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Replace Income Tax Act with Direct Taxes Code: Chidambaram in Rajya Sabha
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“The Finance Bill has 125 Clauses, of which 84 pertain to amendments to the Income Tax Act, and the Finance Minister has moved 39 Amendments to the 125 Clauses in the Amendment Bill,'' said Chidambaram, adding that even after careful perusal, he did not understand the amendments.
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