Friday, July 01, 2011

Read Before You Sign Any Document


   Around us score of frauds are happening on daily basis, but with wisdom and vigil anybody can avoid becoming victim of it. It is the liability of concern to read any document before signing on it or be alert before handing over identity to anyone, otherwise it can become trap for himself/herself, later on feeling repent on to his/her action is just wastage of energy as it will deliver to concerned only tension and sadness. Family members, relatives, friends or near or dear ones can cheat anyone easily after having signature on any document because we without any suspicion, bothering to read document sign on it, hence endorse our approval and tied ourselves from circumstances from where it is not easy to come out from crisis. In this regard it has seen that employees have blind faith on to their senior hence they exploited easily. Recently in the state of Gujarat, Ahmadabad city was in the news because of notice by Income Tax department to a plumber, who has income of only five thousand rupees per month but got notice from income tax department of 65 million rupees, this is the amount he not even think in his dream and perhaps in his life will never see or count, then how this happen that income tax department forward notice of such a big amount? If it was mistake of tax department or he was hiding the truth as in this case somewhere somebody is wrong, but when plumber receive the notice, he was shocked. Whole story goes like this –
  • Resident of Ahmdabad, Shivnath Patel is plumber by profession. Shivnath Patel works on daily basis and his monthly income is five thousand rupees only from all sources, had studied up to 12th standard, received notice from Income Tax department of 65 million rupees, for him it was such a big amount about whom he has not seen even in his dream. As per the details of notice during 2002-03 financial year from his bank account transaction of 65 million rupees was made to purchase 69,000 shares, and he was mentioned in the document as director of the company, thus income tax department has seek full details of it. He thought he had received notice from income tax department by mistake, hence he return it, but later on he received call from income tax department and they enquired about it, it surprise him. Then he try to memorise about that year had he did something like that, as he was in that financial year was only peon in a company and was getting 1500 rupees as salary, yes in that year he hand over his photo plus to open bank account had sign on papers in the presence of his Bose, perhaps that is how he trap in this scam, despite his request that he is innocent in this case and noting to do with shares but income tax department is not ready to listen his story. On the basis of notice he is afraid that his every asset can be seized, and if income tax department not agreed then he left with no other choice to commit suicide. When IT department enquired from other director then they got his reply that he left company before transaction.
Above code story is lesson for all the readers who sign without reading documents and if they still not alert and get rid on to their habit of signing without reading document then certainly can become Shivnath Patel number two and later on crying for foul can’t help them as signature of their on to document speak against them, so folks we alert from today onwards and don’t sign before reading any document or handing over your identity to anyone.

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WELCOME n Thanx for yourgoodself's valuable thoughts, certainly for me these words are Gem and will give me direction.........Nartan Gulal