Friday, 23 January 2015

Where the bucks stop

Apropos of the report "buck for India, break for Bharat" (March 1) neighborhood shops do not provide the facility of payment by cheque or credit card and so the common men had to settle bills of grocery and other provisions in cash.
For paying monthly bills, people will have to withdraw big sums. Thus, we have to pay tax on income credited and again on withdrawals. Is not P.Chidambaram imposing double taxation?

(This letter published in Hindustan Times on 2nd March 2005)