Thursday, April 02, 2009

A new financial year begins

Isn't it a funny twist of Fate that a new financial year begins on All Fools' Day? I am a practising professional, and as per Indian tax rules, I am required to file the returns of each financial year by the end of August of the second year of the two years that the financial year pertains to. For example, I must file the returns for the F.Y. 09/10 by August 31, 2009. And so on. Now, to tell you the truth, my Chartered Accountant (C.A.) has never filed my returns on time, and I am forever running to his office and seeking time with him to clear the accounts back-log and planning ahead for the next F.Y. This March-end, we finally submitted (with whopping late fees), the returns for the F.Y. 2007/08. Two more returns need to be filed now ... and I am keeping my fingers crossed.

Financially, the last twelve months were a complete disaster, and not just for me,but for almost all people in India and also all over the world. American citizens were the most hit, but no one anywhere in the world was spared. The inflow of cash is not a worry as much as is the inflow of patients, which is something that can cause doctors to get extremely bored and incapable of action.

I would have written more, but that will have to wait as I have too much other work at hand.


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