One of the most interesting things that I would like to share with you – my reader – as a point of interest is related to the quote above, that happens to be one of my #Favourite #Quotes, is that had it not been for my first boss in me first job in the industry, in a Multi-National-Company (MNC) – which I am sure many of you would have heard of, especially if you are an Indian – called Ingersoll-Rand (India) Limited or IRIL for short. He was the Factory-Controller-Cum-GM (Finance) then, and I cannot name him publicly, short of saying that he was another Chartered Accountant, just like me. However, it was my first job as a qualified professional in their Internal Audit Department, as an Internal Audit Officer (Grade III). Why it is important is that he insisted that every piece of paper I brought to him, should be prepared on the computer, using the available packages of that time, remember, in 1988-89, the only software that was available was in the good old DOS Operating System, so we had WordStar as the word processor, Lotus 1-2-3 as the spreadsheet and dBase / FoxPro as the data processing software(s). Then when in 1995, Microsoft launched it’s Windows 3/3.1 with Microsoft Excel, Microsoft Word and Microsoft Access as their spreadsheet / word processor / database software, it was a breeze for me to adapt to them.
More to you on this in my future posts. Happy Reading !! Cheers !!
They say a picture speaks what a thousand words cannot express, and that is the reason I prepared the above picture painstakingly in Microsoft Powerpoint, beginning by taking a screenshot of the worksheet showing the running total as a part of the calculation of the qualifying amount of the deductions u/s 80C under the various heads depicted from serial (a) to (f) under serial no. 5. Thereafter I added three other shapes, and the various captions and finally the explanation of the formula itself. If you want a copy of the formula, here it is in a copy-able format below: