Leading In Advocacy In Economic Growth

Labour intensive mode of production industries with high labor/capital ratio are entitled to tax concessions. These are industries with plants, equipment and machinery, which are essentially operate with minimal automation. Where there is automation. such automation should not be more than one process in the course of production. The rate is granted in such a way than an industry employing 1,000 persons or more will enjoy 15% tax concession, while an industry employing 200 persons will enjoy 7% and those 100 persons will enjoy 6% and so on

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