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Working out a strategy with states to widen GST tax base. Looking at the exchange of data with other agencies to widen the tax base, “says Vivek Johri, Chairman, CBIC.
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The government is considering various options to discourage retail participation in the futures and options (F&O) segment. The proposed steps include moving F&O from the head of ‘business income’ to ‘speculative income’ and/or also introducing a tax-deductible-at-source (TDS) in the upcoming Budget, sources in the know said.
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