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No major changes expected in new direct taxes code

Updated : July 14, 2018 00:12:12 IST

The redrafting of income tax law is unlikely to bring in any major changes, sources said.

The government is not in favour of sweeping changes in the new draft of the direct tax law. Sources also indicate that revenue department feels that there is not enough scope for further simplification of income tax laws at this point in time.
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