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Government may eliminate taxman's discretion, lower stamp duty to tighten the noose further around black money
A lot of evasion of taxes happens when there's too much discretion on the part of officers. At the same time, concerns over the high rates of the stamp duty should also be taken care of, he suggested. Asked whether he foresaw a drop in stamp duty, Panagariya answered that's something we ought to have on the table. We perhaps should also look at the Customs duty on gold because that also brings gold illegally.

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