17
17.1
C h a p t ea rtr t re in ndia
Tax STrucTure
in india
Through taxes, government in reality decides how to draw the required resources
from the nation’s households and businesses for public purposes—the money raised
so is the ‘vehicle’ by which real resources are transferred from private goods to
public goods.*
In This Chapter...
Tax Investment Allowance
Methods of Taxation Tax Expenditure
A Good Tax System Collection Rate
Methods of Expenditure 14th Finance Commission
Value Added Tax FFC Recommendations
Goods and Service Tax Concepts Related to FC
Commodities Transaction Tax Legitimacy and Taxation
Securities Transaction Tax Income and Consumption Anomaly
Capital Gains Tax Looking Ahead
Minimum Alternate Tax
* See Paul A. Samuelson and William D. Nordhaus, Economics, The McGraw-Hill Company, New York, 2005, pp. 327–340. Also see Joseph
E. g it an Car E. Wa sh, Economics, W. W. orton, e o , th E i on, 2006, pp. 0 6.