Skip to main content
Taxes

Tax expenditure

Tax incentives are provisions in tax laws that deviate from the standard tax system and aim to benefit a specific sector, activity, or group of taxpayers. These incentives can come in the form of deductions, exemptions, credits, or allowances. Their purpose is to encourage certain behaviors or stimulate economic growth by providing financial advantages to targeted entities. For instance, a tax incentive may offer a tax break to companies that invest in renewable energy sources. These incentives play a crucial role in shaping the economic landscape and promoting certain industries.

Related terms

Estimated assessment

Understand the meaning and definition of Estimated assessment in the context of stock market, trading, and investments.

MORE
Debt/equity ratio

Understand the meaning and definition of Debt/equity ratio in the context of stock market, trading, and investments.

MORE
Dta

Understand the meaning and definition of Dta in the context of stock market, trading, and investments.

MORE
Mortgage tax

Understand the meaning and definition of Mortgage tax in the context of stock market, trading, and investments.

MORE
Double taxation treaty

Understand the meaning and definition of Double taxation treaty in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.8 Cr+ happy customers
+91