Financial Daily from THE HINDU group of publications
Friday, Mar 18, 2005
Financial Daily from THE HINDU group of publications Friday, Mar 18, 2005 |
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Opinion
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Letters Cash transaction tax
The proposed cash transaction tax has drawn a lot criticism and some argue that the tax would add to the work load of banks; not only that but withdrawals for genuine reasons would also be penalised. Given all this, the Finance Minister could raise the limit to Rs 25,000 or even Rs 50,000. Frequent withdrawals of large sums from savings accounts, which are likely to be fewer than those from current accounts and other commercial accounts, can be easily monitored. T. T. Krishnan Dhanraj Mahal Mumbai Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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