about anything under the Sun!
I p(r)ay to thee, my country….
Jul 31…that’s like the Income Tax department’s Valentine’s Day in India. I am sure it is the only day most of us are forced to think about them and acknowledge how “special” they are. Of course, given that efficiency is my middle name, I don’t believe in filing my taxes even a day earlier than it absolutely needs to get done. So there I was, queuing up at my Chartered Accountant’s office this morning to make sure I got my returns filed on time. Needless to say, this is the one day that the Chartered Accountant’s office has a semblance of a cool place to hang out in. Don’t get me wrong, I wanted to get done with my paperwork as quickly as possible and get the hell out of there. But today was the first time I saw more than visitors there than employees. And I am sure the accountants felt like superheroes today – mine even had a mask and cape on!
But all jokes apart, I am thankful for the service that these wonderful folks provide. I can’t imagine their jobs being fun – every single individual that comes along waits till the deadline is minutes away like yours truly, they usually have a good bit of their paperwork missing and they ask the dumbest possible questions – here are a few choice ones that I overheard today while I was there…
Oh, I am supposed to bring my Form-16? You didn’t tell me that when I called you (The Form-16 is the Indian version of the W-2)
No, you genius. The CA will magically figure out your Income statement and file.
Sir, this is my first year in a job. Do I have to count my entire salary as income?
There is something to be said about the Desi discount mentality – it is a core part of our DNA
I got married last year and spent quite a bit on my wedding. Am I allowed to deduct that? After all, I am taking up more responsibility, you know?
Yeah buddy, know the feeling. Pretty soon, paying taxes will be the least of your worries
So yeah, I didn’t know whether I was more amused or amazed, but I certainly don’t envy those poor CAs – superheroes or not, am sure they can’t wait for Aug 1 to show up so they won’t have to deal with these clowns for a while. And thank you once again, my dear CA for bailing me out at the eleventh hour, like you always do. We only meet once a year, and I never cease to be amazed at how well we are able to pick up from where we left off (and finish the next year’s returns). I can’t say the same for some of my best friends even.
All that aside, there is something to be said about some perspectives that one is privy to on this day though – for one, it is probably the only time of the year that you closely examine a compounded statement of everything you earned the previous year. And like it or not, it is a direct quantification of the work that you did. And you thought nothing would depress you more than just the thought of having to pay taxes? Think again.
As I was looking at my filing, I also realized how much money I pay the government, and with virtually no expectations for how that money will get spent. It is easily the single biggest expense of the year and yet I expect nothing in return? How sad is that? It is amazing how well our Netas have trained me to just donate that money away and not question it. If I had the freedom of putting that money to use, I know it will probably support a 100 families for the year. And if I extrapolate that to all the tax payers in the country, that could seriously bridge the rich-poor divide that our politicians so fondly speak of on every podium that’ll take their weight. Of course, the only class that pays Income taxes in India is the salaried class, so we can’t really count in the hundreds of millions here. But even then, this should add up to a serious chunk of money and will most certainly be put to better use than it currently is if smarter, more honest people were at the helm? I believe in paying my dues, and I am happy to do that – I really am, and always have been, but I only wish there was more accountability in the system and that the hard-earned money that people pay as taxes gets its due by being spent on better causes.
I will continue to hope and pray, but until a brighter day dawns, I guess the taxes I pay will sadly remain a write(right)-off!