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In order to overcome tax evasion measures adopted by taxpayers, Indian Income Tax laws provide for deduction of tax on income of any person or on sum payable to any person at the time of credit or at the time of payment at the rates in force under provisions of Income Tax Act, the concept
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As per the Provisions of Ind-AS-20, government means State government, Central government, Local Government, or an International; government (Foreign government), etc. As per the Provisions of Ind-AS-20, a grant means financial assistance that the government provides to an entity which the government provides to entities in compliance with certain conditions attached to it. As per
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A sovereign wealth fund is a type of investment fund in which the national government owns the majority of the stock. These funds invest in financial products such as bonds, equities, gold, and real estate. Like any investment fund, sovereign wealth funds (SWFs) have their own goals & objectives, risk tolerances, terms, liability matches, and
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