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WebDec 22, 2024 · Economic liberalisation, including reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth rate, estimated at 5% in tax year 2024/21 (tax year begins on 1 April and ends on 31 March of the following year; note that, in India, 'tax year' is referred to as 'financial year' and the … WebApr 10, 2024 · Here are some important aspects of tax laws and regulations that small business owners and freelancers in India need to know. image credit freepik. 1. … WebNov 25, 2003 · Corporate income is taxed both at corporate level and to shareholders upon distribution as dividends. The accounting year for tax purposes is April 1 to March 31. Double taxation relief is offered to residents through credits under the Income Tax Act and under the tax treaties. Rate of Taxation lee county florida property tax assessor