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Govt may opt for sectoral reforms over income tax cut in upcoming budget

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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