Can someone explain the logic of this statement assumption problem:
Statement: The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.
- People may still continue to keep money in small savings schemes and also pay taxes.
- The total tax collection may increase substantially.
Let me paraphrase my explanation: UG has made decision to withdraw the tax relief but do
we need to consider the people response too? People may or may not choose to continue
If someone help me in this it would be helpful