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Answer Posted / prasant m
all the taxable income or revenue eligible for tax.that is
nothing but a declaration before law that we have earned
this much with in this period and our business so and so
etc...., law for our safety not like it is forcefully
imposed on us. ultimately we are eligible to receive many
facilities by the govt,. or law if we are paying tax timely
and obeying rules under the Indian act.
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