Arvind Virmani: FY22 Budget should prioritise tax reforms: Arvind Virmani, former Chief Economic Advisor
NEW DELHI: The government’s priority must be to reform India’s tax system in the upcoming Union Budget 2021-22, and specifically to update the direct tax code, according to Arvind Virmani, former Chief Economic Advisor of India. “The most important issue is tax reforms and the first element of that is the direct tax code. We cannot create a 21st century Atmanirbhar Bharat with these ancient codes and we need to bring it up to the 21st century,” Virmani said, virtually addressing a conference hosted by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) on Friday. On ...