ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Yashwant SinhaSubscribe to Yashwant Sinha

Tax Policy as Revealed in the Budget for 2002-03

Yashwant Sinha, having started with a protectionist and nonreform budget, has moved towards substantive reforms. While in his last two budgets he has been pushing through some major reforms of the tax structure, side by side he has been introducing several destabilising ad hoc changes including increases in the number of concessions. The tax proposals presented in the Budget for 2002-03 indicate the same combination of acceptance of the principles of tax theory in parts and continuance of adherence to the older practices in other aspects.

A Well-Intentioned Budget

The Budget for 2001-2002 is certainly not wanting in terms of good intentions and a thrust in the right directions. The main question is whether these intentions are likely to be translated into reality.

Back to Top