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Rajya Sabha
The Finance Minister in his Budget Speech, 2005-06 has announced the decision of the Government to adopt an Exempt Exempt Tax (EET) method of taxation of savings in accordance with the best international practice. In order to resolve a number of administrative issues, a Committee of Experts has been set up to work out the roadmap for moving towards an EET method of taxation of saving instruments. The Committee is likely to submit its report by 31.10.2005.
This information was given by Shri S.S. Palanimanickam, Minister of State for Finance in reply to a question raised by Shrimati Maya Singh in Rajya Sabha today.
BSC/BY/GN-305/05
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