ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Spectacular Recovery

 Though a small revenue raiser, even the proposal to slap a 15 per cent tax on the gross receipts of hotels charging Rs 75 or more for a single room will cause a considerable hue and cry. But taking into account all that they were getting away with in the form of special tax incentives, there can be no doubt about the reasonableness of the impost. However, if anyone hopes that as a result business expenditure on entertainment etc, will go down, he will soon be in for a shock.

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