A Personal Anecdote

Immediately after Independence our family was granted a licence , on very liberal terms ,to set up a Light Engineering Unit at Rajpura ( Punjab ) .

When one of my Uncles ( Taya ji ) was in  England ,around 1948, ( as nearly all the bicycle manufacturing  machinery was imported   ) he went one evening with friends / relatives to a Restaurant in London.

After the meal my Uncle gave a tip of 1 Pound to the English Waiter. The Waiter , in return ,  gave a Majestic Salute to my uncle.

My Uncle , again , took out another Note and gave tip and the  White Waiter , again Saluted.

My uncle went on giving the notes and receiving salutes till all the money in his wallet was exhausted.

His co diners were , naturally , very surprised and asked him the reason.

Uncle replied :-

" YEH ANGREJ JO KAL TAK HUM PAR RAAJ KARTEY THEY AAJ HAMAREY EK NOTE DENEY PAR HAMEY SALAAM MARTEY HAIN. ISS SEY JAYADA JINDAGI MEIN  HAMAREY LIYE AUR KYA KHUSHI HOGI .

Zim Lab Listing in BSE from Friday

Blog Credit to

TUSHAR S AGARWAL
AHMEDABAD
M# 98246 01977
M# 94261 31075

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OLD POST

Zim Lab- Direct Listing ??- Please Recheck

We have received a message from an investor that Zim Lab is going in for a direct listing.

Please Recheck this. No responsibility for accuracy.

For Annual Report - 2017 of Zim Lab ,please click

http://zimlab.in/images/Annual%20Report-2017.pdf

Merger of 4 PSU Banks ??

please click

https://www.livemint.com/Industry/PFZf4q3BtZ7quULf3tj88N/Govt-weighs-merger-of-Bank-of-Baroda-IDBI-Bank-Oriental-Ba.html

Amol Dicalite-Superb 2017-18 Results

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Blog Credit to


TUSHAR S AGARWAL
AHMEDABAD
M# 98246 01977
M# 94261 31075

Why do we use the word RETURNS for Income tax details ?

The answer lies in the situation prevailing in British India in 1860 when Income Tax was first introduced in India.

Before the Revolt of 1857 , East India Company officials were most corrupt.

In the Reforms introduced by the British Crown administration every British official RETURNING to England had to submit details of the property he had acquired during his stay in India ( Hence , the word RETURN ) Robert Clive , Warren Hastings had acquired millions by looting Indians ( Back in England , they were derisively called "NABOBS `
) "

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https://www.ebay.in/…/INDIA-5-RUPEE-INCOME-TAX…/273094084623

Rs.5 Coin - 150 Years of Income Tax - Very Strange Legend Glorifying British Rule

This Rs. 5 Coin carries a very bizarre legend which states
" 150 YEARS OF BUILDING INDIA "

This is very strange as from 1860 ( when Income Tax was first introduced by the British Colonial Masters ) till 1947 India was an enslaved country. How could British be BUILDING INDIA ( from 1860 to 1947 ). The British were , in fact LOOTING INDIA.

Income Tax was , in fact , introduced by the British to compensate the British Govt. for the massive expenses incurred by them for suppressing , most brutally the Revolt ( First War of Independence ) of 1857 ( SURELY NOT BUILDING INDIA - as the Coin states )

Why is there an image of the great Mauryan Philosopher , Chanakya on this coin ?What has the great Chanakya got to do with 150 years of Income Tax ? Chanakya would have advised kicking out the British.

There has been a demand that this Coin be withdrawn from circulation as it insults the Indian Freedom Struggle by glorifying the British Rule ( who surely were not BUILDING INDIA )
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What the coin depicts - On the right side a bust of Chankya -,on the left a Lotus flower and a honey bee collecting nectar on the top of the flower -----Ideally, governments should collect taxes like a honeybee, which sucks just the right amount of honey from the flower so that both can survive-Chanakya's famous quotation.