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The panel, set up in November, has been given six months to submit its report, but the understanding in the government is that it could take longer, another finance ministry official said in November.Still, it is significant that the government is thinking of lower rates as current tax rates and tax slabs are already more liberal than the ones suggested in an earlier draft direct tax code prepared by a panel under the United Progressive Alliance government.In this area of the internet site, you will find girls acting their best to tempt you into a private chat, by tempting you with their barely covered bodies.

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“You have to collect taxes from someone to give relief to someone else as public expenditure cannot be compromised.” In theory, lower tax rates and liberal tax slabs could also mean more compliance, resulting in a so-called virtuous cycle, meaning more people pay taxes.

The finance ministry on 22 November set up a task force with Central Board of Direct Taxes member Arbind Modi as convener and chief economic advisor in the finance ministry Arvind Subramanaian as a special invitee to draft a new direct tax code in the light of global best practices and the economic needs of the country.

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