The Government has recently released Frequently Asked Questions (FAQs) on Banking, Insurance and Stock Brokers sector. While the 91 questions covered in this set of FAQs provide succor to quite a few issues plaguing the sectors covered, a few are in the nature of shadows lurking in the dark alleys of ambiguity and confusion. This article attempts to analyze such issues with which the taxpayers must exercise a cautious and well researched approach before drawing any apparent conclusions.
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