Thursday, September 25, 2008

IT, CA, and the JV

Sep. 30 has taken a toll on life and blogging. The dreaded IT return date will not be extended this time, as there haven’t been any changes in the framework, though a one month extension has been given to Bihar & JK due to socio-political issues. IT returns- this is another area where the laws of Murphy are very active. My CA, poor soul, he starts reminding me from the month of June about this impending date, but year after year, i always manage to reach this point wherein everything has to be done on a yesterday basis.

I've been spending the last few weeks at the CA's office. The journey of the raw data to the audited balance sheet is quite fascinating. But, the problem is that i don't enjoy it even though i'm reasonably well versed with it. CA's are an amazing breed, their calm and composure even when you take a problem to them which you thought would make you poorer by a few lacs or crores (depending upon your engagement) beats me, and the best part is they always have a solution. So most of the time you will find happy faces emerging out from a CA's cabin unless some one has been caught in a scrutiny.

I'll take this opportunity to praise someone who has stayed with me all along through the rough and the smooth and has delivered unflinchingly every year. Tally. I think it's the best product that has emerged from any of the small-medium software development houses. It's blazing fast, amazingly simple and user-friendly. I still remember that it took just 4 hours to make my dad proficient in Tally when he decided to computerize his office accounts. I'm looking forward to explore the latest versions.

While we are at this thing about CAs and accounts, i'll not overlook another master tool. The JV. What's a CA without the JV? It's the master key for every problem. In the final run towards the BS it's the handiest tool. For most of my questions born out of ignorance there is one standard answer- 'JV pass karna padega'. So, pass that JV before you fail.

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