Google Mail ID

15-Sep-2019: Food for Thought

Do you know that the GMAIL ID is NOT unique- what it means is the same ID can be shared by several people. You may wonder HOW?

Let me explain: If a Gmail ID is abcdef@..., and if you place a dot [.] anywhere in between, then for Google it will mean the same person. But hold on for a moment- the reverse is not true. If some other person registers an ID like abc.def@..., then it will be accepted and both will get the mail meant for either. In the first instance, putting a dot will not make the existing email different, but while registering the Gmail will think they are different and hence registers the ID.

And both the persons will be able to have their own ID only separated by the respective passwords. Think it, try it. Sometimes I wonder how a big & renowned eMail provider does this.

Income Tax Dept & TDS

01-Jul-2019: Just Think of it

Just think of it: 

(1) IT Dept has extended the date of TDS deposit to 30-Jun-2019, and updating the data at their end to 10-Jul-2019. But for the ITR filing public the last date is still 31-Jul-2019. How does the IT Dept expect to have compliance within 3 weeks? 

(2) A new provision has been incorporated in ITR filing online- if the 26AS doesn't reflect correctly the TDS, then it can be added. Fine, theoretically. But how they are going to check it if the TDS deductor has not complied, or take action if found guilty? 

(3) What if the TDS is updated in the 26AS after one has filed ITR? will the system automatically update the TDS column of the ITR already filed? One PSU Bank has not yet deposited a single rupee of TDS throughout the year till today. 

(4) Why doesn't the IT Dept make it on line (Real Time transfer) the moment the TDS is deducted. It looks like the IT Dept is equally to blame for the non compliance of ITax if any due. What you say?

Our Economists

Poits to Ponder for 15-May-2019:

Our Country is proud of its world class Economists. But if we analyse a little we find something weird in their views. Without casting aspersion on any, we can say these: 

One of them 

(1) Doled out Rs 1 Bn (100 Cr) to a private NGO / Private Trust in July-1991; 

(2) Said Minorities must have first claim on resources in December 2006;

(3) Said, “We need to contain subsidies, Money doesn’t grow on trees” in Sep-2012; 

(4) And then went on to support the so called “NYAY” scheme in Mar-2019. 

Another criticises the current “MUDRA” scheme for serious flaws, but supports “NYAY”. 

And yet the latest entrant to the field of eminence even had conceptualised the “NYAY” scheme himself. 

Can we not have a group of eminent Economists helping the GoI with constructive and continuous participation, and not just criticism. Points to ponder! What you say?

Words of Wisdom

Words of Wisdom for 4-Mar-2018:

“Those who fail to learn from history are doomed to repeat it.” Sir Winston Churchill (1874-1965-English)

“Those who cannot remember the past are condemned to repeat it.” George Santayana (1863-1952-Spanish)

These famous statements have produced many paraphrases and variants:

Those who do not read history are doomed to repeat it.

Those who cannot learn from history are doomed to repeat it.

Those who do not know history's mistakes are doomed to repeat them.

Those who do not remember their past are condemned to repeat their mistakes.

Those who fail to learn from the mistakes of their predecessors are destined to repeat them.