All Income Tax Exemptions to Go In The Long Run, Says Nirmala Sitharaman

PUBLISHED ON: February 1, 2020 | Duration: 42 min, 16 sec

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Union minister Nirmala Sitharaman has said that the exemptions given to taxpayers now will eventually be removed. Speaking of the option given to tax payers in this union budget -- to remove exemptions and pay lower taxes -- Ms Sitharaman said while the intention this time was to "reduce rates and simplify structure", the government "will be able to gradually remove all exemptions".
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