Volume : IV, Issue : IX, September - 2014

Taxation Laws of India–An Overview and Fiscal Analysis 2013–14

Ca Hemraj Kumawat

Abstract :

In the modern era Taxes play an important role in Indian Economy. Government has to play an important role in economic development. Government has not only perform its traditional function(Defence, Infrastructure,law and order)but also to undertake welfare and development activities such as health education sanitation rural development water supply etc. It has also to pay for its own administration. All of these function require huge public finance. Taxes constitute the main sources of public finance . The Taxation Structure of the country can play a very important role in the working of our economy. Some time back the emphasis was on higher rates of Tax and more incentives. But recently, the emphasis has shifted to Decrease in rates of taxes and withdrawal of incentives. While designing the Taxation structure it has to be seen that it is in conformity with our economic and social objectives. It should not impair the incentives to personal savings and investment flow and on the other hand it should not result into decrease in revenue for the State.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

CA Hemraj Kumawat Taxation Laws of India‾An Overview and Fiscal Analysis 2013-14 Indian Journal of Applied Research, Vol.4, Issue.9 September 2014

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