… #BudgetSession2024 #UnionBudget2024 #BudgetDay #Budget2024

Considering the fact that the Income Tax Website has not been working properly for the past few days, do you think the last date for filing Income Tax Returns will get extended?

The cost of company setup in Dubai differs from Emirate to Emirate and from Freezone to Freezone. Here is a detailed video on the various costs associated with setting up a company in Dubai and UAE youtube.com/watch?v=XwBhGr…