Revenue situation rules out further tax sops for the individual taxpayer

Even tax cuts in 2020-21 could be a difficult proposition as officials dismiss reports of relief for salaried class and scrapping of DDT and LTCG

Ever since Finance Minister Nirmala Sitharaman announced corporate tax cuts in September in a bid to boost the economy, expectations have increased that there could be further sops on the taxation side either over the coming few months, or in the upcoming 2020-21 Union Budget.

There has been some talk of income tax relief for the salaried classes, as well as the scrapping of dividend distribution tax and long-term capital gains tax. Officials have been quick to dismiss these reports and have said that any decision on further tax sops will be taken in pre-budget discussions.

A senior official told