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No proposal to replace Income Tax with Banking Transaction Tax

No proposal to replace Income Tax with Banking Transaction Tax

Friday, March 17, 2017, 6:00 PM

There is no proposal “at present” to replace Income Tax with Banking Transaction Tax or BTT, the government said today. To a query, if the government has any proposal to replace the Income Tax with BTT, Minister of State for Finance Santosh Kumar Gangwar said: There is no such proposal under consideration of the government at present.
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