FinMin to scrap longterm capital gains tax proposal

NDTV 2010-08-28

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The direct tax code bill, aimed at simplifying the country's archaic direct tax laws, is becoming the latest ground of policy giveaways. NDTV has learnt that the central board of direct taxes, or the CBDT, has decided to give up its proposal to tax gains arising out of sale of shares held for more than one year.
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