Bad idea to give powers of arrest to taxman

Given the fact that just 42,800 Indians admit to having annual incomes of over R1 crore or the fact that tax dues have jumped from R1,88,000 in FY11 to R2,56,000 crore in FY12, it’s understandable that the finance minister should feel matters are getting out of control. Add to this the fact that several high-profile firms have, over the past few years, deducted provident fund from employees’ salaries and charged service tax without depositing this with the taxman, and the picture looks a lot worse.

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