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Abstract
India, with its large consumer market and economic policies – promoting the development of trading sectors looks forward in rapid infrastructure growth, improving business climate, along with a rich vein of product availability for global sourcing businesses – makes it an increasingly viable choice for trading sectors to come in existences. Increasing limits of tax effects of appeals by revenue is a good decision to achieve economic growth of the country, but it effects the leading sectors in their operations .Since lot of changes being made to tax the operations and possibilities of income may be expected low. In this paper we have discussed the tax to be contributed and the actual tax contributed after deduction and exemptions available and also, whether tax payment will increase in 2020 or not plus the economic contribution of the leading companies in textile trading industry in India’s growth. We have opted for the trendy and famous textile trading stores - Westside and Pantaloons who are a tough competition to themselves and others in thissector. All data is collected from the respective Companies Annual Reports for 3 years. The tax payment for 2020 that is arrived is an estimated figure and the trend in tax payment is performed to arrive for the same.