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Taxing Times For The Super-Rich?

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April 4: Being super-rich could get more taxing. The Finance Ministry has put out a draft for the Direct Taxes Code Bill 2013. Some of the proposals include higher taxes on those earning above Rs.10 crore and a lower threshold for taxing international transactions. Avantika Gode shares a detailed report on the same. Also, Harsha Subramaniam speaks to Punit Shah, Partner – Tax, KPMG, to learn the larger implications of some of the proposals.