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No clarity on capital gains tax in DTC Bill: Expert

Aug 27, 2010 at 12:30

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No clarity on capital gains tax in DTC Bill: Expert

Experts are not so gung-ho about the new Direct Tax Code (DTC) Bill that the Union Cabinet has approved yesterday and awaiting a parliament nod. The proposed tax reform will cut tax rates to bring in more people and companies under the net, phase out profit-linked exemptions for firms and replace them with investment-linked incentives.

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