ANALYTICAL STUDY ON GROWTH AND PERFORMANCE OF INCOME TAX REVENUE IN INDIA
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Author(s):
KAWALPREET SINGH, DR.HARSHA VARDHAN JHAMB
Vol - 9, Issue- 12 ,
Page(s) : 29 - 37
(2018 )
DOI : https://doi.org/10.32804/CASIRJ
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Abstract
A vast majority of tax experts opined that tax evasion and corruption are prevalent in the Indian Income Tax System because of multiple taxes, high tax rates, social acceptance of tax evasion, low probability of detection and low tax profound quality, excessive discretionary powers available to income tax authorities. They opined that staff is available in the workplaces and manpower is overburdened in Income Tax Department. In any case, they likewise opined that Income tax administration isn't taxpayer neighborly. Concerning rates they opined that tax rates are sensible for people and HUFs, yet these are higher for AOPs and BOIs, firms and organizations. They likewise called attention to that complicated tax law, high tax rates, corruption, high compliance cost and lengthy return shapes are the real problems looked by the customers. The investigation closes with specific suggestions for improving Income Tax System.
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