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India to provide roadmap for ending corporate tax exemptions in 45 days
July, 01st 2015

India will provide a roadmap for ending corporate tax exemptions in next 45 days, Revenue Secretary Shaktikanta Das said on Wednesday, as part of a plan to lower the tax rate to 25 percent in four years.

Finance Minister Arun Jaitley, while presenting his annual budget in February, had announced that the government would gradually pare corporate tax by 5 percent during the next four years from 30 percent and roll back various tax exemptions.

 
 
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