Samjha nhi, pr sun ke accha lga 😀 Jab itne paise aa jayenge tab wapis aaye dekhunga 😅
@amithanilgeorge4956
2 жыл бұрын
Same
@mohitsoni7777
2 жыл бұрын
😂😂
@atharvazambre8257
2 жыл бұрын
👍🤣🤣
@bharatsocool
2 жыл бұрын
Are pehle mereko bhi samj ni aaya per baad main samj aa gya Iss video main ye bata raha hai ki jaise aapne 1cr ki painting buy ki or aapne vo kahi pe daan de di or uss painting ko kisi ne 10cr main khareed liya to aapne to vo painting daan de di to tax ke hisab se agar aapne kahi daan diya hai to agar vo kisi ne kareed liya to aapko tax ke hisab se aapko 3cr takh ki chut mil jayegi jisse aapko 3cr takh ki income government ko tax ni bharna padega
@PositiveVibes-er4nn
2 жыл бұрын
@@bharatsocool अरे भाई लेकीन उस 10 crore मे खरिदने वालो को देखोगे तो फिर से वही सवाल नही खडा होगा क्या? १० crore में पेंटिंग कौन लेता है यार? पहले वाले १ करोड में लेणे वाले को tax return में फायदा तभी होगा जब ३ करोड से ज्यादा में वो पेंटिंग लेणे वाला भी कोई होगा नहीं तो पेंटिंग के भी पैसे गये और टॅक्स ३०% भी चला गया| किसी भी चीज की value एक साल में ३ गुना ज्यादा देकर कोई क्यों लेगा?
@HemanGohil
7 ай бұрын
Artists be like: "meri shaktiyon ka galat istemaal hua hai maa" 😅
@swaaaa11
7 ай бұрын
😂
@Monotheist123
7 ай бұрын
😂
@kprosshia4258
7 ай бұрын
😂😂
@lucknowreporter5741
6 ай бұрын
अद्भुत कमेन्ट 😂
@ranjitsingh-ge3jw
6 ай бұрын
😂😂
@Creepystalker420
2 жыл бұрын
Sir ke kehne ka matlab h ki phle painting kharido fir apne hi kisi dost se jyada rate pr uski boli lgwao aur museum ko donate kr do
@VarmaGovind0201
2 жыл бұрын
To mai kya karu....Job Chodddu
@siddukori2151
2 жыл бұрын
Waah bhai.. 😂😇
@debadattadehuri6236
7 ай бұрын
Exactly.
@galanoth17
7 ай бұрын
Sirf boli nhi paise bhi bharne hote hai
@RohitSingh-ei4zj
7 ай бұрын
Auction Bala bolega ( sold ) fir 10 cr dene hoge agar mna Kia to police case hota hai😂😂😂😂😂
@abtking91
2 жыл бұрын
Why didn't he keep the 9 Crore profit and pay Rs. 2.7 Crores in taxes instead? It's a pure ₹6.3 Crore profit.
@kavish5264
2 жыл бұрын
Because no one actually wants the painting. The only people interested in buying are the ones who want to save tax.
@akshikahere...6467
2 жыл бұрын
@@kavish5264 bitter but truth...being a art lover...it hurts😞but eventually that's the truth...
@howtoin3minites
2 жыл бұрын
Correct 💯
@yogeshdevaraj639
2 жыл бұрын
He donated it and got receipt of 10 crore which he ll show for income tax purpose. He dint get 10 crore in his account
@ABmr.360
Жыл бұрын
Because nobody will buy a painting worth 1 crore for 10 cr
@shreyashasane9100
2 жыл бұрын
Funfact: The most expensive painting to be sold in an auction is Salvator Mundi by Leonardo Da Vinci. It was sold for $450 million ( ₹ 3150 crores) to Prince of Abu Dhabi for their Tourism Department.
@prateekchauhan6376
2 жыл бұрын
$400 million
@almostThere_xx
2 жыл бұрын
Prince Mohammad bin Salman bought it
@iota5722
2 жыл бұрын
It was brought by crown prince salman ok kingdom of saudi. He brought it for personal display
@sukumaridevi3629
2 жыл бұрын
Lnd leley mera bina tax k aur tere Abu Dhabi waley Prince ko free mai dunga mai bsdk
@lkuiiuy6428
2 жыл бұрын
Funfact : i can draw better than painting
@piyushsinghbora6129
2 жыл бұрын
It doesn’t make sense, anyone will prefer 7 crores than saving 3 crores for tax exemption!!😅😅
@gautampoojary7371
2 жыл бұрын
The thing is that it is very difficult to sell 1 crore worth painting for 10 crores but it is easier to donate the painting and claim that it is "worth" 10 crores
@mdsamanvlog1377
2 жыл бұрын
Sahi bola bhai tumne
@minakshikumari6673
2 жыл бұрын
That painting can't be sold in 10 crore except exhibition but he saved tax from the money actually he is having by showing 10 crore charity, this is the point.
@satishsawant2277
2 жыл бұрын
For this income tax dept has to agree the painting is worth of 10 crore ₹ Then only you will get credit if 3 cr₹ as he explained.
@hardiklimbachiya2193
2 жыл бұрын
@@minakshikumari6673 accha matalab 10 carore ki painting batakar 3 caror aise hi bacha liye , mujhe laga ki...
@raviagarwal6492
Жыл бұрын
Rich people often burn a significant amount of money on buying art because it can be a symbol of their wealth, status, and sophistication. Owning rare and valuable works of art can be a way to show off one's taste and refinement, and it can be seen as a way to distinguish oneself from others in their social circles. Furthermore, art can be a good investment for the wealthy. The value of certain works of art can appreciate over time, and many rich people see buying art as a way to diversify their investment portfolios. They may also view art as a store of value that can protect their wealth from inflation. For some rich people, buying art is also a way to support the arts and artists. They may feel a sense of satisfaction from knowing that they are contributing to the preservation and promotion of culture. In addition, collecting art can be a hobby or a passion for some rich people. They may derive enjoyment and fulfillment from studying and appreciating works of art, and building a collection can be a way to pursue this interest. Overall, rich people may burn a lot of money on buying art for a variety of reasons, including as a symbol of status, as an investment, as a way to support the arts, or as a personal passion or hobby.
@anthony_gaytano
Жыл бұрын
This comment reeks of ChatGPT
@AmanDeep-le5oh
2 ай бұрын
Mujhe laga tha ki ameer log Sach me artists ki respect karte hai 🙄🙄😔
@Fazalhussain-jb6vv
Ай бұрын
😂😂😂😂
@Musicalworldwithuv
21 күн бұрын
😂😂
@amittechback5162
2 жыл бұрын
What a concept.... thanks for clearing......😊 Rich people always think for future as well as for profit......💲💲💲
@AbbanAhmad007
2 жыл бұрын
Or he could have sold that in 10 crore. Earned 9 crore. Even after paying 30% on it he will still have 6.3 crore instead of the 3 crore tax credit that you are talking about 😂😂😂😂😂
@nipunahlawat4291
2 жыл бұрын
But bro it is not easy ke tum koi cheez khareedo or fir jb use bechne ka time aae to usse 900% jitna return nikaal lo
@AbbanAhmad007
2 жыл бұрын
@@nipunahlawat4291 I just replied according to the example he quoted.
@BeatNations
2 жыл бұрын
@@AbbanAhmad007 fuddu bnadia salle ne 😂😂😂😂😂😂
@therahul9842
2 жыл бұрын
Same thought
@abhaypatel4292
2 жыл бұрын
Well becoz it's all a group of rich people who hike prices...I mean koi kyu hi dega itna paisa...
@incivinci
8 ай бұрын
Just by someone expressing interest to buy it at 10 Crore doesn’t automatically increase its value. If such were the case then people will start cutting deals to express interest without actually buying (having to spend any money) anything and make Crores overnight.
@manojpatil7351
2 жыл бұрын
If someone is ready to buy it for 10 crores why not just sell it 😂😂
@ViratTanishq_Music
2 жыл бұрын
Woh shayad Black Money hi mana jayega
@agyaat33
7 ай бұрын
Bakwas karke has bhi khud hi raha hai, costumer painting ke owner ka dost hi hota hai, jo sirf fake value banae ke liye aayega, ab govt ki nazar me value ho gai 10cr jo ki usne kharidi bhi nahi hai, samjha nahi samjha to abhi mummy se bournvita mang kar pee jab bada ho jaye to fir se aa jana me samjha dunga😂😂😂😂 ab has
@albedo9617
3 ай бұрын
The way he explained it is an oversimplification. Look up the video on the same topic by reed media. TlDR: They artificially inflate the value of the artist by manipulating publication houses into hyping up the artist. This results in the value of the painting increasing. The value is appraised by the government and if they find it valid then the rich person donates it to a museum. Also if they somehow find a buyer for it with the inflated price (very unlikely), they'll have to pay a sales tax on the amount they get which is usually around 30%. On top of that they'll still have to pay the tax on their original income as well. It's much better to get a deduction instead.
@skymanaditya
2 жыл бұрын
So for people saying that he could've sold the painting for 10 crores and still pocket 7 crores with a 30% tax slab, remember it's actually difficult to sell the painting that high, and 10 crore is the value of the painting (kind of like the interest someone has in that painting), so when he donates that painting, it's apparent value was 10 crore which gives him a tax credit of 3 crores. It's like saying that you purchase a house for 1 crore and someone values it at 10 crores and you donate the house to charity, you have a 3 crore tax credit. I however think there are ways to legalize this valuation, otherwise, I can start a fictitious company tomorrow and generate 10000 shares against the company, and sell 1 share to someone for 100 dollars, so essentially my net worth would be 1 million dollars. But there are regulations in place that prevent that.
@ketanrastogi1107
Жыл бұрын
exactly bro
@ketanrastogi1107
Жыл бұрын
pr ye anpd gawaro ko kon smjhaye
@hemantkathuria8270
8 ай бұрын
Correct....and there is no such provision in the income tax act, 1961....to claim any deduction for donations which are done other than cash.....
@anurag_ca
7 ай бұрын
Capital Gain and deemed to be Transfer says hello. Already legalised hai provision ki aise transaction pe Capital Gain lagta hai.
@nikitasharma942
6 ай бұрын
I wonder his channel is on finance but no knowledge of tax laws😢 80G allow nahi karta donation in kind. Kaunsa kaisa tax credit?
@shikhar2054
2 жыл бұрын
For people who are confused - Ab jaise kisi k yearly income 100 crore hai. To tax lagega 30 crore. Lekin painting ko 1 crore me kharid liya fir usse museum ko de do. Wo uska price 10 crore tak manipulate karke le jate hain. To yeh log show kar dete hain k humne 10 crore charity me de diya. To ab 100 crore k jagah 90 crore k hisab se tax calculate kiya jayega. To ab usse sirf 27 crore tax bharna padega 30 crore k jagah. To wo 1 crore ka fayda lar lega.
@anurag_ca
7 ай бұрын
Aur bhaiya Capital Gain?
@shrishti_agrawal
2 жыл бұрын
Rich people's are very smart. They are the ones who pay minimum taxes even if they have lots of money.
@devarshpatel7551
2 жыл бұрын
Sahi baat hai 1 crore black money ke badle 10 crore ki white money aye hye thanks you brother Maine logo ki comment padhi par logo ko zyada pata nahi chala toh iss baat par mera dost bolta hai ki tu Gujarati hai isliye tujhe pata chal gaya
@Ronlyku
6 ай бұрын
Jyada pateli mat mar 😂 1 cr ki black money se kaise kharidega vo bata?? Cash leke jayega kya utna 😂 itne badi amount ko kon entertain karega ??? Koi bhi savaal uthayega
@soumendrapanigrahi2497
2 жыл бұрын
I need clarity on one thing u said if someone is interested to pay 10 corer then painting value becomes 10 corers but then instead of selling he donates it to museum and gets tax benefit of 3 corers, but what happens to the buyer does he buy from the museum or does it become museum property, and if nobody buys it from the museum won't then how is this increased price decided and by whom, do the museum just put a price tag according to there wish
@rahmanifaizan8422
2 жыл бұрын
People who came museum to watch that painting will pay small amount of commission to museum it's one of a fact that i know and there is many others factors are aslo there.
@oiya100
2 жыл бұрын
One fact he didn't mention is that often someone from the rich person's circle will only do the bidding to raise the value of the painting. Now, the 1 crore painting's value is increased to 10 crores, which he donates and gets tax credit of 3 crores.
@akshat3825
2 жыл бұрын
Finally, someone discussed it !! I was literally thinking this since yearssss .....!! 🌞
@ayushthelegend
2 жыл бұрын
Samajh aa gaya?
@karishmaaradhya238
2 жыл бұрын
👍👍
@akshat3825
2 жыл бұрын
@@ayushthelegend hn lgnd
@hardikgupta9105
2 жыл бұрын
@@akshat3825 what he said in this video is 95% lie
@kirtivardhan5442
2 жыл бұрын
Initial cost- 1 Cr. Auction price - 10Cr. Prefer to donate Tax credit - 3 Cr. If he would sold it, then, Initial-1 Cr. Auction price- 10cr. Gross Profit- 9 cr. Tax- 3 Cr Net Profit- 6 cr. Then why to donate ? For only 3 Cr. When you can get 6 cr. ??
@christmg4682
2 жыл бұрын
I've never thought about it or even had a small curiosity but it's definitely worth knowing.
@warriorx86
2 жыл бұрын
Middle class people like us who invest in FDs and LIC won't understand this 😂
@letslearn8813
2 жыл бұрын
😂
@abhisheknaik8798
2 жыл бұрын
Sahi kaha
@punnu_khn
2 жыл бұрын
Its Right there is no capital gain on painting and scripters donating to national museum but National Museum will never give you high valuation and further they only exhibit that painting and scripters which are of National Interest
@namankhare7436
Жыл бұрын
And that's why paintings are Capital Assets even if they are personal effects, as per the Income Tax Act and Capital Gains Tax is attracted :P
@mukeshgoyal
2 жыл бұрын
This is based on assumption that one will find a buyer who is willing to buy it at 10cr. When you have bought it for 1cr that means at that point of time it's value is 1cr nd it's not certain that in how many years it will take when it's value will be increased to 10cr. But conceptually yes its a very interesting tax planning
@Brucewayne26009
2 жыл бұрын
Exactly my point
@jaydeep8477
2 жыл бұрын
Please Make Detailed Video on this topic There is something wrong in your knowledge , I think 🤔
@mr.wholeworld2606
2 жыл бұрын
I feel same about most of his shorts
@Ironman-BB
2 жыл бұрын
Han khuch toh gadbad hai
@vickram
2 жыл бұрын
Credit tab aata hai jab Tax pay kiya ho . Economy crash kar jayegi agar government bina tax kaate tax credit dene lagegi to 😂😂
@anuragmishra702
2 жыл бұрын
@@mr.wholeworld2606 Agar wo Bewakoof admi painting to bech deta to 9 cr. Profit hota jispar 2.7 cr. Tax lagta aur usko 6.3 cr. Ka net profit mil jata 🙄.
@aspirants_ias3232
2 жыл бұрын
@@vickram 🤣🤣🤣
@nikitasharma942
6 ай бұрын
After sale 30% nahi..long term capital gain pr 10% aur short term capital gain par 20% lagta hai...that too after reducing indexed cost of acquisition...what do you want to say? Acquiring at 1cr, donating painting to museum whose sale consideration is 10cr (donation made in kind isn't eligible for 80G) what's the point? Will you leave (9cr profit-tax @10.4%/20.8% as the case may be or you'll do donation( in case other country tax laws allows donation in kind)
@arghasarkar2795
8 ай бұрын
Yes . This is the reason my buyers always ask me why I stop the exhibitions because they come into my house and collect my artworks. That’s why nowadays I stop my exhibition show. But I like to invite all of you . ❤
@tarunkalra3924
8 ай бұрын
Where to come
@mrinaldeka5528
2 жыл бұрын
Not true always, sometimes painting could be an investment.
@EnSabahNur-ir5mw
2 жыл бұрын
lav da investment
@RSGumante
2 жыл бұрын
Its just a show off for rich people ,in china some one bought around 2 million dollars for tebetian mastiff dog
@undirmamaeventsbrandingmar6160
2 жыл бұрын
@@EnSabahNur-ir5mw Love Day प्यार का दिन।
@EnSabahNur-ir5mw
2 жыл бұрын
@@undirmamaeventsbrandingmar6160 lav da
@EnSabahNur-ir5mw
2 жыл бұрын
@@RSGumante true
@SouravKumar-zw3ql
2 жыл бұрын
But what about the second owner buying it and how does this selling cycle ends and what will be the final price of the painting when this buying-selling cycle ends?
@mihirtailor5708
2 жыл бұрын
It never ends
@jeevan88888
2 жыл бұрын
@@mihirtailor5708 what if I decide to buy the painting at 10000000000000000 crores but dont actually make the transaction?
@PositiveVibes-er4nn
2 жыл бұрын
@@jeevan88888 वही तो. ऐसे सभी करने लगेंगे तो टॅक्स एक रुपया भी नही लगना चाहिए ना? कोई जान बुझ कर १ करोड की पेंटिंग १०० करोड में लेणे की bid करेगा तो क्या ००₹ टॅक्स होगा?
@jeevan88888
2 жыл бұрын
@@PositiveVibes-er4nn Arey bhai thoda english mein reply doge?
@PositiveVibes-er4nn
2 жыл бұрын
@@jeevan88888 hindi to tumhe aati hai phir bhi kyon?
@abhaygautam0
2 жыл бұрын
मतलब अपने दोस्त को बोलो कि भाई तू 10 करोड़ की बोली लगा फिर मैं इसे म्यूजियम को दे दूंगा और तुझे tofee खिला दूंगा 😂 😂
@mayb8876
Жыл бұрын
Sahi pakde.
@ABmr.360
Жыл бұрын
Ye scheme tere liye nahi hai bhai ye unke liye hai jo caroro ka tax pay karte hai
@vvkydv
7 ай бұрын
😂😂😂😂😂
@ranahridoy3862
2 жыл бұрын
Tex tou chura lyiaaa!!🤗💯What a plan,mind blowing ♥
@AB-ou7pd
2 жыл бұрын
Sir read Capital Gain sections from Income tax act it's specially metion that painting, articlogical collection are included in capital gain and sale of which attracts income tax. This is not only in india but also in various other countries also.
@mohitbhar3212
2 жыл бұрын
Here a question comes: 3cr ka tax credit liya jisme se -1cr gya because Usne vo buy ki thi toh ab uske pass 2 cr ka tax credit hua finally, but agr vo 10 cr me sell kr deta toh -30% tax toh 7cr rh gye usme se 1cr buy ka deduct krdo or uske pass 6 cr bach gye jisse vo 6 cr ke tax pay kr skta h! Ab dobara vhi questions aata h ki itni expensive paintings ye log kyo buy krte h?
@Anuj_Kr
2 жыл бұрын
kisi ne 10Cr me khridi nhi h blki uski value lgayi h sirf dikhane ke liye ki ye painting 10Cr ki value rkhti h
@shubhampatel_2704
2 жыл бұрын
Thts the catch man.. No one has to actually buy it.. Someone needs to Inerested in buying it in 10cr. Tht makes the value of the painting 10cr and so it is a 10cr charity.. Hope u got their scam. ❤
@saurabhpatel1714
2 жыл бұрын
Samaj m kuch nii aaya But, At last 'I like ur confidence' 😂😂
@Sharathp
2 жыл бұрын
Rich people have smart people to help... unfortunately for salaried class hardly gets benifit beyond a limit
@karansolanki8622
2 жыл бұрын
Artists be like...gajab beizzati hai🤣🤣🤣
@darshanjain7430
2 жыл бұрын
Then why not sell the painting and after taxes earn 7 crore rupees because 7 crore is greater than 2 crore (3-1) crore which they save in taxes?
@prashant_kissago
2 жыл бұрын
Because no one ever buys the painting. The museum uses its name and influence to jack up the price for a small commission from the donor. The donor gets the offcial receipt that as per the valuers of the museum, the price is 5 or 10 crore or whatever crores. Then you get to show the tax department that you have donated a 10 crore painting to the museum. There are no buyers.
@darshanjain7430
2 жыл бұрын
@@prashant_kissago If the owner of the painting holds it and sends the painting for bidding and consider that it's value goes to ₹5 crore then the owner is clearly in loss. Because even after 30% tax the value will be 3.5 crore which is greater than 2 crore (3-1) crore
@shubhampatel_2704
2 жыл бұрын
Thats the catch man.. No one has to actually buy it.. Someone needs to Inerested in buying it in 10cr. Tht makes the value of the painting 10cr and so it is a 10cr charity.. Hope u got their scam❤
@darshanjain7430
2 жыл бұрын
@@shubhampatel_2704 What if increasing demand drives the price of painting up and you get double of what you save in taxes. The result is simple, YOU ARE IN LOSS!
@darshanjain7430
2 жыл бұрын
@@shubhampatel_2704 So my point is why save less in taxes when you can receive more by holding and selling
@9830164542
2 жыл бұрын
or it can be sold for 10cr to collect the payment from a client for a service which can not be invoice legally, so the paiting sale act as a cover for that transaction.
@hirenparekh4871
2 жыл бұрын
If you are talking about other countries..it may be relevant..in India, donation IN KIND is not eligible for income tax deduction.
@shanmukh747
3 ай бұрын
But why would a government give tax credit for a donation of a painting, irrespective of it's value? Why such privilege given to paintings in the first place? 🤔
@saifulhaque4804
2 жыл бұрын
Second reason is simply noney laundering through artwork currently being done by nfts
@ramangupta9336
2 жыл бұрын
Sir i think that person has loss of 6 crore on giving painting as charity . Because if he buy at 1 crore and sell at 10 crore tax on sell = 2.7 crore ( on 9 crore profit) then also after paying tax he earn 6 crore+ ...not understanding this game!!!
@jeevan88888
2 жыл бұрын
Noone will actually buy it at 10 crores , its just a gimmick deal to evade taxes.
@PositiveVibes-er4nn
2 жыл бұрын
@@jeevan88888 अरे भाई लेकीन उस 10 crore मे खरिदने वालो को देखोगे तो फिर से वही सवाल नही खडा होगा क्या? १० crore में पेंटिंग कौन लेता है यार? पहले वाले १ करोड में लेणे वाले को tax return में फायदा तभी होगा जब ३ करोड से ज्यादा में वो पेंटिंग लेणे वाला भी कोई होगा नहीं तो पेंटिंग के भी पैसे गये और टॅक्स ३०% भी चला गया| किसी भी चीज की value एक साल में ३ गुना ज्यादा देकर कोई क्यों लेगा?
@vkgO7
7 ай бұрын
Sir aap to mahan ho 1cr me panting purchased kara 10 ka value hone par charity kar diya 9 cr ka profile ko charity me deke 10 cr ka loss kar lijiye 😅😊 Aap bolte ho tax na dekhe 3 cr ka profit kar Liya Kon se school me padhe ho Ex- Cost 1cr Value product increase 10cr Net profit - 10-1=9cr All amount give chairty Crore pati se ho gaya road pati😢 Aap bolte ho 3 cr ka profile bacha liya महान हो आप सबको आपसे math सिखनी चाहिए 😊😊😢न तो tax ki knowledge h na hi math ki Tax 10 cr pe kyo dega 9 cr me hi dega because 1 cr ka panting purchase ke vakt hi vo 30 % de chuka h vo
@deepakkadam1304
6 ай бұрын
Wo 10 cr surf on paper valuations hota hai.. Leta koi nahi...😂😂
@squad4vlogs
6 ай бұрын
Wo sirf khud ke parter se offer karwaa dete haii wo kharedte nahiii
@sureshcompany1689
6 ай бұрын
Dekh, Bought for 1 crore Value increased by 10x (declared by museum. U can even adjust price by giving goose/corruption) So, total value of painting is now 10 crore. Ab hame profit nhi nikalana CP SP nhi khelna. Give that 10 crore painting to charity. Income tax will see it as 10 crore and will give 3 crore relaxation. So Relaxation-CP= profit So, 3-1=2 CRORE PROFIT.
@AjayKumar0666
7 ай бұрын
Daan me de k tax m 30%=3cr bacha liya par hum wo 10 cr m bech kr 7cr profit krte h ye zyda faydemand h sir ! Please reply to it .
@0.7seconds28
2 жыл бұрын
3 carore tax me bachane ke liye 10 carore ki charity karni padti hai baat samjh nai aayi mere🤣🤣
@anushagoud900
2 жыл бұрын
Arey paagal oh 10 crore charity nhi khiy Actually 1 crore me karidha our usko 10 carode manke charity ki
@anushagoud900
2 жыл бұрын
@Aakash Kumar lekin koi usko nhi kharidega 10cr me
@anushagoud900
2 жыл бұрын
Ooh sirf naam ke vas hai
@prashant_kissago
2 жыл бұрын
No one buys the painting. The museum uses its name and influence to jack up the price for a small commission from the donor. The donor gets the offcial receipt that as per the valuers of the museum, the price is 5 or 10 crore or whatever crores. Then you get to show the tax department that you have donated a 10 crore painting to the museum. There are no buyers.
@rpb4865
2 жыл бұрын
@@prashant_kissago that makes more sense. I thought that 9Cr ka profit 3 crore tax bachane ke liye koi kyun chhodega.
@amit95557
2 жыл бұрын
In my third standard I made a painting of rising sun that was sold in 4cr, later it was also published in kids comic book 'Champak' 😂
@RunnerExtreme
2 жыл бұрын
Abhi
@intekhabahmad8762
2 жыл бұрын
How much money did your family get at that time?
@ravithakur20000
2 жыл бұрын
@@intekhabahmad8762 goli de rha bhai
@aj8387
2 жыл бұрын
I recently bought that in an auction for 50Cr
@abhay_l
2 жыл бұрын
@@aj8387 Bhai koi chuna laga Gaya Orignal painting mere pass hai 🎨 10 million dollar 💰 me kharidi thi maine
@peacefaith86
Жыл бұрын
Some artist don't sell their art pieces at any cost , they just display .........Art is like Gold , older it gets more value adds into it......but these days everything is a business , which is sad .
@Mayankmishraa23
6 ай бұрын
1 करोड़ की पेंटिंग में बस उनके मशहूर कलाकार ने बनाया है उसका पैसा लग जाए तो वही 1 करोड़ में खरीद के 5 में बेची जा सकती है बस कुछ दस्तावेज मिल जाएंगे तो वही 5 करोड़ 10 करोड़ में भी बिक्सक्ति है ❤😉
@surajghagare1667
2 жыл бұрын
This is amazing... 🤩🤩🤩 bade log , bade log....
@indiaonellp
2 жыл бұрын
Politicians make paintings and sell them to companies who do Government contracts. Percentage of kickbacks is the value they put on that worst painting. Valuation of those things doesn't have any rules.
@fathima6950
2 жыл бұрын
This is the actual reason, not the bullshit what he is saying
@saudipetrolabs1184
2 жыл бұрын
People Like Us Buy Such Stuff
@Xpuk188
2 ай бұрын
Har gali choraye pe ek se barkar ek painter ye duniya mein lakho painter hai samaj mein nahi aata kyu itna mehnga hota hai painting .
@aviralsingh002
2 жыл бұрын
Actually, the same person can value the painting at 10 cr, the loophole is there.
@mayurdongardive614
2 жыл бұрын
Common sense chutya banara
@amitbhattar789
2 жыл бұрын
No provision under the Income-tax Act 1962 which provides benefit for such charity. Not even 80G
@rachi0315
2 жыл бұрын
Yaar simple sa funda logo ko samjh nhi aarha h... Ok I try may be samjh aajaye.. Pehli baat hui jo aap log kh rhe ho 10cr me bechi kyu nhi...10 crore ki boli laganae wala uska khud ka bnda hoga gurantee h meri...nhi to koi bhi business man painting bechne ki sochta... or aapne bahut se Bollywood waalo k khaas tor pr jb ye Kon bnega crorepati me aate h to jeeta hua amount charity kar dete h apne khud k NGO ko ...aapko pata nhi hoga charity karne se bade amir log tax bachcha lete h or khud k NGO me charity krke wo pesa bhi inke khud k pass aajata h or tax bhi bachta h ..in the same way painting kharidna us 1 cr ki painting ko 10cr ka batana or fir charity krke 3 crore bachana ye sab in amir logo ka tarika h tax bachane ka...aise he ye kai jgh charity show karte h or tax bacha lete h...jo ki charity bhi jaydatr bs show karte h actually me Gov't ki jeb me kuch na jaaye amir or amir hote jaate h...isme CA wagerh help karte h kese tax bachega kha se kese kitna pesa bacha le... I hope dhadhli ka ye dhandha kese hota h samjh aagya hoga ...
@pranjalkamra
2 жыл бұрын
Absolutely!!
@sanyam_agarwal
2 жыл бұрын
@@pranjalkamra This comment deserves to be pinned. I also had the same doubt.
@zeesunoo6950
2 жыл бұрын
.... And this is how the ameer gets ameer tar!
@summersaidgoodbye7340
2 жыл бұрын
Bhai pura assignment likh diya
@saddab
2 жыл бұрын
No! There's a limit on the deduction on donation, your major part of income remains taxable, And DONOT claim that CAs help Rich people in invasions of taxes (Khud k NGO m donation dekr Income tax me deduction nhi milta h bhai, andhi public ko chashma mt pehnao) (Political parties ko donation dekr, unse black money cash me liya jata h, yh practical h) There is PMLA 2002, CA Act 1949, Companies Act 2013 There is ICAI, NFRA, Central Govt. for taking care of all these CAs may help them in tax planning within the boundaries of law, not in tax invasion not all of them Also, those CAs who are involved in such activities, have to suffer consequences of professional misconduct, Even if a very small proportion of CAs get involved in this, people claim that all CAs are alike, Do you know, how much effort one has to put? Do you know, what is the pass % of CA exams? How many years one have to give to CA course to hold a prefix of CA? Even if the majority are not in involved in tax evasion or similar kind of misconduct, People claim them, all of them to be corrupt. Also, CAs are not only experts in Taxation, They have to an expert in Accounting, Auditing, Finance, Cost & Management, Company Law, Business Law, Economic Law, Strategic Management
@urbigboss
7 ай бұрын
अब जिसने 1 करोड़ की पेंटिंग ली वो Income Tax department को लीगली कैसे prove करेगा कि मैने जो पेंटिंग चैरिटी में दी है उसकी कीमत अब 10 करोड़ रुपए है। कोई Govt की authority उसकी कीमत लगाएगी तभी prove होगा। अगर वो उसकी कीमत legally रुपए 10 करोड़ prove करेगा तभी उसे 3 करोड़ का इनपुट मिलेगा।
@mirzaahmad5252
2 жыл бұрын
Thanks for this information 😄👍
@baji740
2 жыл бұрын
Bro your content is amazing just focus on little editing like cuts and little background music and that will boom it 🔥🔥
@shuddiind7738
2 жыл бұрын
Thank you for explaining.....
@vivek3638
2 жыл бұрын
Thanks a lot from the bottom of my heart for this knowledge
@salmanomi6962
2 жыл бұрын
Worlds most expensive painting bought by Saudi prince MBS and by that time there wasn’t any tax made by Saudi government for public or anyone
@RaviKiran-ep6cs
2 жыл бұрын
Please make detailed video, lot of confusion , unable to execute in my mind
@ABmr.360
Жыл бұрын
I may help you.
@AllinOneShorts1989
2 жыл бұрын
Hearing all this i have great respect for Maggie which never get cooked in 2 minutes and also the mixture of sodium sulphate in nitrogen cloride never results in blast due to low manpower for fulfilling the target which is for the measuring temperature of sun ji at night which comes to meet moon ji for amalgamation of designs made by Tanishq Jewellers for the couples which recently ate "Bill se Bhoodi" wala motu who made a blog for his suhagraat as well just to increase his views.
@SSC_CGL_CHSL
2 жыл бұрын
😂😂😂😂😂😂😂 So frustrated 🥴
@akashbiradar2712
6 ай бұрын
2 cr profit and cash me ye swiss account me paise aaye vo aalag. New knowledge i got today thanks.
@bombshell00
2 жыл бұрын
That's a great advice! Haha
@KingOfHithlum
2 жыл бұрын
Only irony of getting a big tax cuts is that one has to earn a crazy amount of money!
@RKJha-wm3us
8 ай бұрын
Wow ! what a idea.
@lalalalala627
7 ай бұрын
I never see such a genius.. 7 corer for charity and 3 corer tax credit
@ChandraPrakashPahlani
2 жыл бұрын
Bro 10 Cr. me sale karke aaram se 3 Cr. Tax pay karo fir bhi 7-1= 6 Cr. ka profit h. Jo ki 3 Cr. Ki credit se to jyada hi h.🤔
@sumitrajput16_5_95
2 жыл бұрын
Baat to sahi h... Video banane wala agar reply nhi krta to samajh jana uska video faltu h or uske paas koi reasonable answer nhi h
@shubhampatel_2704
2 жыл бұрын
@@sumitrajput16_5_95 Thts the catch man.. No one has to actually buy it.. Someone needs to Inerested in buying it in 10cr. Tht makes the value of the painting 10cr and so it is a 10cr charity.. Hope u got their scam. ❤
@sumitrajput16_5_95
2 жыл бұрын
@@shubhampatel_2704 means its value is increasing virtually but the owner getting tax exemption on real...
@shubh4319
2 жыл бұрын
All based on assumption that someone will buy at 10 crores 🤣 What if someone offers 1.5 crores
@sankalpsinghbais5431
2 жыл бұрын
50 lakhs profit 😅😂
@sankalpsinghbais5431
2 жыл бұрын
@shubh after 30% income tax ----> 1 cr 5 lakhs
@sankalpsinghbais5431
2 жыл бұрын
So final profit 5 lakhs
@sky_suraj
2 жыл бұрын
Even 10cr me bechega to tax dene ke baad 6 cr ka net profit hoga jo 3 cr se tax credit se zada hai...
@sahibzadafakhrealam1688
2 жыл бұрын
Some of friends are saying that why shouldn't have he sold it in 10 crore..Thats not the real buyer..he means a hidden deal b/w 2 people just to increase the price..
@108GALAXY
2 жыл бұрын
People buys painting because they are trade products, but not Tax saving tool. If i purchased a painting at Rs.50L in Jan2022 and selles it at Rs.75L within Dec2022, i made 50% profit. No business gives 50% profit in just one year.
@poojanayak466
2 жыл бұрын
This just blew my mind. 🤯🤯
@muskmelon2430
2 жыл бұрын
Fake information hai.
@sniperhimanshu5659
2 жыл бұрын
Why your mind is paper or what
@rishiparkar
2 жыл бұрын
Mujhe bhi kuch smja nahi
@anuragtiwari6737
2 жыл бұрын
Samajh bhi aaya h 😂
@naveenchaudhary4072
2 жыл бұрын
*first time apki video samaj nai ayi* 1 crore ki painting.. 10.crore me. Bechi.. To 3 core ka profit kese hua
@lovishaggarwal1402
2 жыл бұрын
3 crore ka profit nhi hooa uska tax bacha h jo ki usko lets assume 30% dena padta so isliye bola ki 10 crore ke saath 3 crore bhi bacha liye
@naveenchaudhary4072
2 жыл бұрын
@@lovishaggarwal1402 bhai poora vdieo explain kar sakte ho short me.. Muje smaja nai aya
@lovishaggarwal1402
2 жыл бұрын
@@naveenchaudhary4072 kuch nhi b bs itna smghlo ki paintings jaisi cheezo me tax nhi lgta to jo ameer log hote h unka tax slab bhot high hota h to vo 1 crore ki painting khreedlete h and usko apne exibition me as such rkhlete h and koi unke painting ke 10 crore me lene ko taayar hojata h to usko vo dete h vo bhi bina koi tax diye so aise krke vo 10 crore and uske saath saath tax bhi bacha lete h
@PositiveVibes-er4nn
2 жыл бұрын
@@lovishaggarwal1402 लेकीन १० करोड मे लेणे वाला पागल होगा क्या? उसके पैसे - १० करोड तो museum को देने ही पडेंगे ना? वो घुम फिर कर उसके पास कैसे आयेंगे? Museum तो दान नहीं कर सकता किसी व्यक्ती को पैसे.
@abhisheknaik8798
2 жыл бұрын
Wohi to
@ravipatil2724
Жыл бұрын
Why don't they sell it. While tax is 3 crore and he bought painting for 1 crore then he would get 6 crore.
@bageshwardham-1M
11 ай бұрын
No one actually wants the painting. Every other buyer of the same painting is buying just to save the tax using same strategy😐 meanwhile fuddu painting price :📈📈📈...
@AayushKumar-lr6nk
2 жыл бұрын
Instead of saving 3 cr as tax if he sells it for 10 cr then he will have more profit😅😅
@sameerkumardash5795
2 жыл бұрын
Thts the catch man.. No one has to actually buy it.. Someone needs to Inerested in buying it in 10cr. Tht makes the value of the painting 10cr and so it is a 10cr charity.. Hope u got their scam
@randomdude9135
2 жыл бұрын
@@sameerkumardash5795 wtf.
@maskhara999
2 жыл бұрын
@@sameerkumardash5795 then why wont the person who got the painting at 1crore hire someone to say "i want to buy it for 1000cr", then he will have even more profit. This is some bullshit, there must be some catch in this.
@d-e-v-esh
2 жыл бұрын
@@maskhara999 1000cr is not believeable but 10cr is.
@abhisheksaxena6778
2 жыл бұрын
@@maskhara999 I was also thinking the same......Nahi toh apne hi aadmiyo se jyada se jyada boli lagwa le har koi welcome movie ki tareh
@shonaprincess8025
2 жыл бұрын
Wow.. thank you so much … I will do the same 👍
@bpbadola7906
8 ай бұрын
इसी तरह से प्रियंका वाड्रा की पेंटिंग करोड़ों में बिकी और करोड़ों की टैक्स चोरी की गई थी...
@skyscraper4436
2 жыл бұрын
I thought buying painting as in investment. As time goes it become more valuable. Then they sell when they need money
@100DaysExile
2 жыл бұрын
For most of the billionaires paintings are an investment, a symbol of their royalty and a way to display their interest in arts.
@deeepzzz
2 жыл бұрын
Yeah, he was studying in 3rd standard when he bought that painting.! Areee yaar, then why he could have sell it for 10 lakhs? At least five lakhs? 😎
@sunnymourya8303
2 жыл бұрын
Wow, really interesting i never knew it😲🤔🤔
@shazyaali488
6 ай бұрын
Waah what an explanation 😊
@alimirza2194
2 жыл бұрын
He sold the painting in one crore and after that he paid three crore to income tax, how it's possible 🤨.
@demotivationalspeaker727
2 жыл бұрын
Pay nhi kiya balky 3 crore tax bachaya
@AKS2811
2 жыл бұрын
Jisne 10 Crore me painting museum se kharidi, uska tax kaise bachega sir?
@ragnarok9127
2 жыл бұрын
Wo 50crore me bechega,aur yr cycle chalti rhegi. Ap 3 log bnao,wo aage 3 log bnayenge, 21 din me paisa double😂😂
Painting trade is the biggest legal money laundering mechanism
@akash_verma23
Жыл бұрын
Why rich people buy paintings at 5 crores? -> Because they are rich lol 😂😂😂
@AJThorat.
10 ай бұрын
1करोड की पेंटिंग Reselling करणे के लिये कोई खरिददार भी चाहिए, और अगर होगा तो उसको 😏 पसंत भी आनी चाहिए ना ! 🤔 अगर नही बिकी तो पुरा पैसा पाणी मे 😂😅
@slender5738
7 ай бұрын
पेंटिंग बेचने वालों का पूरा ऑडिट सिस्टम होता है कई सारे अमीर लोग एक साथ काम करते हैं और पेंटिंग की निश्चित कीमत नहीं है सोने की तरह इसमें कितनी भी कीमत पर बेच सकते हैं
@anshverma2278
10 ай бұрын
It is also called "MONEY LAUNDERING" in simple words
@sudhir2455
7 ай бұрын
That's what lalchi govt is also doing. Unko kaun pakdega
@manojtripathi7879
7 ай бұрын
I didn't know this😮 Thank you❤
@green_tuber
7 ай бұрын
Aur vo painting hoti bhi do kaudi ki hai. For example " Ghas khata hua ghoda " jisme ghoda ghas khake chala bhi gaya hai.
@AsjadSS
2 жыл бұрын
But how can you prove that someone's actually interested in buying something this expensive without actually paying? Are governments fools this way???
@sneakers_official
2 жыл бұрын
But he can sell it and earn 10 cr and after paying tax than also he left with 7 cr now tell me which is more beneficial 3 cr deal or 7 cr deal
@sta1RR
2 жыл бұрын
I value my house at 100 crore doesnt mean someone will be stupid enough to pay me 100 cr for it right?
@GouriPrasadPatnaik
Жыл бұрын
Yae sab karne sae acha hae tax hi bhar lo defense budget badha painge😊
@MrByTheWay
7 ай бұрын
Wah kya economics hai Desh ase hi taraqi karga Grareb!
@aceofspades9298
2 жыл бұрын
He missed few steps, he himself buys that painting for 10 corore, now he made 9 coror (30% tax saving, he has painting and also adds value on painting) and then give it to their own charity organisation (another 30% tax saving), and add Thier value on assets (10 core), now he makes 16 corores.
@shamlaAK
2 жыл бұрын
He bought it for 1cr
@arjunmalik8696
2 жыл бұрын
How anyone can buy a product from himself plz explain?
@RohanDeNoronha
Жыл бұрын
Artist's are making way more money than doctors and engineers, still people make fun of those who take Arts 🤦🏼
@dinkarnerkar4619
2 жыл бұрын
Sir hats off to you great work sir go on we really hungry for your valuable knowledge ☺️☺️☺️
@himanshujimmy8508
2 жыл бұрын
अबे उसे 10 करोड़ में बेच ओर 3 करोड़ का टेक्स दे और 7 करोड़ जेब मे डाल ओर चुप चाप घर चला जा यही है सीधा गणित समझा😂😂😂😂😂😂😂
@skyinearth
2 жыл бұрын
Please make a video on NFT's so that these people can learn that everyone bought by Rich's is not to save taxes😂😂
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