Business Standard

The New Income Tax Surcharge Is Illogical

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T N Pandey BUSINESS STANDARD

The excitement over the tax proposals in the Budget having subsided, it is time to assess them with regard to the proposals that seem anomalous and irrational.

While mentioning tax rates and surcharge in paragraph 146 of the Budget speech, Finance Minister Jaswant Singh has observed:

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First Published: Mar 10 2003 | 12:00 AM IST

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