Sunday, March 18, 2012

RBI to be spared from wealth tax


Imagine the Reserve Bank of India (RBI) being asked to pay wealth tax. Sounds bizarre? The government has just realised that the central bank need not pay wealth tax and to stem any embarrassment it is planning to amend the Wealth Tax Act to ensure that the tax is not levied on the RBI which is the banker to the government and custodian of the country's gold reserves….....


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