A thread on Anti-virus Pioneer John McAfee's Death👇
- John McAfee, 75, reportedly took his own life in prison in Barcelona, Spain.
- McAfee was found dead hours after Spain’s National Court approved his extradition to the US.
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- In 1987, he wrote the first anti-virus software, founding McAfee Associates Inc. to sell his creation. He resigned in 1994 and sold his remaining stake in the company
- McAfee is wanted in America for tax-related criminal charges with sentence of up to 30 years.
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- McAfee allegedly earned millions from speaking , consulting, promoting crypto and selling his life story rights for a documentary, according to June 15 indictment
-He was arrested on Oct 3, 2020, at El Prat airport in Spain, as he was about to flee the country to Turkey.
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- In Oct 2020 itself, McAfee was charged in Tennessee with evading taxes after failing to report income made from above sources.
- The Tennessee indictment said McAfee failed to file tax returns from 2014 to 2018, despite receiving considerable income from several sources.
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- However, the Autopsy report is yet to come but the authorities say it is prima facie suicide.
- A 2-year old tweet is now resurfacing saying that he would not kill himself.
Gesture of Modesty shown by some great personalities (Thread 👇)
1. Cricketer Rahul Dravid was given Doctorate by Bangalore University, Rahul Dravid returned it. Not only did he return, he also gave a wonderful speech, he said-
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he said - My wife is a doctor, she spent many sleepless nights and days to get this title.
My mother is an arts professor, she waited fifty long years for this degree. I have worked hard to play cricket, but I have not studied that much, so how do I not have this degree?
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2. Einstein was invited by the Israeli government to become the country's prime minister in 1952 Einstein humbly said-I am a noob student of physics. What do I understand of state governance?
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- RIL ETR at 3.46% of Profit Before Tax (before Exceptional Items). Last year RIL’s ETR was 23.65%. (85.36% lower than previous FY)
- RIL paid only ₹1,722 Cr tax in FY 2020-21 as compared to ₹13,726 Cr in FY 2019-20
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Why Reliance’s ETR was so down and how did it managed to save such huge sum of tax within the legal boundaries.
There are Mainly 3 Reasons as per explanation given by RIL to BusinessLine on it: 1. Loss on Merger with RHUSA 2. SEZ Allowance 3. Carried Forward Losses
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1. Loss on Merger with RHUSA
RIL merged its US subsidiary RHUSA (Reliance Holding USA) with it, and recognized a loss of ₹33,217 Cr on merger. Due to this, there was an increment in deferred tax assets of RIL by ₹8,517 Cr.
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15 Point Summary of New Income Tax Portal: (Thread)
1) The new IT Portal gets information / data / linkages from various other authorities such as BANKS, CIBIL, CAMS, TRACES, CDSL, GSTN etc.
It is possible that the data obtained above will be soon appearing in Form 26AS
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2) It is likely that for faster refunds there would be automatic 18-20 validation stages / model wherein if the assessee passes through it refund would be issued
3) Figures of following will appear
INS. PREMIUM
BANK INTEREST
SALE / PURCHASE OF SECURITIES
PPF CONTRIBUTIONS.
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4) PAN application will soon be online without any additional charges. An E-PAN can be downloaded
5) Going forward it seems that they would have an option on the portal that a person can view whether other person has filed his IT return or not
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