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Question

Which of the following is not a recommendation of the task force on direct taxes under the chairmanship of Dr. Vijay
L. Kelkar in the year 2002?

A Abolition of Wealth Tax

B Increase in the exemption limit of personal income to Rs. 1.20 lakh for widows

C Elimination of standard deduction

D Exemption from tax on dividends and capital gains from the listed equity

E None of the above

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