Want to push new exemption-less tax regimes further: Revenue Secretary

'This year we should have got Rs 60,000-80,000 crore as capital gains tax', said Tarun Bajaj

On the face of it, a 9.6 per cent gross tax revenue growth rate in FY23 on the back of 11 per cent nominal GDP growth may seem like a reasonable target. However, Revenue Secretary Tarun Bajaj says if one removes the lower expected proceeds from excise duties, the revenue growth target is a much more challenging 14 per cent, something which he will strive to meet. In a detailed interaction with Arup Roychoudhury and Asit Ranjan Mishra, Bajaj also says the tax on cryptocurrency has been brought to avoid disputes because that income would otherwise have been shown as