.....It is tough to understand how delayed payment of amounts that have already become payable will reduce expenditure. Anything is possible because we are hearing about thousands of crores of "unclaimed" deposits with the Employees' Provident Fund Organisation, Life Insurance Corporation, banks. With all the development in technology, can we not think of a more transparent accounting system for public funds?...........
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A fine on late refunds
..........The government cannot bully law-abiding taxpayers from their rights because of economic mismanagement. In fact, there should be a stipulated time for I-T refunds or,.....
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