RAHMAN'S REIGN

Guys and Girls,

I am going to tell you a story.. Not fully, but in parts.. A real-life story.. A bio-graphy of a great legend.. A true-hero’s rags to riches story.. Hope u like it..

Lets rewind our memories a little.. Way back in 1996. Most of you might have heard the movie “Rangeela”. A super hit film.. A short, black figure with robes that matched his colours was approached by a guy, some 5 months after the film hit the theatres.. The guy asked him to come to the national awards for best films (award distribution ceremony) to collect his award for the best music director.. This was not a surprise to him.. His songs from that film was the talk of the country for months and months.. It was played in every tea-shop, every saloon and every radio station.. It was like the National Anthem for many people.. He was obviously happy for this award as this was his first award for a Hindi film.. He went to the function.. He was all pleased to be there, to be with many celebrities, to receive this prestigious award before them.. The moment came.. The anchor announced “ The award for the best music-director goes to,….”.. He was ready to get up..

BUT the anchor announced some other name, some other music-director from a moderately hit film.. Everyone was shocked.. They were almost sure that their hero, who revolutionized the world of music would get the award..

After the ceremony was over, the media asked our hero about what he was feeling.. Everyone expected some angry remarks from him.. But he said, “GOD is great”..

Indeed, this was one of the special qualities of him that made him achieve a lot.. Patience and humbleness as he achieves greater heights..

And, who is the personality I am talking about??? No need to tell.. You all know him very well..

Any more such incidents in his life? Many many incidents.. Many incidents that helped him groom well.. Will talk about those in the next posts..


(ARR’s reign will continue...)

THIS WEEK'S QUESTION

Guys and Girls,

Last week's question was too too simple i think..

Lalit answered correctly (of course, when was he wrong?)..

Sarayu was in two minds i think ( A shock to me!! She used to be clear in her ideas!!)..

So, Lalit doesn't need introduction.. World famous personality!! A great guy to be with.. He is my best of best friends.. Have to learn a lot from him.. (Hardwork, Sincerity, Talent, Perfection, Punctuality, Honesty, Discipline, Loyalty etc...)

This week's question is,

2001-02 Business Loss of Rs. 2 Lakhs..
2002-03 Business loss of Rs. 5 Lakhs..
2002-03 Unabsorbed Depreciation Rs. 3.5 Lakhs..

2003-04 Profit of Rs. 7 Lakhs..

In which order the set-off should take place?

LAST WEEK'S QUESTION

Guys and Girls,

Sorry for the delay in updates.. The last questin was pretty easy (everyone ought to know).. The answer was given by Eshwar only which was correct.. I think asking questions daily seems a bit too much.. So we can ask it once a week as this gives an opportunity for those who donot have frequent access to net..

Now, back to business..

If a minor unmarried daughter receives Gift for her birthday from one of her relatives, say Rs. 5,000, will it be exempt as gift received is below Rs. 50,000 (or) since it is clubbed in the hands of the parent, will it be taxable after giving deduction of Rs. 1,500?