The Need for Change in the Tax System of India
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| Format: | Recurso digital |
| Sprache: | Englisch |
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2025
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| author | Dr. Pravin Shamrao Jadhav Dr. Ranjana Prashant Shinde |
| author_facet | Dr. Pravin Shamrao Jadhav Dr. Ranjana Prashant Shinde |
| contents | <div> <p><em><span>The tax system of India plays a pivotal role in supporting the economy, ensuring equitable distribution of wealth, and financing government expenditures. However, over the years, it has evolved to become increasingly complex, inefficient, and inequitable, necessitating reform. This paper examines the key challenges facing the Indian tax system, including high tax evasion, complex compliance procedures, a regressive tax structure, and a heavy reliance on indirect taxes. It analyzes the impact of these issues on the economy and highlights the pressing need for a tax overhaul that promotes transparency, equity, and efficiency. Key reforms discussed include the need for broadening the tax base, enhancing digitalization to reduce compliance burdens, moving towards a progressive tax system, and improving tax administration. The paper also explores successful international models and suggests ways these can be adapted to the Indian context. The findings suggest that while there are substantial barriers to reform, implementing systemic changes could significantly improve tax collection, reduce tax evasion, and increase fairness within the Indian tax system. Such reforms would ultimately contribute to sustainable economic growth and social development, aligning with the nation’s goals for fiscal prudence and equitable growth.</span></em></p> </div> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_15067228 |
| institution | Zenodo |
| language | eng |
| publishDate | 2025 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | The Need for Change in the Tax System of India Dr. Pravin Shamrao Jadhav Dr. Ranjana Prashant Shinde <div> <p><em><span>The tax system of India plays a pivotal role in supporting the economy, ensuring equitable distribution of wealth, and financing government expenditures. However, over the years, it has evolved to become increasingly complex, inefficient, and inequitable, necessitating reform. This paper examines the key challenges facing the Indian tax system, including high tax evasion, complex compliance procedures, a regressive tax structure, and a heavy reliance on indirect taxes. It analyzes the impact of these issues on the economy and highlights the pressing need for a tax overhaul that promotes transparency, equity, and efficiency. Key reforms discussed include the need for broadening the tax base, enhancing digitalization to reduce compliance burdens, moving towards a progressive tax system, and improving tax administration. The paper also explores successful international models and suggests ways these can be adapted to the Indian context. The findings suggest that while there are substantial barriers to reform, implementing systemic changes could significantly improve tax collection, reduce tax evasion, and increase fairness within the Indian tax system. Such reforms would ultimately contribute to sustainable economic growth and social development, aligning with the nation’s goals for fiscal prudence and equitable growth.</span></em></p> </div> |
| title | The Need for Change in the Tax System of India |
| url | https://doi.org/10.5281/zenodo.15067228 |