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Manan prakashan notes Mumbai University Solved Questions papers All Sem ... PDF. Download PDF. To buy Contact Us. 1 INTRODUCTION The taxes are the basic source of revenue for the Government. We have come up with a Section where you would get BMS Notes for all Semesters. Semester I. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording and/or otherwise without the prior written permission of the publisher. It provides for levy, administration, collection and recovery of Income Tax. Tax is the financial charge imposed by the Government on income, commodity or activity. A short summary of this paper. (c) Control of Overheads: By keeping a strict check over various overheads such as factory, administrative and selling & distribution, this can be controlled. Business Communication – I. FYBCOM. 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