Direct Tax in India – Need, Challenges, Government Measures
Direct tax contributes to a significant portion of the government’s revenue. However, with the growing economic crisis due to the coronavirus outbre…
Taxation
Money Laundering & its Prevention
The recent cases of money laundering unearthed paint a sorry picture of India’s vulnerability in the financial sector. But more than that, Money lau…
Black Money in India – Sources, Effects & Measures Taken
India has, for many years, faced the problem of black money. Despite the measures taken by the government to address this issue, results are few and f…
Corporate Tax Cut: What it means for the Indian Economy?
In September 2019, the Finance Minister Nirmala Sitharaman had made a deep cut in the corporate tax rate from 30% to 22%. India’s combined effective…
Goods and Services Tax (GST): All You Need to Know
The recent report of the Union comptroller and auditor general (CAG) on the goods and services tax (GST) does praise its rollout as a landmark achieve…
State Funding of Elections in India – Need, Advantages & Disadvantages
Indian elections cost huge sums of money. This money hardly comes from contributions by sympathizers of the political party but from big corporate hou…
Income Inequality in India – Causes, Impacts & Solutions
According to the Asia-Pacific wealth report, Japan’s richest persons have the largest wealth accumulation in the Asia-Pacific region, however, Chine…
Flat Income Tax Rate in India – Need, Pros, Cons and Measures
In November 2017, the central government had formed a task force to create a new Direct Tax law which seeks to replace the present Income Tax Act, 196…
