The Other 'IT'

Knock Knock.
Who's there?
It's the taxman.
Taxman who?
The seed of all your tensions

Indian Income Tax department is not something to be proud of, and we all know that. But now the tax authorities have decided to get under the skin of the taxpayers even more. From this financial year, with a retrospective effect, the government has decided that citizens will have to detail every penny they spend on a spreadsheet or another computer readable format, and provide it to the IT department. All the talk of simplyfying the tax filing process, the saral form, was all an eyewash. This will make life hell for citizens, as the notorious IT professionals will leave no stone unturned to fill their personal coffers.

Perhaps this is a new scheme devised by the government to bridge the humongous fiscal deficit. By recording the expenses of the rich and the famous, the government wants to build a directory and compete with banks in selling it to marketing companies. More offers will reach them[read: unsolicited mail], and will lead to more of such purchases.

Chain Reaction!!!

See the India Today report at http://www.indiatoday.com/itoday/20040802/business.shtml