
Govt may opt for sectoral reforms over income tax cut in upcoming budget
Thursday, December 26, 2019, 10:42 PM
The government is unlikely to offer any "extraordinary" fiscal sops including a cut in personal income tax to boost demand in Union Budget 2020-21, officials told news agency IANS. Many economists have also expressed a similar opinion on the upcoming Union budget as the government is currently in a tight spot with regards to revenue generation, according to the report.
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