DOI Prefix : 10.9780 | Journal DOI : 10.9780/22307850
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Volume : II, Issue : VII, August - 2012

Tax Reforms in India

R.V. Deshpande

DOI : 10.9780/22307850, Published By : Laxmi Book Publication

Abstract :

The tax system has great positive implications for India's economy and the tax reforms would help reduce revenue deficit and lower fiscal deficit. However, the implementation of the tax and fiscal reforms should reduce both the tax evasion and cost compliance that should eliminate most of the distorted behaviour coming from the tax avoidance in India for achieving the targets of implications of the tax reforms in India. The Indian tax reform experience can provide useful lessons for many countries due to the largeness of the country with multilevel fiscal framework, uniqueness of the reform experience and difficulties in calibrating reforms due to institutional constraints.

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Cite This Article :

R.V. Deshpande, (2012). Tax Reforms in India. Indian Streams Research Journal, Vol. II, Issue. VII, DOI : 10.9780/22307850, http://oldisrj.lbp.world/UploadedData/1182.pdf

References :

  1. http://www.incometaxindia.gov.in/
  2. http://www.indiabudget.gov.in.
  3. M. Govinda Rao (2005) - Tax system reform in India: Achievements
  4. Rekha Mehta – Administration of Income Tax in India –Mangal Deep Publications, Jaipur.
  5. Singhania Vinod – Taxmann's Income Tax – Taxmann Publications Pvt. Ltd., New Delhi.

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