Include income taxes, low-interest government loans, and sales taxes in the net tax flows between businesses and the government.
Tax expenditures include, for instance, individual itemized deductions for charitable contributions, mortgage interest, and state and local taxes.
According to the Income Tax Act of 1962 (the Act), income tax is the primary source of revenue for the government.
There are numerous tax forms in the system, each of which is unique. This framework is a bunch of establishments and instruments accessible to burden experts for accomplishing specific financial, monetary, social and political objectives inside the monetary framework.
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