Can You Tell Me About Indian Economic Legislation?


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Aun Jafery answered
India is a country of over a billion people. Its government manages the economic affairs of its people through the use of the annual budget. It is also known as the financial bill that becomes part of the Economic Laws of India. India's Economy is governed by laws that are in the form of Acts of Parliament they include the Income Tax Act 1961, Gift Tax Act 1958, Wealth Tax Act 1956, Income Tax Rules, Insurance Act 1938, The Partnership Act 1932, The Companies Act 1951, The Coinage Act 1906, The Chartered Accountants Act 1949, The Societies Registration Act 1860 and several others.

Detailed information of Indian Economic legislation can be got from India used to follow a kind of closed economy where it protected its domestic industry this has now changed with globalization becoming a priority for the Indian Government.

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