Income exempt from tax The taxation laws prevailing in a country may include some exemptions, deductions rebates for certain individuals organisations or enterprises far various reasons. in any specific tax law usually refer to an exception to the general rule (pertain law) rather than a complete removal of taxation. In this pa per, we r exemptions, deductions or re bates in tax laws as tax exemptions. In the Indian co could be a number of reasons for exemptions to be given in different kinds of taxe encouraging individual savings, providing a boost to exports, achieving balanced r development, encouraging infrastructure development, increasing employment, and pr more resources for education rural development, and cooperatives etc. owever! a periodic review of such exemptions by the government would be necessary to eliminate excess exemptions!incentives or superfluous tax breaks to investors for preventing the to revenue. "y pro#ect further deals with taxation law section which provide income which are from tax. $.$%&TI$ ' '* (+ th year) Taxation law
Income exempt from tax The taxation laws prevailing in a country
may include some exemptions, deductions or rebates for certain
individuals organisations or enterprises far various reasons. Such
measures in any specific tax law usually refer to an exception to
the general rule (pertaining to that tax law) rather than a
complete removal of taxation. In this pa per, we refer to all such
exemptions, deductions or re bates in tax laws as tax exemptions.
In the Indian context, there could be a number of reasons for
exemptions to be given in different kinds of taxes, such as,
encouraging individual savings, providing a boost to exports,
achieving balanced regional development, encouraging infrastructure
development, increasing employment, and providing more resources
for education rural development, and cooperatives etc. However/ a
periodic review of such exemptions by the government would be
necessary to eliminate excessive exemptions/incentives or
superfluous tax breaks to investors for preventing the toss of
public revenue.My project further deals with taxation law section
which provide income which are exempt from tax.
