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Thomas Piketty argues for a wealth tax in India. Govt economists warn of ‘unintended consequences’which he believes would affect only 0.04 percent of adults in India. At the baseline, a wealth tax rate of 2 percent on net wealth greater than Rs 10 crore and an inheritance tax rate of 33 ...
Now, the 30% tax, the highest rate, will be applicable on annual income above 2.4 million rupees. The line charts show India’s fiscal deficit, gross borrowing, capital expenditure and revenue ...
NEW DELHI, Feb 1 (Reuters) - India slashed personal tax rates in its annual budget on ... such as electronics and renewables. The line charts show India’s fiscal deficit, gross borrowing ...
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