On Saturday 18 Jun 2011 11:41:03 pm Vinayak Hegde wrote: > Public figure saves money by twisting the law. Almost every individual I > know does this. eg. declaring receipts for medical bills after giving a cut > to the chemist from where the bills are procured. Why do we hold public > figures to higher standards than our colleagues or neighbours for aspects > of their lives that have nothing to do with them being famous ? >
Er chillax. Every person who does not have tax deducted from his cheque at source is given a list of thins he can claim against tax. The right thing to do is to make the claim. That is the sensible thing to do. It may be disputed. If it is disputed and you lose - you pay the tax. If not you get a refund. It;'s that simpl. There no immorality here. Any accountant who helps you with tax returns will tell you that. I have often been advised that it is impiortant to be open and pay tax. The tax man may not be able to check every paisa but provided you are within some bounds you can get off. What Sachin's tax advisers have done is what hndreds of thousnads of people do perfectly legally as a matter of course. It is only the unusually large amounts that have caught the taxman's eye. It is th people who earn crores and do not pay tax at all who are the real problem. Not Sachin Tendulkar. shiv
