Updated on 29 July 2000

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Taxation and Capital Market Development

Commentary

Vol. 35, Issue No. 31, 29 Jul, 2000

Updated on 29 July 2000

M K Datar

It is not necessary to sacrifice equity in taxation for capital market development. Nor is it necessary to prop up mutual funds by providing disincentives for direct investment in shares, debentures and securities.

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