Business Daily from THE HINDU group of publications
Friday, Sep 08, 2006
Business Daily from THE HINDU group of publications Friday, Sep 08, 2006 |
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Opinion
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Letters Uncertainty on EET
It is almost a year now since the Union Finance Ministry appointed a Committee to look into the taxability of withdrawals from Provident Fund, Public Provident Fund and other investments (made to take advantage of a deduction under the new Section 80-C of the Income-Tax Act) as per the Exempt-Exempt-Taxed (EET) rule. The Committee is yet to submit its recommendations. It is hoped they are submitted in time as it would enable the tax-paying public to debate the matter and know what is in store for them. The Finance Minister is expected to announce his decision, most probably in the next year's Budget. The tax planning of thousands of tax-payers is facing an uncertain future because of the EET hanging fire. It is time the Committee breaks its silence. Narendra M. Apte
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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