Rahul Gupta (Project Controller ACA MBA(Fin.)) 11 May 2010
Letter to god
A little boy wanted Rs.50 very badly and prayed for weeks, but nothing happened.
Finally he decided to write God a letter requesting the Rs.50.
When the postal authorities received the letter addressed to God, INDIA, they decided to forward
it to the President of the India as a joke.
The President was so amused, that he instructed his secretary to send the little boy Rs.20.
The President thought this would appear to be a lot of money (Rs.50) to a little boy,
and he did not want to spoil the kid.
The little boy was delighted with Rs.20, and decided to write a thank you note to God,
"Dear God: Thank you very much for sending the money.
However, I noticed that you sent it through the
Rashtrapati Bhavan in New Delhi
, and those people deducted Rs.30 as tax ... "
Aditya Maheshwari (CA in Practice) 11 May 2010
Very correctly said. If u look at the present senario it seems as every amount received is by deducting taxes only and the current TDS provisions are such that it seems each & every payment needs tax deduction..