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Acid Test Ratio

1. Comment on...

Question

1. Comment on the important changes introduced in respect of the Long-term Capital Gains Tax (LCGT) and Dividend Distribution Tax (DDT) in the Union Budget for 2018-2019.

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Solution

Approach
Such questions need detailed study of budget details Introduction
Explain the concepts of LTCG and Dividend distribution tax Body
LTCG - changes - need for changes - impact for changes DDT - changes - need for changes - impact for changes
Conclusion
Conclude with the overall impact on finances

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