1. Have an Interesting Snippet to Share : Click Here
    Dismiss Notice
  2. Would you like to join the IL team? See open jobs!
    Dismiss Notice
  3. What can you teach someone online? Tell us here!
    Dismiss Notice
  4. If someone taught you via skype, what would you want to learn? Tell us here!
    Dismiss Notice

The Doctor's Dance!

Discussion in 'Varalotti Rengasamy's Short & Serial Stories' started by varalotti, Jul 8, 2011.

  1. varalotti

    varalotti IL Hall of Fame

    Messages:
    9,047
    Likes Received:
    1,236
    Trophy Points:
    340
    Gender:
    Male
    My client, a middle-aged endoscopic surgeon, visited me in my office the other day.

    “Sridhar, the bank has deducted Rs.5700 tax from the interest paid on my fixed deposits. But they have not yet issued the certificate.”

    I stared at the balding man in his fifties known for springing in some nasty surprises at the last minute.

    “Don’t look at me like that, Sridhar. It’s all accounted. I am offering the entire 57000 interest to tax. I am worried about the tax credit for Rs.5700 deducted by the bank.”

    “I’ll check your 26AS on the net. If there’s a credit for that amount then you need not worry about the certificate.”

    “Can you please do it now, Sridhar, so that I’ll sleep peacefully tonight?”

    I logged into the site established my credentials and took out his tax statement. The man had sprung a surprise once again.

    “Congratulations, Doctor. The bank says that it has deducted Rs.57,000 from you.”

    “What? 57000? You mean 57 followed by 3 zeroes?”

    “57000 has been written that way from time immemorial.”

    The Doctor stood up and started to dance.

    “57000? You see that’s a windfall. My tax bill this time is less than forty grand. I need not have to pay anything and there will be a neat refund as well.”

    “Not so fast…”

    “For State Bank it’s just one more zero; and for me it’s sheer happiness.”

    “Doctor, the statement shows that Rs. 57000 tax has been deducted on an interest of Rs.570000 paid to you.”

    “What do you mean?”

    “If you want to enjoy the wrong tax credit of Rs.57000 you will have to offer Rs.570000 as your interest income. And pay another Rs.171000 as tax.”

    “How come?”

    “Simple Doctor. When you rely on the banks tax deduction figure the Department will rely on the interest figure given by the bank.”

    “Oh My God!”

    “Not only that, Doctor. If you got an interest of Rs.5,70,000 your total deposit should be in the range of Rs.60 lakhs. You should explain how you got that much money. Or else..”

    “Or else..”

    “Or else pay another Rs.18 lakhs as tax on the hitherto undisclosed income, not counting on the interest and penalty.”

    “OH MY GOD! WHAT SHOULD I DO NOW?”

    “Go to your bank. Tell them there is a mistake in the statement. Tell them that the tax credit due to you is only Rs.5700/- Get a certificate from them to that effect. And also a letter explaining the mistake committed by them. If there are any questions tomorrow we will have some solid evidence.”

    It took more than thirty minutes to make him understand that in tax matters as in life long-term peace is much more important than short-term pleasures.

    One of my acquaintances was a Master Carpenter. A big industrialist liked his work so much that he gave his outhouse for him rent-free.

    The carpenter led a happy life. He ate simple food, worked happily for about eight hours a day, spent quality time with his family even while doing his work, and earned enough money to support his simple life style.

    The only conveyance he owned was a dilapidated bicycle. That was the equivalent of a ‘family car’. He would take his family – his wife and two kids – in his cycle for the week-end movies.

    The Carpenter on the advice of his friend bought a lottery ticket and forgot about it soon.

    When the results of the draw came a month later he took out his ticket and checked it with the results published.

    He had won the bumper prize of Rupees One Crore.

    His life turned upside down after that. He and his wife spent sleepless nights planning on how to spend the money. He was shocked when he got only Rupees Sixty lakhs because there was tax deduction and other deductions like commission and service charges.

    He bought a house and a car. (Those days they were very cheap) And on the advice of one of his friends (he had many friends now) he started a finance company and lost almost all the money.

    Then he recovered a part of his money and started a furniture shop. He was in a Rotary Club while his wife was active in a ladies club.

    One day when I met him in a meeting he held my hands and told me,
    “Sridhar Sir, I wish I had not won that damn lottery. We were very happy those days. Now I hardly get to see my wife. I am not happy with what I do for a living.

    "I have a dozen hangers on but no real friend. Do you know I am in debt now? And I am struggling to pay my monthly interest? All thanks to the wasteful life-style.”

    I uttered something appropriate and moved away from him.

    In a way the Doctor was more fortunate than the carpenter. When he was about to get a windfall an accountant was there to warn him of the consequences.

    Of course it was a clear tax matter and any accountant could have handled that brief.

    But with the carpenter it was more complex. But if somebody had told him on the day he won the prize – that the bounty was not an unmixed blessing and that it came with a price tag, well he could have been more careful.

    If somebody had cautioned him about the dangers of big money he would not have even bought the ticket at all.

    Neither would he have longed for his pre-lottery life.

    We are quite adept in confusing God Himself.

    We pray to him, “Give me loads and loads of money and make me happy.” Or, “Make me highly powerful; only then will I be peaceful.”

    That’s like praying “Give me lots and lots of sugar and cure me of my diabetes.”

    Or, “Bless me with eternal hunger so that I can be slim”

    God brushes away these idiotic prayers with an indulgent smile.

    But at times he wants to warn people and sends an accountant to do that.

    At other times He really wants to show to the man how foolish his prayer is.

    He simply grants it like he did for the Master Carpenter.
     
    Loading...

  2. sreemanavaneeth

    sreemanavaneeth Gold IL'ite

    Messages:
    741
    Likes Received:
    361
    Trophy Points:
    140
    Gender:
    Female
    Dear Sir,

    Normally being an human we are always at the back of money and sometimes we want to have more wealth also. In carpenter case as you said if somebdoy would have guided that money would have been safe and he would have known the real value of it. Always GOD knows what has to be done and to give them back if anything went wrong if they are utilising the good Power key given to the humanbeing. A very good write up sir.
     
  3. Malathijagan

    Malathijagan Silver IL'ite

    Messages:
    1,292
    Likes Received:
    30
    Trophy Points:
    83
    Gender:
    Female
    Dear Sridhar,
    That was a real good comparison between the experience of a doctor and a carpenter! The only difference was that in the case of the doctor it was a factual error where as in that of the carpenter it was real.
    Money is always a pain in the neck but we can't do without it too!!! That is the irony!
    I read this blog immediately after mailing my scanned interest statements to my auditor! Not that I have too much money, but then whether I have taxable income or not, returns have to be filed!!!
    How very true!
    What a clear cut example!
    Nice blog.
    Love
    Malathi
     
  4. omsrisai

    omsrisai IL Hall of Fame

    Messages:
    3,164
    Likes Received:
    2,578
    Trophy Points:
    315
    Gender:
    Female
    So nice one Sridhar Sir...

    Comparsion of the doctor and carpenter was wonderful and its true that in this world we need money to live but we should not be having money as complete life...if so we will always be unhappy with whatever we have.
     
  5. AkilaMani

    AkilaMani Local Champion Staff Member IL Hall of Fame

    Messages:
    3,573
    Likes Received:
    3,327
    Trophy Points:
    308
    Gender:
    Female
    Dear sir,

    Money is required for living but the greed and craving to have loads of it is what causes pain and suffering. Wonderfully told sir.

    I am yet to read a lot of your writings sir... i was on a long vacation. I will read them all and get back to you later sir.

    Akila
     
  6. Sriniketan

    Sriniketan IL Hall of Fame

    Messages:
    12,521
    Likes Received:
    1,433
    Trophy Points:
    445
    Gender:
    Female
    Doctor's dance, that what we all do , when we see some extra credit coming our way..I don't blame him at all...but if there is anybody like an accountant to show that it comes with a price..we will change our dance to tune into reality, isn't it!
    Relating to the lottery..very true..that's what happenend in our State too..where this guy won the biggest lottery and his wife commented.."why did he win?"..true stories to remember.

    sriniketan
     
  7. varalotti

    varalotti IL Hall of Fame

    Messages:
    9,047
    Likes Received:
    1,236
    Trophy Points:
    340
    Gender:
    Male
    Dear Sreemathi,
    thanks for being the very first to venture into this blog. I agree with you. Getting huge money without the power required to manage it is real hell. God is very creative when it comes to punishment - for some he punishes with poverty. And for others like the one in this case he punishes with affluence.
    thanks once again,
    sridhar
     
  8. varalotti

    varalotti IL Hall of Fame

    Messages:
    9,047
    Likes Received:
    1,236
    Trophy Points:
    340
    Gender:
    Male
    Dear Malathi,
    thanks for coming in.
    In both the cases it was a factual error. In the Doctor's case it was quite obvious. No, it wasn't that obvious. There was a dull accountant to warn him of the consequences.
    In the carpenter's case there were no warnings. And the factual error was quite subtle.
    Believe me, we do need money. My clients even accuse me of being money-minded. I meticulously bill all the services I give to my client. But money is just a hygene factor. It's absence hurts you. But after a point, it's presence does not make any difference in your life. And if we apply the concept more the merrier to money then we will be losing both money and happiness.
    thanks once again,
    sridhar
     
  9. varalotti

    varalotti IL Hall of Fame

    Messages:
    9,047
    Likes Received:
    1,236
    Trophy Points:
    340
    Gender:
    Male
    Thanks a lot Uma. We need so many things in life of which money is the first. But once we tick that need off we should go to others. If we are obsessed with money then we will never be happy.
    thanks for coming in,
    sridhar
     
  10. varalotti

    varalotti IL Hall of Fame

    Messages:
    9,047
    Likes Received:
    1,236
    Trophy Points:
    340
    Gender:
    Male
    Dear Akila,
    Welcome back.
    Money is a must to our life. But craving for it, an obsessive desire to hold it and hoard it is a pathological problem.
    thanks for coming in and for the words of praise,
    sridhar
     

Share This Page