സർക്കാർ അനുമാനനികുതി മാനദണ്ഡങ്ങൾ കർശനമാക്കാം, ചില കിഴിവുകൾ ഒഴിവാക്കുക – ബിസിനസ് സ്റ്റാൻഡേർഡ്

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സർക്കാർ അനുമാനനികുതി മാനദണ്ഡങ്ങൾ കർശനമാക്കാം, ചില കിഴിവുകൾ ഒഴിവാക്കുക – ബിസിനസ് സ്റ്റാൻഡേർഡ്

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The slab rationalisation exercise will cost the exchequer Rs 70,000-80,000 crore

Dilasha Seth  |  New Delhi 

The government, given the grim revenue position and clamour for tax cuts for the salaried classes, is considering a tighter presumptive taxation scheme. This is among the measures being examined to make rationalising income-tax slabs a revenue-neutral exercise in the upcoming Budget.

The direct tax panel to overhaul income-tax legislation has recommended this. It has projected a revenue gain of close to Rs 10,000 crore if such a measure is implemented. The presumptive taxation scheme allows businesses having a turnover of less than Rs 2 crore in a financial year to estimate their …

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First Published: Thu, November 07 2019. 22:41 IST