Worried over the impact of global financial turmoil on the economy, India Inc today asked the Finance Ministry to retain tax rates at existing levels, but increase exemption limits to promote growth.
In their customary pre-Budget meeting with Finance Minister Pranab Mukherjee, industry leaders also demanded that healthcare services should be kept outside the ambit of service tax and minimum alternate tax (MAT) be rationalised.
From: http://ping.fm/wP5Qt
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