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

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MAHARASHTRA-Dalit Unity for What

sample was 23,3 per cent in 1986-87, 26.4 per cent in 1987-88 and 23.8 per cent in 1988-89. These are all capital-intensive units which enjoy substantial tax benefits on investment (apart from export earnings being tax-free altogether). The nominal tax schedules, in other words, exist only on paper. And there is no doubt that the biggest arc the most favoured, as is evident from the fact that the comparable tax incidence for companies in the Reserve Bank's larger and mixed sample of public limited companies was 35.2 per cent in

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