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India Inc seeks leeway on capital gains tax proposal

India Inc seeks leeway on capital gains tax proposal

Tuesday, April 18, 2017, 8:23 PM

India Inc has sought exemptions and more clarity on the government's proposal to levy capital gains tax on shares acquired through non-payment of securities transaction tax (STT). According to sources, the Central Board of Direct Taxes (CBDT) has received over a dozen recommendations for widening of the 'negative list' proposed in the draft notification.
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