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An Analysis of Socio-Economic Objectives of India’s Tax Policy

VISION: Journal of Indian Taxation

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Field Value
 
Title An Analysis of Socio-Economic Objectives of India’s Tax Policy
 
Creator Murthy, K V Bhanu; Professor, Department of Commerce, Delhi School of Economics, University of Delhi.
 
Subject Tax policy, Socio-economic objectives, Exemptions, Allowances.
 
Description The Indian tax system has successfully mobilised resources to finance administrative, welfare and developmental activities of public authorities. Besides being the main source of revenue for both Central and State Governments, it is an effective instrument to realise various socio-economic objectives of national policies. Further, tax policy is an important determinant of the investment climate in a country. This paper looks at the socio-economic objectives that the tax policy intends to achieve along with the steps taken to restructure the tax system in accordance with these objectives. Tax laws in India are replete with various exemptions, concessions, deductions, allowances, tax credits etc. to promote a host of desirable economic and social activities. These tax incentives encourage individuals and business entities to undertake activities desired by the government.
 
Publisher Journal Press India
 
Date 2015-05-14
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.myresearchjournals.com/index.php/VISION/article/view/5726
10.17492/vision.v2i2.10178
 
Source VISION : Journal of Indian Taxation; Vol 2, No 2 (2015)
2347-4475
 
Language eng
 
Relation http://www.myresearchjournals.com/index.php/VISION/article/view/5726/5251