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FM proposes tax changes in Interim Budget

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Finance Minister, Mr. P. Chidambaram has announced that the govt could look at tax changes such as in excise and service tax in the interim budget. Interim budget is to be held on Feb 17 for the financial year 2014-15.

He said that he cannot propose amendments to income tax act, excise act or customs act. Hence, only those proposals would be made which would not need amendment of laws. The changes could bring some relief to the common man in the form of lesser indirect taxes.

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