Domestic tax collections will exceed the budget estimate by nearly Rs 4 lakh crore in the current fiscal owing to higher income tax, customs duty, and GST collections, the government said on Wednesday.Revenue Secretary Tarun Bajaj was quoted as .
“We do not wish to subject taxpayers to differential periods (for levying tax on capital gains) for various asset classes. The tax slabs and rates also differ, which makes the whole structure cumbersome”, a finance ministry official said, adding that the changes may take place within two years.
Finance Minister Nirmala Sitharaman on Wednesday lauded the efforts of the Central Board of Indirect Tax and Customs (CBIC) and underlined the need for training personnel for better utilisation of Artificial Intelligence and data .
Finance Minister calls for training of tax personnel for better tech usage webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.