ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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50 Years ago (4 March 2006)

the rate of growth of the economy, but no undistributed profits is withdrawn. Fourthly, FROM 50 YEARS AGO change in the social and economic institu-a graduated super-tax will be levied on the tions to which each of us is in his own way dividends in excess of 6 per cent of paid-up attached. We desire greater social justice, but capital declared by Indian Companies. Fifthly, not through intensive taxation since it results, bonus issues are to be subject to a tax of two so the argument goes, in levelling down rather annas; and finally, the penal super-tax pay- Vol VIII, No 9, March 3, 1956 than levelling up. Many such contraries could able by a Section 23-A company dealing be listed; but for the time being, we have wholly or mainly in investments is raised from before us Shri Chintaman

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