Tag: Taxation

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Enumerate the major tax reforms introduced in India in the recent times. Do you think that India should move towards a Direct Tax Code? Examine. (250 words)

Topic: Inclusive growth and issues arising from it. 5. Enumerate the major tax reforms introduced in India in the recent times. Do you think that India should move towards a Direct Tax Code? Examine. (250 words) Difficulty level: Moderate Reference: Insights on India Why the question: The question is part of the static syllabus of …

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Centre moves bill in House to stop retrospective tax:

GS Paper 2: Topics Covered: Government policies and interventions for development in various sectors and issues arising out of their design and implementation.   Context: The government has introduced the Taxation Laws (Amendment) Bill, 2021 in Lok Sabha.   The Bill aims to: Amend the Income Tax Act, 1961, and the Finance Act, 2012. Prevent the …

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