ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Income, Taxation, Investment and Black Money

The Quick Estimates of national income for 1990-91 highlight the fact that the growth of income—other than in the agricultural sector (which is tax-free anyway)—has been very significantly in the form of untaxed income or black money. This has vital implications for economic policy-makers and for the current efforts at the restructuring of the economy. 

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