ISSN 2394-5125
 

Research Article 


A STUDY ON CHALLENGES OF REFORMING INDIAN TAX SYSTEM

Mrs. K.V.S.Praveena, Mrs.N. Kanaka Mahalaxmi, Mr. Santosh Kumar.

Abstract
The objective of this paper is to look at the improvement of the cost system in India since the mid 1990s. There have been noteworthy changes in control systems in a couple of countries all through the latest two decades for a variety of reasons. The paper depicts and assesses the introduction of new sorts of quick and circumlocutory charges, their pay and worth recommendations and the triumphs achieved in their use. The paper derives that following eight years of progress improving the appraisal structure remains a critical test in India. There have been noteworthy changes in
control systems of countries with a wide arrangement of financial structures and levels of headway during the latest two decades. The motivation for these progressions has moved beginning with one country then onto the following and the push of changes has differentiated from time to time depending upon the improvement methodology and hypothesis of the events. In many countries, the brisk reason behind cost changes has been the need to redesign livelihoods to meet moving toward money related crises. As Bird (1993) states, "fiscal crisis has been exhibited to be the mother of obligation change". Such changes, in any case, are every now and again uniquely designated and are done to meet brisk exigencies of salary. A significant part of the time, such changes are not in the possibility of essential moves up to improve the since a long time back run benefit of the appraisal structure. One of the most huge purposes behind late, cost changes in many making and transitional economies has been to propel an evaluation structure to meet the requirements of overall competition (Rao 1992). The advancement from an overwhelmingly halfway orchestrated
improvement framework to exhibit based resource assignment has changed the perspective of the activity of the state being created. The dvancement from an open portion based, significant industry administered, import subbing industrialization technique to one of distributing resources as emonstrated by exhibit signals has required essential changes in the obligation system. In a toll drove open economy, the evaluation system should not simply raise the fundamental salaries to give the social and physical establishment yet moreover limit twisting. In this manner, the
appraisal system needs to change as per the essentials of a market economy to ensure worldwide earnestness.

Key words: JEL classification: E 62: Taxation; H2: Taxation, Subsidies and Revenue


 
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How to Cite this Article
Pubmed Style

Mrs. K.V.S.Praveena, Mrs.N. Kanaka Mahalaxmi, Mr. Santosh Kumar. A STUDY ON CHALLENGES OF REFORMING INDIAN TAX SYSTEM . JCR. 2020; 7(3): 1137-1146. doi:10.31838/jcr.07.03.188


Web Style

Mrs. K.V.S.Praveena, Mrs.N. Kanaka Mahalaxmi, Mr. Santosh Kumar. A STUDY ON CHALLENGES OF REFORMING INDIAN TAX SYSTEM . http://www.jcreview.com/?mno=102439 [Access: May 31, 2021]. doi:10.31838/jcr.07.03.188


AMA (American Medical Association) Style

Mrs. K.V.S.Praveena, Mrs.N. Kanaka Mahalaxmi, Mr. Santosh Kumar. A STUDY ON CHALLENGES OF REFORMING INDIAN TAX SYSTEM . JCR. 2020; 7(3): 1137-1146. doi:10.31838/jcr.07.03.188



Vancouver/ICMJE Style

Mrs. K.V.S.Praveena, Mrs.N. Kanaka Mahalaxmi, Mr. Santosh Kumar. A STUDY ON CHALLENGES OF REFORMING INDIAN TAX SYSTEM . JCR. (2020), [cited May 31, 2021]; 7(3): 1137-1146. doi:10.31838/jcr.07.03.188



Harvard Style

Mrs. K.V.S.Praveena, Mrs.N. Kanaka Mahalaxmi, Mr. Santosh Kumar (2020) A STUDY ON CHALLENGES OF REFORMING INDIAN TAX SYSTEM . JCR, 7 (3), 1137-1146. doi:10.31838/jcr.07.03.188



Turabian Style

Mrs. K.V.S.Praveena, Mrs.N. Kanaka Mahalaxmi, Mr. Santosh Kumar. 2020. A STUDY ON CHALLENGES OF REFORMING INDIAN TAX SYSTEM . Journal of Critical Reviews, 7 (3), 1137-1146. doi:10.31838/jcr.07.03.188



Chicago Style

Mrs. K.V.S.Praveena, Mrs.N. Kanaka Mahalaxmi, Mr. Santosh Kumar. "A STUDY ON CHALLENGES OF REFORMING INDIAN TAX SYSTEM ." Journal of Critical Reviews 7 (2020), 1137-1146. doi:10.31838/jcr.07.03.188



MLA (The Modern Language Association) Style

Mrs. K.V.S.Praveena, Mrs.N. Kanaka Mahalaxmi, Mr. Santosh Kumar. "A STUDY ON CHALLENGES OF REFORMING INDIAN TAX SYSTEM ." Journal of Critical Reviews 7.3 (2020), 1137-1146. Print. doi:10.31838/jcr.07.03.188



APA (American Psychological Association) Style

Mrs. K.V.S.Praveena, Mrs.N. Kanaka Mahalaxmi, Mr. Santosh Kumar (2020) A STUDY ON CHALLENGES OF REFORMING INDIAN TAX SYSTEM . Journal of Critical Reviews, 7 (3), 1137-1146. doi:10.31838/jcr.07.03.188