Monday, June 14, 2010

Who is not an artist?

Every country had a reputation for its citizens. Germans were known for their engineering prowess. Swiss for their timekeeping machines. Even later, Japan joined with their expertise in Cameras and Cars. An ancient country like India had no such positive quality associated with its citizens. UNTIL NOW.

A curious case of Income Tax which would have otherwise be read only by Income Tax practitioners as their duty to update their knowledge is likely to turn India into a LAND OF ARTISTS (legally recognized). Income earned abroad by Indian Residents would not be taxed if they were artists. Perhaps the origin of this section would be the honorable intention to expose Indian culture abroad via various artists of music and dance. Bollywood artists were the first ones to exploit this section by doing shows abroad and bringing in truckloads of tax free income.

When the decision of the court acknowledging a fashion designer to be an artist hit the newspapers, my phone did not stop ringing. Every person from any profession was seeking my opinion on how to project themselves as artists. All they wanted was to skip to the nearest country and bring back tax free income. I took all the calls for about 4 hours and then set down to jot the strategy of ‘artistry in each and every profession.’
Just then a Banker called demanding strategy for the same. I laughed, ‘Borrow at a certain rate and lend at a higher rate is the strategy of any Banker. How does that make you an artist?’ He said he would send me the title of their text books all of this somehow read similarly as THE ART AND SCIENCE OF BANKING.’ Now I guess there is art in everything we do!

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