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Union Budget 2020: It's time to unclutter tax regime, says expert

The budgetary figures continue to not cover many forms of expenditures

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Laveesh Bhandari
I’m a proponent  of simple Budgets.  For me, that means few or a single tax rate with limited or no deductions that are uniformly applied across the economy and where tax rates are uniformly applicable across all types of  all products and services.  Moreover, a simple Budget can become more credible if the challenges and opportunities are quantified and shared transparently with the public.  This Budget fills only a very few of these directional check boxes, but more on that later.

However, the Budget does one good thing that deserves special mention. It does not treat the fiscal deficit of 3.5
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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