Financial Daily from THE HINDU group of publications
Thursday, Jul 22, 2004
Financial Daily from THE HINDU group of publications Thursday, Jul 22, 2004 |
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Taxation Industry & Economy - Economic Offences Chidambaram hints at harsh measures against tax evaders Our Bureau
New Delhi , July 21 IN his own subtle way, the Finance Minister, Mr P. Chidambaram, on Wednesday made it very clear that the Government will have no alternative but be harsh with those taxpayers who do not voluntarily own up what is due to the Central Exchequer. Referring to tax collections during the course of his reply to the Budget debate in the Lok Sabha, Mr Chidambaram likened the process of revenue mop-up to that of a bee collecting honey. "We would like to collect taxes like a bee collects honey from a flower. But if the flower does not yield honey, there will be the sting of the bee," he said.
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