NIFTY 50

Budget 2019: No interface between taxpayer and tax collector is a big step forward, says Ashok Wadhwa

Updated : February 01, 2019 06:14 PM IST

Ashok Wadhwa, Group CEO of Ambit Capital, said that finance minister setting a vision of having no interface between the taxpayer and the tax collector was a good step.

"The finance minister has outlined a good vision. Remember, he said that three years from now there will be no interface between the taxpayer and the tax collector. Now that is a big step forward,” he said.

“We do know that a part of India’s bad reputation on tax terrorism comes out of that physical intervention. So he has a good vision laid out. If he can implement that vision, I think it is a fantastic step forward,” he added.

Talking about market's expectation from the Budget and whether the market was satisfied or not, he said, “Market wanted to see some sort of a stimulus to support consumption and it may have been done from a populist perspective, but it certainly has delivered what market expected."
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you