Tax System Reforms In India

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Tax System Reforms In India

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Author : Srikant Misra
language : en
Publisher:
Release Date : 2014

Tax System Reforms In India written by Srikant Misra and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.

The reforms in Indian tax system in some respects are unique. Unlike most developing countries which were guided in their tax reforms by multilateral agencies, Indian tax reforms have borne the domestic brand largely in response to changes in the development strategy over time while keeping in tune with institutional arrangements in the country. Thus, even when the government sought assistance from multilateral financial institutions, the recommendations of these institutions did not directly translate into an agenda for tax reform. Despite this, the tax system reforms were broadly in conformity with international trends and advice proffered by the expert groups and was in tune with international best practices.The role of history and institutions in the country was also important in shaping the tax system. Indeed the assignment system in the federal polity has impacted on the tax structure and administration. This has also made encompassing, comprehensive and co-ordinate tax reforms difficult. The system of planning also introduced selectivity and discretion in tax structure and its implementation. The Indian tax reform can 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. These, by themselves, are important enough reasons for a detailed analysis of the tax system in India.

The Tax System In India

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Author : Hélène Poirson
language : en
Publisher: International Monetary Fund
Release Date : 2006

The Tax System In India written by Hélène Poirson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with India categories.

This paper assesses the effects of India's tax system on growth, through the level and productivity of private investment. Comparison of India's indicators of effective tax rates and tax revenue productivity with other countries shows that the Indian tax system is characterized by: (1) a high dependence on indirect taxes, (2) low average effective tax rates and tax productivity, and (3) high marginal effective tax rates and large tax-induced distortions on investment and financing decisions. The paper finds that the most recently proposed package of reforms would improve tax productivity and lower the marginal tax burden and tax-induced distortions. But firms that rely on internal sources of funds or face problems borrowing would continue to face high marginal tax rates

Tax Reforms Committee

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Author : India. Tax Reforms Committee
language : en
Publisher:
Release Date : 1992

Tax Reforms Committee written by India. Tax Reforms Committee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Tax administration and procedure categories.

The Tax System In India

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Author : Ms.Helene Poirson Ward
language : en
Publisher: INTERNATIONAL MONETARY FUND
Release Date : 2006-04-01

The Tax System In India written by Ms.Helene Poirson Ward and has been published by INTERNATIONAL MONETARY FUND this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-04-01 with Business & Economics categories.

This paper assesses the effects of India's tax system on growth, through the level and productivity of private investment. Comparison of India's indicators of effective tax rates and tax revenue productivity with other countries shows that the Indian tax system is characterized by: (1) a high dependence on indirect taxes, (2) low average effective tax rates and tax productivity, and (3) high marginal effective tax rates and large tax-induced distortions on investment and financing decisions. The paper finds that the most recently proposed package of reforms would improve tax productivity and lower the marginal tax burden and tax-induced distortions. But firms that rely on internal sources of funds or face problems borrowing would continue to face high marginal tax rates.

Reports On India S Tax Reforms C Chairman Vijay L Kelkar Chairman Parthasarathy Shome Chiarman Raja J Chelliah

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Author : Vijay L. Kelkar
language : en
Publisher: Academic Foundation
Release Date : 2003

Reports On India S Tax Reforms C Chairman Vijay L Kelkar Chairman Parthasarathy Shome Chiarman Raja J Chelliah written by Vijay L. Kelkar and has been published by Academic Foundation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.

The Present Publication Includes Important Reports And Statistical Data On Tax Reforms Viz: Report Of The Task Force On Direct Taxes, Report Of The Task Force On Direct Taxes, Report Of The Task Force On Indirect Taxes (Also Including The Consultation Papers); Report Of The Advisory Group On Tax Reforms 2001 And The Chelliah Committee Reports, 1992 And 1993. The Document On Indian Public Finance Statistics, June 2002, Is Also Included.

Structure And Reform Of Taxation In India

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Author : B. S. Sreekantaradhya
language : en
Publisher: Deep and Deep Publications
Release Date : 2000

Structure And Reform Of Taxation In India written by B. S. Sreekantaradhya and has been published by Deep and Deep Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Tax incidence categories.

Tax Reforms In India

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Author : Vaneeta Rani
language : en
Publisher:
Release Date : 2014

Tax Reforms In India written by Vaneeta Rani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with India categories.

When India's economy faced an unprecedented macroeconomic crisis in 1991, fiscal consolidation constituted a major objective of the policy response. For this purpose, it became necessary to: (a) enhance tax and non-tax revenue, (b) curtail current expenditure growth, (c) restructure public sector undertakings, including disinvestment, (d) improve fiscal-monetary coordination, and (e) deregulate financial system. The need for improvements in budgetary practices led to the enactment of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003, which ushered India's economy in an era of fiscal consolidation based on fiscal policy rules. Tax reforms introduced by the government since 1991 have helped to build a structure which is simple, relies on moderate tax rates, but with a wider base and better enforcement. Moreover, they have helped to correct structural imbalances in the tax system. They are soft on industry with a view to create a new investment climate and make India internationally competitive. By lowering the tax rates, the government expects speedy industrial development and, hence, buoyancy in tax revenues. This book gives a vivid account of recent reforms in the India's tax system as a part of the on-going policy of liberalization and globalization of the country's economy.

Economic Policy And Tax Reform In India

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Author : K. Puttaswamaiah
language : en
Publisher: Indus Publishing
Release Date : 1994

Economic Policy And Tax Reform In India written by K. Puttaswamaiah and has been published by Indus Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.

Contributed articles.

Perspectives On Tax Design And Tax Reform

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Author : G. Thimmaiah
language : en
Publisher: APH Publishing
Release Date : 1984

Perspectives On Tax Design And Tax Reform written by G. Thimmaiah and has been published by APH Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Taxation categories.

Tax Reforms Taxes Without Tax Laws

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Author : VIJAYA KRUSHNA VARMA
language : en
Publisher: VIJAYA KRUSHNA VARMA
Release Date : 2009-01-09

Tax Reforms Taxes Without Tax Laws written by VIJAYA KRUSHNA VARMA and has been published by VIJAYA KRUSHNA VARMA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-09 with Business & Economics categories.

Ultimate Tax Reforms - All Direct and Indirect taxes accompanied by tax laws, accounting, auditing and tax returns, can be abolished if a new tax system called “TOP Tax system” is adopted and implemented by all nations. Ultimate Tax reforms will not only check the global economic recession but also relieve 7 billion people of the world from the cobweb of ambiguous and complex tax structures, plethora of tax laws, mandatory and cumbersome accounting, auditing, tax returns and consequent quagmire of all tax related cases. Salient features of this new tax system.................... Taxation, tax collection, tax enforcement, tax compliance, allocation of revenues to various ministries or departments and money supply into the economy are unified and integrated in the banking system. In this new tax system there will be no Direct taxes, Indirect taxes, tax laws, tax returns, tax collection departments, tax enforcement agencies and tax tribunals. Citizens need not maintain separate account books and submit tax returns annually for paying either Direct taxes on personal incomes or Indirect taxes while running business or industry. Yet, the tax revenues collected by banks from single tax called TOP Tax will be 30 to 40% more when compared to total tax revenues accrued from all Direct and Indirect taxes in the present tax system. TOP Tax system” will make the budget preparation of any country to be simple, easy and time saving exercise. 100% tax collections without tax collection departments. There will be no tax collection expenditure for the Governments and no tax compliance cost for the people. There will be no check posts, way bills, accounting, auditing, tax laws, tax raids, etc., Tax component on any commodity or service will be less than 11%, unlike more than 30% in the present tax system. The prices will be substantially decreased. There will be no tax evasion and its main product black money. Read full article......