Painful as it seems but it is that time of the year when you need to submit Form 16(Tax Deducted at Source salary) and Form 12BA(Perquisites) to the government. But the good thing is that there are Chartered Accountants available in aplenty to file the returns for you. They charge anywhere between Rs.100 - Rs.200 for each return filed. They collect your forms, PAN card copy, bank details and fill up the relevant forms before they file it and bring you an acknowledgment receipt from the government. You save the trouble of doing all these yourself and standing in the line during government working hours.
How trustworthy are these people? I tend to trust them because so many others do. If there are issues, there are others to stand with you and fight for a common cause. We tend to feel safe if you have a crowd by your side. But how many times have a large group of small investors been cheated by fly-by-night finance companies. Digressing, I recently watched a programme on Discovery which showed about the London subway bombers. They showed how people, when in a group, tend to follow the group irrespective of how very different they are. This can lead to radicalization of individuals when otherwise would be leading a simple holistic life.
Coming back to filing IT returns. What is the worst that can happen? Privacy! Your entire financial portfolio can very well be compromised. It is back to the same argument. Would you forsake convenience/ease for security?
I do plan to file my own returns from next year.
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