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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3. The world-renowned mathematician named Perelman gave huge money back to field medals and awards known as the Nobel Prize in Mathematics worldwide. He said-We had a family of very scarcity. To save mother's money, we had to keep calculating. Managed to show a little math.
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..math skills in that way. Now there is no scarcity, so what will I do with so much money?
Seeing the modesty of these people, my head is bowed down in honour. These people repeatedly remind that being humble doesn't mean falling short, it's growing much bigger.
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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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- 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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