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    <title>Tax code proposals illustrative, open to discussions: FM</title>
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    <description>Draft Direct Taxes Code proposals are illustrative and open to consultation; seven critical areas-including taxation of retirement benefits-have been identified for resolution. Controversial elements such as taxation of retirement savings, removal of housing loan incentives, and changes to the Minimum Alternate Tax will be addressed before the Code is finalised and implemented through the appropriate future finance legislation.</description>
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