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Almost all tax systems incorporate provisions which exclude certain items and deduct others from the tax base. These provisions may take the form of exemptions, deductions, allowances, and tax credits. Tax incentives (or tax preferences) reduce the amount of tax which would otherwise be payable by a taxable entity. Broadly speaking, items which erode the normally accepted base of a tax may be treated as tax incentives. In India, the basic purpose of tax ...
Winning firms are organizations that most successfully master the business issues critical to their performance, and develop the most precise understanding of definitions of value and creation of value. Companies and industries prosper through improvements in competitiveness by leveraging core competencies and competitive intelligence. The social and business atmosphere existing in an economy makes it a binding issues for business enterprises to adopt and adapt ...