Published Paper Details:

Tax being the major source of revenue for the government is the compulsory contribution that is paid by the citizens of India. More equitable revenue and asset distribution are made possible by direct taxes. Indirect taxes can occasionally help with equitable division by being levied on luxuries and exempted from being applied to necessities. Taxes play a major role in development of different sectors like health, education, infrastructure etc. as well as the economic development of the nation. India experienced a greater growth rate and a lower tax to GDP ratio than other countries indicating that the economy's tax return is strong. The Taxation laws in India has been an ongoing area of research, discussion, and study among economic experts and financial experts. Due to the consistently evolving tax laws in the country that subsequent governments have introduced and implemented, the taxpaying community has also been coping with and adjusting to the ever-evolving Indian tax system. Even though the Indian Tax Regime has periodically experienced alterations, it is still far from being a perfect tax system.