International Research Journal of Commerce , Arts and Science

 ( Online- ISSN 2319 - 9202 )     New DOI : 10.32804/CASIRJ

Impact Factor* - 6.2311


**Need Help in Content editing, Data Analysis.

Research Gateway

Adv For Editing Content

   No of Download : 157    Submit Your Rating     Cite This   Download        Certificate

STUDY ON BANK TRANSACTION TAX

    3 Author(s):  VRINDA, SHRUTHI BALAJI, SANJANA MALLIK

Vol -  9, Issue- 1 ,         Page(s) : 282 - 289  (2018 ) DOI : https://doi.org/10.32804/CASIRJ

Abstract

India being a growing economy, it has become necessary to introduce and implement certain reforms. As it has been observed that India has been in continuous fiscal deficit due to lower revenue, it can be concluded that tax reforms are the need of the hour. In the complex tax machinery in India, people tend to escape from paying their taxes. Hence the major issue in tax reforms are simplifying complexity in present tax system, reducing multiple layers of tax levy and tax collection cost suggesting ways to get rid of tax evasion. With the necessity for the above, a proposal for single tax system called Bank Transaction Tax

2. Administrator, A. (2016, Feburary 6). ArthaKranti Blog. Retrieved from ArthaKranti: Quesries and Responses: 2% tax on bank transactions, will it lead to cash and more black-money?
3. ArthaKranti. (n.d.). ArthaKranti. Retrieved from Arthakranti: Proposal: http://arthakranti.org/proposal/proposal-benefits
4. ArthaKranti. (n.d.). ArthaKranti. Retrieved from ArthaKranti: Possible erosion of tax base: http://arthakranti.org/proposal/objections-and-positions/74-possible-erosion-of-tax-base
5. Awasthi, R. (2016, November 11). The Wire. Retrieved from Modi had demonetisation, Bank Transaction Tax vetted as far back as 2013: https://thewire.in/83508/modi-demonetisation-bank-transaction-tax/
6. Express, T. I. (2015, January 15). The Indian Express. Retrieved from The Indian Express : Business: http:/indianexpress.com/article/business/business-others/if-every-bank-transaction-were-to-demand-a-tax/
7. Garg, C. A. (2014, January 14). CAclubindia. Retrieved from CAclubindia: Taxpayers: https://www.caclubindia.com/articles/replacing-all-taxes-with-banking-transaction-tax--19430.asp
8. India, G. o. (2017). data.gov.in. Retrieved from National Informatics Centre: https://data.gov.in/catalog/household-consumer-expenditure-national-sample-survey
9. Kumar, R. (2014, January 29). livemint. Retrieved from livemint: Money: http://www.livemint.com/Money/VvLsFONslRztprhuKGRhSP/Dejargoned-Banking-transaction-tax.html
10. Patnia, A. (2014, January 27). Taxmantra. Retrieved from Banking Transaction Tax better or worse?: https://taxmantra.com/banking-transaction-tax-better-or-worse/
11. Sabhlok, S. (2012, November 7). Sanjeev Sabhlok's Revolutioary Blog. Retrieved from Analysis of ArthaKranti: https://www.sabhlokcity.com/2012/11/analysis-of-arthakranti/
12. Sabhlok, S. (2014, January 11). Sanjeev Sabhlok's Revolutionary Blog. Retrieved from A comprehensive demolition of the dangerous ArthaKranti/ BJP bank transaction tax proposal: https://www.sabhlokcity.com/2014/01/a-comprehensive-demolition-of-the-dangerous-arthakrantibjp-bank-transaction-tax-proposal/ 
13. Sharma, P. (n.d.). India Opines. Retrieved from India Opines: Publisher Opinion: http://indiaopines.com/banking-transaction-tax-deserves-close/
14. Sheikh, M. U. (2017, January 31). India. Retrieved from India: Business: http://www.india.com/business/banking-transaction-tax-and-fringe-benefits-tax-to-be-announced-in-union-budget-2017-1800081/
15. Sheikh, M. U. (2017, January 31). India. Retrieved from India: Business: http://www.india.com/business/banking-transaction-tax-what-is-btt-its-advantages-and-disadvantages-for-indian-economy-1648494/
16. Shukla, R. (2010). How India Earns, Spends and Saves. Unmasking The Real India, 1-201.
17. Side, T. O. (2016). ArthaKranti 
18. Proposal Arun Bokil. Journal Of Socialist Thought and Action.
19. Sudhir, T. S. (2017, January 13). First Post. Retrieved from Budget 2017: After demonetization, A carrot by way of Banking Transaction tax on 1st Feb?: 17. http://www.firstpost.com/business/budget-2017-after-demonetisation-a-carrot-by-way-of-banking-transaction-tax-on-1-feb-3107552.html 
20. Sushma, & Srivastava, D. N. (n.d.). Bank Transaction Tax: An Approach to Tax Reform in India -a Clinical Review . Management of Business Administration , 117-123.
21. team, T. r. (2017). Evaluation of Arthakranti proposal. New Delhi: National institute ofPublic Finance and Poilicy.
22. Tolgarkar, V. (2016, November 18). The Wire. Retrieved from The Wire: Economy: https://thewire.in/80987/withdraw-taxes-says-organisation-claims-come-demonetisation-idea/
23. Wikipedia. (2017, July 26). Wikipedia. Retrieved from Wikipedia: Bank Transaction Tax: https://en.wikipedia.org/wiki/Bank_transaction_tax

*Contents are provided by Authors of articles. Please contact us if you having any query.






Bank Details