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Introduction Inclusive Development is key & essential feature to achieve the constitutional goals in India Taxation is one of the tools for the socio-economic development amongst others (Parthasarathi Shome, 2017) Taxation model will have direct impact on the overall development. Incentivizing through tax benefits helps in terms of financial capital Financial Capital with market factors create /customize/modify/innovate/invent in their respective domain IP Creation – flourishment of IP Assets in companies Thus, IP is also a Tool for the development of a nation

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