“THERE WILL BE GOOD RESPONSE TO DIRECT TAX AMNESTY SCHEME”
Did you have any particular constituencies in mind while preparing the Budget?
I don’t think I had any specific constituency in mind. I didn’t go through a sectoral approach where I have to do something for a sector or industry. We were looking at the economy at large and the macro-economic fundamentals being what they are, how are we going to move forward.
What were the assumptions behind the ₹40,000 crore income tax revenue forgone?
That’s based on an approximate calculation. You have a taxation regime with over 120 exemptions. I’m an honest taxpayer and want to pay tax. From the income I get after availing all exemptions available to me which is my right, I
