Date:10/08/2009 URL: http://www.thehindubusinessline.com/bline/mentor/2009/08/10/stories/2009081050190700.htm

Back Surcharge on companies

Why surcharge has not been abolished for companies?

Srilatha Kutty, Kochi

There are two possible reasons. First, the Finance Minister himself has gone on record that the income-tax law would be rationalised and simplified in a phased manner. Second, corporate taxation is a major source of revenue and the Finance Minister obviously would like to go slow on dismantling a levy that would hurt his interests.

S. MURLIDHARAN

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