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

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fixed and investment assets.
A marked feature of corporate sector finances in recent years has been the reduction in the incidence of direct taxation. Until the mid-1980s, tax provision as a percentage of profits before tax in respect of public limited companies generally/ranged between 40 and 45 per cent. However, the CMIE study of 1,175 companies brings out that the ratio came per cent in 1991-92 and around 29 per cent

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