Trends in Indian Public Finance 2016

The Economic survey concomitantly admonishes the previous UPA government for its generous tax policy. While citing that number of taxpayers is key indicator of fiscal capacity, the survey says that the country could have gained as many as 1.65 Lakh additional tax payers if the UPA government had kept the threshold at 1.5 Lakh in 2012-13. This would have resulted in additional tax collection of Rs….

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