Dowry

Dowry

I am totally against the Dowry system which is prevalent in some Southeast Asian countries. In countries like India, the bride’s parents are sometimes required to pay huge sums of money in dowry.

During a serious debate on this issue amongst some educated friends, a question was raised – “Why do the bride’s parents need to pay dowry?”

The seriousness of the issue did not prevent a jovial Chartered Accountant friend of mine from commenting, “That’s because Excise duty on Production is payable at the time of dispatch of goods.”

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