The Chartered Accountant had just read the story of Cindrella to her four year old daughter for the first time. The little girl was fascinated by the story, especially the part where the pumpkin turns into golden coach. Suddenly she piped up, "Mamma, when the pumpkin turned into a golden coach, would that be classed as income or a long-term capital gain?"
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CA and her daughter
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:-)
Gud one.......
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