-PTI
* Subhash Chandra Garg from the tax revenues perspective, 2019-20 is proving to be a dysfunctional year
* Former finance secretary says corporate tax, excise duties and customs are likely to see negative growth in collections in 2019-20
NEW DELHI: The government’s tax collection is likely to fall short of its estimate by Rs2.5 lakh crore or 1.2% of GDP in 2019-20, former finance secretary Subhash Chandra Garg said on Sunday while calling for scrapping of dividend distribution tax.
Garg in a blog said that from the tax revenues perspective, 2019-20 is proving to be a dysfunctional year. "Tax revenues to see shortfall of Rs2.5 trillion (1.2% of GDP). Time to junk DDT and reform personal income tax," he said.
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