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A period of t...

Question

A period of time during which the government reduces or suspends the collection of tax is known as a .

A

tax holiday

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B

tax play

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C

tax income

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D

tax security

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Solution

The correct option is A tax holiday
A period of time during which the government reduces or suspends the collection of tax is known as a tax holiday. Tax holidays have been granted for new industrial undertakings located in all of the North Eastern States, Jammu & Kashmir, Himachal Pradesh, Sikkim, Goa etc.

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