Corporate Taxation Growth of Textile Industry in India
Journal Title: GJRA-Global Journal For Research Analysis - Year 2015, Vol 4, Issue 4
Abstract
The Indian textile industry is one of the largest in the world with a massive raw material and textiles manufacturing base. Our economy is largely dependent on the textile manufacturing and trade in addition to other major industries. About 27% of the foreign exchange earnings are on account of export of textiles and clothing alone. The textiles and clothing sector contributes about 14% to the industrial production and 3% to the gross domestic product of the country. Around 8% of the total excise revenue collection is contributed by the textile industry. So much so, the textile industry accounts for as large as 21% of the total employment generated in the economy. Around 35 million people are directly employed in the textile manufacturing activities. Indirect employment including the manpower engaged in agricultural based raw-material production like cotton and related trade and handling could be stated to be around another 60 million. Corporate taxes are paid by the companies to the Government of India and it is levied on the income of the corporate. Apart from the corporate tax, they also have to pay other kinds of taxes. Indian textile industries paid the corporate taxes to the government. In this revenue collected the government and use the various innovative activities to the nation. This paper has been depicts that corporate taxation growth of Textile Industry in India.
Authors and Affiliations
Mr. D. MURUGAN, DR. C. VETHIRAJAN
Keywords
Related Articles
- EP ID EP583344
- DOI -
- Views 84
- Downloads 0
LABOR ADMISSION TEST AND NEONATAL OUTCOME
Purpose: Purpose of the study is to study the Mode of Delivery and Perinatal outcome in relation to the admission test in the study group . Method: All women in latent phase of labor were subjected to admission test with...
Ondansetron versus Tramadol in Prevention of Post-anaesthesia Shivering following Caesarean Section Under Spinal Anaesthesia
Background:Postanaesthesia shivering is a frequent and undesirable complication of spinal anaesthesia. Because of the increased physiological stress it places on the patient, different drugs have been used for its manage...
A Study About the Treatment Seeking Behaviour of Infertile Couples
India the world’s second most populous country, which has struggled to control its population so as to meet growth and development targets, now has to battle infertility, as the down-payment for economic uplift.The objec...
INTERACTION BETWEEN HYPOTHYROIDISM AND CHRONIC KIDNEY DISEASE – A REVIEW
Thyroid hormones affect renal development and physiology. Thyroid hormones have pre-renal and intrinsic renal effects by which they increase renal blood flow and glomerular filtration rate. Hypothyroidism is associated w...
STUDY OF CYTODIAGNOSIS OF CUTANEOUS AND SUBCUTANEOUS LESIONS
Background: Early and accurate pathological diagnosis of skin cancers is vital. FNAC supposedly gives satisfactory results in diagnosis of nodular skin & subcutaneous lesions. Objective: To analyse the incidence of cutan...