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Following the First World War profits from businesses and individual income were subject to [[1]] taxes.

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Detailed Solution

Following the First World War profits from businesses and individual income were subject to higher taxes. India's political and economic environment changed after the First World War, which led to a significant rise in the country's government's defence spending. Higher taxes were imposed on business profits as well as on individual income. During the battle, industries in India flourished, and corporate organisations there began to demand more expansion opportunities.

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Following the First World War profits from businesses and individual income were subject to [[1]] taxes.