ilmscore | Prediction Details
"People are saying that you go to Dubai. Okay. And now sell that because if you are a Dubai NRI, Indian NRI staying in Dubai, there is a DTAA, double tax avoidance agreement, okay? Which says on your mutual fund in capital gain income, you don't need to pay any tax in India. You need to pay in Dubai. But Dubai don't have any tax. So zero tax. Yeah. But these people are saying but I'm saying be watchful. So let's say let's say for example that today I have 50 lakhs and I'm 30. By the time I turn 60 let's say I have 10 crores and I'm about to retire. Now at the time of selling this my taxation is coming to let's say 2 crores. No I don't want to pay 2 crores. So what people are saying is that you go to Dubai stay there for 6 months book the profit come back by paying zero tax. Now you're saying this is not possible. This is not possible. Why?"
By Finance With Sharan | June 2, 2025 | Correct
From video
The Ultimate Indian Tax-Saving Masterclass (Salary, Business & Investments) | The 1% Club Show Ep62 00:30:53 - 00:31:59
Interpreted Prediction
The strategy of moving to Dubai to avoid Indian capital gains tax on mutual funds and shares by leveraging Double Taxation Avoidance Agreements (DTAA) is cautioned against as it can be deemed tax abuse and evasion.
AI Evaluation Notes
The prediction cautioned against the strategy due to potential tax abuse. Recent news indicates increased scrutiny and challenges for individuals using such strategies, aligning with the caution.

Prediction Details

Topic
Tax Avoidance Strategy (Dubai Capital Gains)

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