Its Tax Audit Season!

Finally the IAY audit assignment is over. But its end has marked the beginning of hyper stressed period of tax audit. This month is one of those months when everyone in the firm is busy. Chatting, gossiping is out of question. The few sounds that can be heard are of calculaters or keyboards being pressed, printers and faxes and telephone rings. But this is the time when i love working in the firm. The sense of emergency and everyones battle against time brings a sense of adventure in controlled office environment!

Get your Address Proof from Post Office

The Indian Postal Department is now issuing address cum identity proofs. To get the postal identity cards you have to make an application on prescribed form for Rs. 10/- and submit it with a fee of Rs. 240/- in the nearby Head Post office, as not all the post offices are providing this service. Once you have submitted the application form for Postal Address cum Identity Proof, a postman will visit your place to verify your address. Once the verification is complete, you will get the Postal Address cum Identity card. However the whole process may take upto a maximum of 2 months. The ID once issued will be valid for 3 years after which it has to be renewed for a fee of Rs. 140/-. In case you lose the Postal Address cum Residence Proof, the postal department will issue you a duplicate proof for a fee of Rs. 190/-.
Though the initiative by the Indian Postal Department is appreciable, i have noticed a few downsides -
1.) In some places like Bangalore, the postal department is demanding the Voter ID to issue the residence cum identity proof. At this moment i can not find a single reason as to why a person with Voter ID will need a Postal ID.
2.) The maximum time duration for the entire process is 2 months, which is kinda too much stretched in my opinion.
3.) Are these ids recognized by other Govt. Departments? Are these valid for opening a bank a/c, etc.
So did you apply for you Postal Residence cum Identity Proof? Did you face any problem? Share your thoughts with me.

Time is running out!

The next PCC exam is going to be held in November. And the next month every indian CA Firm is going to be busy with Tax Audit. I'm kinda stressed out if i would be able give proper attention to studies. And to make the things worse my principal has asked me to be the part of IAY Audit Team. Really i'm having doubts bout following my study schedule in the next month.