Which of the following is NOT TRUE about the budget
proposals of the Union Government for 2003-04?
1 Exemption of tax on dividends in the hands of the share
holders
2 Removal of capital gains tax on equities bought in 2003-04
3 Increase in rate of interest on small savings from 6% to 8%
4 Continuation of the tax exemption on housing loans
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(3) Increase in rate of interest on small savings from 6% to 8%
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