I’m depressed. I just had to pay 8000 bucks that I shouldn’t have to. And the worst part is that it’s my own fault. My own over eager idiocy :( . But I’m getting ahead of myself.<\/p>\n
The year is 2007-2008 and I had decided to file my income tax returns online for the first time. My salary at that time was a mere 1.64 lakhs and with my investments in tax saving instruments, my payable tax should have been 500 bucks. Now I’m not sure what happened exactly, but I think I wanted to pay advance tax and ended up paying this<\/em> years tax and filed next<\/em> years return…(pulls hair out in frustration).<\/p>\n The upshot is that the income tax department never learned that I had invested in tax saving instruments and sent me a notice under section 143(1) saying I had to pay 6000 bucks + interest for two years amounting to a grand total of Rs. 8000. I was heartbroken since I hate parting with money even when I should – imagine my chagrin at having to pay it when I didn’t!<\/p>\n This was on a Saturday and I was leaving for Florida the next day meaning I would never have an opportunity to explain the cock up to the tax authorities and set the record straight. And since I had done this out of my own stupidity, the only thing to do was to take it like a man and fork over the money. Sadly, I had been saving it for paying this<\/em> year’s taxes! So now I gotta accumulate it all over again.<\/p>\n Damn…<\/p>\n","protected":false},"excerpt":{"rendered":" How I lost Rs. 8000 in tax through my own stupidity<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,31,21,33],"tags":[],"class_list":["post-2221","post","type-post","status-publish","format-standard","hentry","category-financial-matters","category-nr","category-personal","category-sa"],"yoast_head":"\n