The argument that the new I-T Form 2F amounts to harassment of tax-payers and that it amounts economic policing is highly exaggerated and motivated.

The cash flow statement, which is going to be a mandatory part of our I-T return from next year, should make us more disciplined in our financial affairs.

The salaried middle-class does not get many opportunities to avoid tax; whenever it gets a few it seizes the opportunity.

Let us not oppose something to protect this class.

Narendra M. Apte

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(This article was published in the Business Line print edition dated June 8, 2006)
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