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Fin Min seeks suggestions on rationalizing taxes

Nov 14, 2019 13:42 IST

In perhaps the first instance, the finance ministry has kicked off an exercise to formulate the next budget, by seeking suggestions and economic justification on changes in direct and indirect taxes from industry and trade associations.

The Department of Revenue has put out a circular seeking suggestions for changes in income tax rates for both individuals and corporates as well as in indirect taxes such as excise and customs duty.

 

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