Did Arun Jaitley just hint at lower income taxes rates?
Jaitley said, "Future transaction would be substantially digital and once they are substantially digital, they would come in the tax net. Therefore, the future taxation level would be much higher than what is currently being collected."
Looking at the demonetisation process which has supported in bringing more cash under the banking system, FM Arun Jaitely may think of making tax rates more reasonable. Photo: PTI