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India needs to honour tax treaties: Shome to NDTV

PUBLISHED ON: September 3, 2012 | Duration: 2 min, 35 sec

  
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After recommending deferment of the prickly General Anti Avoidance Rules (GAAR) by three years, Parthasarathi Shome, the head of an expert committee set up by Prime Minister Manmohan Singh to address concerns of foreign investors, said abolishing capital gains tax on the transfer of securities is the right step.
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