Art Tax in 2007

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As a niche beat in television news, I was the only correspondent in India reporting for arts news on CNN - India. But this wasn't your weekend round up of what's trending. It was hard core business news which catered to the interests of a growing investment in paintings and art works. In the year 2007, the Indian Govt decided to hike the Sales Tax on the sale and auction of paintings, since Indian Art had established itself as a profitable market with a proven track record.

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