"The focus of the budget should be on tax rationalization and simplification. The focus should be on promoting growth, employment and in terms of giving some sort of level playing field to domestic manufacturers so that the Make In India can happen," Revenue Secretary Hasmukh Adhia said.
His statement assumes significance as Finance Minister Arun Jaitley is getting ready to unveil 2016-17 Budget on February 29. Removal of tax exemptions, Adhia said, would able the government to reduce income tax rate and give a more fair deal to people paying taxes.

Latest News  from Business News Desk