This new kid needs little introduction to India. Why,for a billion people he is God-incarnate on a cricket field. But these billions are left deluded after the star has claimed that he's an actor and not a cricketer by profession. Don't believe? Check this out:
In order to save tax of around Rs 2 crore on income derived from doing TV commercials, Tendulkar told the Income Tax tribunal that acting, not cricket, is his profession. The tribunal accepted that he is an artist on the grounds that "he has to use his own skills, imagination and creativity in the commercials".
Tendulkar was levied an income tax of Rs 2,08,59,707 on the income of Rs 5,92,31,211 that he earned from ESPN Star Sports, PepsiCo and Visa in foreign currency during 2001-02 and 2004-05. He had challenged the order of the Commissioner of Income Tax-Appeal (CIT-A), to pay up. In an order on May 20, the tribunal ruled that Tendulkar could claim deduction in tax on his income from modelling as he is an artist.
Tendulkar had claimed deduction of tax under Section 80RR of the Income Tax Act. The section states that a person can claim tax deduction if he is a playwright, artist, musician, actor or sportsman and the income for which deduction is claimed is derived by him in the exercise of his profession.
So all these years he was an actor who was playing for the national cricket team just as a hobby? Can anyone get more cheap? All these years having earned himself a clean image as a honest,down to earth man this act has put him to shame,and it is amazing that our so called neutral media has not highlighted this issue! I personally am a great admirer of the man and the role he plays in inspiring millions of youngsters across the country. I opine that probably his tax consultants are to blame.In trying to save a few extra crores of tax for their client, they've inadvertently sold off his credibility and clean image.
Sunday, June 19, 2011
Friday, June 3, 2011
Know your Country-II
After going underground for the past so many months, I'm back. In this intervening period,our country has been engulfed by, well, what seems like a resurgence wave,a wave against corruption in public life.
The 2-G scam which was the subject of the last article,has become a monster,with various skeletons relating to it falling from the Congress cupboard every other day. Political big-wigs and top corporate honchos have been sent to jail. As the case proceeds in court,we can expect the juggernaut to roll and many more names coming out.
One thing , that we as responsible citizens, must realise is that the 2-G is not just restricted to the people who have been jailed now.It's simply too big a fish for people like A.Raja to have convincingly handled all alone! There are bigger people behind this and they must be identified. Any fairly intelligent citzen can work this out. Is it even possible that a minister,that too,from a regional ally could have gone right against the PMs own letter saying that spectrum pricing has been questionable. Raja in response sent a letter to Dr.Manmohan Singh asking him,in effect,to stay out of the issue!! How can anyone do it so blatantly unless one had a strong backing?!
Who,at the moment,in India is stronger than the PM?? Well,no prizes for guessing. One need look no further than the TWO Gs of Indian politics- Sonia G and Rahul G. Sonia is not even her real name and sse is not an Indian citizen. Read this illuminating series of articles by Dr.Subramanium Swamy to know the real Sonia.
http://www.janataparty.org/sonia.html
more to come...
The 2-G scam which was the subject of the last article,has become a monster,with various skeletons relating to it falling from the Congress cupboard every other day. Political big-wigs and top corporate honchos have been sent to jail. As the case proceeds in court,we can expect the juggernaut to roll and many more names coming out.
One thing , that we as responsible citizens, must realise is that the 2-G is not just restricted to the people who have been jailed now.It's simply too big a fish for people like A.Raja to have convincingly handled all alone! There are bigger people behind this and they must be identified. Any fairly intelligent citzen can work this out. Is it even possible that a minister,that too,from a regional ally could have gone right against the PMs own letter saying that spectrum pricing has been questionable. Raja in response sent a letter to Dr.Manmohan Singh asking him,in effect,to stay out of the issue!! How can anyone do it so blatantly unless one had a strong backing?!
Who,at the moment,in India is stronger than the PM?? Well,no prizes for guessing. One need look no further than the TWO Gs of Indian politics- Sonia G and Rahul G. Sonia is not even her real name and sse is not an Indian citizen. Read this illuminating series of articles by Dr.Subramanium Swamy to know the real Sonia.
http://www.janataparty.org/sonia.html
more to come...
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