BACKGROUND & LEGISLATIVE HISTORY OF DIRECT TAXATION SYSTEM IN INDIA

Eunice Tryphena.J

Key Words: Income tax-revenue to government-legislative history-Income Tax Act,1961 features-budget 2024 highlights-present scenario.

Although it's common knowledge that wealth and income taxes are relatively new, there is ample evidence to suggest that income taxes of one kind or another were imposed even in prehistoric and ancient societies.The recent decades have seen dramatic changes in the way direct taxes are administered, which is indicative of India's long history of socioeconomic thought. In the modern era, the role of government is crucial to the growth of society. In addition to carrying out its customary duties of defense, law enforcement, and welfare, it also has to carry out welfare and development initiatives such rural development, health, and education. Huge public funding is needed for each of these functions. Taxes or duties or customs are the principal source of governmental revenue. The historical evolution of tax levies through current tax administration is the subject of my project. Whether this improvement in revenue management contributes to the expansion of the national economy?

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"BACKGROUND & LEGISLATIVE HISTORY OF DIRECT TAXATION SYSTEM IN INDIA", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.9, Issue 10, page no.c632-c638, October-2024, Available :https://ijnrd.org/papers/IJNRD2410275.pdf

Volume 9 Issue 10, October-2024

Pages : c632-c638

Paper Reg. ID: IJNRD_301567

Published Paper Id: IJNRD2410275

Downloads: 00021

Research Area: Others area

Country: Chennai, Tamil Nadu, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2410275

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2410275

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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