No Proposal To Replace Income Tax With Banking Transaction Tax: Government

New Delhi: There is no proposal "at present" to replace Income Tax with Banking Transaction Tax or BTT, the government said today. To a query if the government has any proposal to replace the Income Tax with BTT, Minister of State for Finance Santosh Kumar Gangwar said: "There is no such proposal under consideration of the government at present." There is no tax by the name of BTT in the statute, he said in a written reply in the L...