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The government of India imposes an Income
tax on taxable Income of all persons
including individuals, Hindu Undivided
Families (HUFs), companies, firms,
association of persons, body of individuals,
local authority and any other artificial
judicial person.
Many jurisdictions tax the Income of
individuals and business entities, including
corporations. Generally the tax is imposed
on net profits from business, net gains, and
other Income. |
