Mr.Chidamabaram has presened eight union budgets, 2 short of Moraji Desai’s record 10 budgets.
In these eight budgets, Mr.Chidambaram has introduced taxes whose acronyms have become part of daily usage.Have enclosed the list below:
Chidambaram’s Budget # | Year | New Tax/Proposal Introduced | New Acronym introduced |
1 | 1996-1997 | Minimum Alternate Tax | MAT |
2 | 1997-98 | Voluntary Disclosure Scheme | VDS |
3 | 2004-05 | Securities Transaction Tax | STT |
4 | 2005-06 | Fringe Benefits Tax | FBT |
4 | 2005-06 | Banking Cash Transaction Tax | BCTT |
7 | 2008-09 | Commodities Transaction Tax | CTT |