I. J. of Business & Management Research
Research Article
Bank Transaction Tax: An Access to Tax Ameliorate in India -An Analytic Review
Author(s) : Neha Nazneen Siddiqui *
Publisher : FOREX Publication
Published : 30 June 2016
e-ISSN :2347-4696
Page(s) : 42-47
Abstract
Indian economy is undergoing a transformational modification within a previous couple of decades that result in the need for reforms in the tax system in India. Within the era of accelerating globalisation,it is terribly crucial to own economical and efficient tax structure to extend revenue, cut back economic distortions, and making competitive economic surroundings. Within the advanced tax machinery in Bharat, the foremost problems in tax reforms square measure Simplifying quality in the present tax system, reducing multiple layers of tax levy and tax collection value, suggesting ways in which to get eliminate tax evasions. With the need for on top of tax reforms, a proposal for imposition of single tax known as Bank Transaction Tax (BTT) was projected. The present paper is an appraisal of the imposition of Bank Transaction Tax in Bharat. The paper makes an attempt to review the challenges and opportunities to the govt. For the sensible implications of BTT further as its impact on salaried people and business and business.
Keywords: Tax reforms, BTT (Bank Transaction Tax), Tax Evasion, Money Laundering
Neha Nazneen Siddiqui *, Assistant Professor, Department of Management, AIMT, Lucknow, India; Email: nazneenneha93@gmail.com
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Neha Nazneen Siddiqui (2016), Bank Transaction Tax: An Access to Tax Ameliorate in India -An Analytic Review. IJBMR 4(2), 42-47. DOI: 10.37391/IJBMR.040201.