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| New tax regime needs to be incentivized for it to pick up: Tarun Bajaj | | | The new tax regime
will not become
popular unless the government introduces incentives for its uptake, said revenue secretary Tarun Bajaj on Saturday, adding that it was high time for the tax laws to be changed in India. "The new tax regime will not take over unless we disincentivize the old regime and incentivize the new regime with no exemptions. And unless we do that, we will not be able to simplify the tax rates," he said, while addressing the second TIOL National Taxation Awards 2021 and TIOL Tax Congress. The event was attended by Justice M.R Shah (Supreme Court Judge) and Member of Parliament Sushil Modi, among others.
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