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THE EFFECTS TAX EVASION AND TAX AVOIDANCE ON INDIA'S ECONOMIC PROGRESS    

Authors : 1. dr. anil kumar dixit, professor and principal, career college of law, bhopal; 2. dr. sarwar rahman, assistant professor, glocal school of business & commerce; glocal university; 3. dr. gayatri yadav, assistant professor, career college of law, bhopal, publishing date : 2024, doi : https://doi.org/10.52458/9788196897451.nsp.2024.eb.ch-18, isbn : 978-81-968974-8-2, pages : 154-160, chapter id : gu/nsp/eb/iesdspr/2024/ch-18, abstract : tax evasion and tax avoidance pose substantial challenges that detrimentally affect the economic development of india. these issues diminish the government's capacity to collect revenue, thereby limiting its ability to fund crucial public expenditures necessary for economic advancement. tax evasion involves the intentional non-payment or under-reporting of taxes, while tax avoidance entails the use of legal methods to minimize tax liability. both practices have adverse effects on economic growth, investment, and government revenue. this research utilizes secondary data from diverse sources to scrutinize the impact of these practices on key economic indicators, such as gdp growth, investment, and government revenue. the findings underscore that tax evasion and tax avoidance significantly and negatively impact economic development. the study emphasizes the substantial adverse effects of tax evasion and tax avoidance on the economic development of india. it provides evidence supporting the implementation of effective measures to counteract these practices, promoting sustainable economic development in the country., cite : rahman, s., & yadav, g. (2024). the effects tax evasion and tax avoidance on india's economic progress (1st ed., pp. 154-160). noble science press. https://doi.org/10.52458/9788196897451.nsp.2024.eb.ch-18, references : bansal, k. k. income tax reforms required in income tax act 1961. gravelle, j. g. (2009). tax havens: international tax avoidance and evasion. national tax journal, 62(4), 727-753. mo, p. (2003). tax avoidance and anti-avoidance measures in major developing economies. bloomsbury publishing usa. palan, r., murphy, r., & chavagneux, c. (2010). tax havens: how globalization really works. cornell university press. rao, m. g. (2005). tax system reform in india: achievements and challenges ahead. journal of asian economics, 16(6), 993-1011. sury, m. m. (2014). black money and tax evasion in india. vision: journal of indian taxation, 1(1), 1-35., visit our noble science press, mon-sat 10:00 am- 6:00 pm| sun 12pm-2:00pm.

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COMMENTS

  1. Impact of Tax Evasion and Tax Avoidance on Indian Economy. - SSRN

    The present paper provides a platform to understand the impact of tax avoidance and tax evasion in India. As we know that tax evasion is the deliberate attempt of a taxpayer not to pay tax while avoidance refers to attempt of a taxpayer to reduce his tax liability in order to pay little as tax. This

  2. Tax Avoidance and Evasion: A Critical Analysis of Legal ...

    Tax avoidance and evasion present significant challenges to fiscal sustainability and social equity in India. This research paper provides a comprehensive analysis of the legal framework, enforcement mechanisms, and policy responses concerning tax non-compliance in the Indian context.

  3. Fostering Taxpayer Honesty: Exploring Effective Strategies to ...

    This paper explores multi dimensions of tax avoidance and tax evasion in the view of current government laws, policies and preventive measures, how it has affected the Indian economy and...

  4. TAX EVASION AND TAX AVOIDANCE - IMPACT OF INDIAN ECONOMY - IJCRT

    What are the main causes of tax evasion and tax avoidance in tax? How does tax evasion and tax avoidance impact the revenue collection of the Indian government? What measures can the Indian government take to effectively combat tax evasion and tax avoidance?

  5. THE EFFECTS TAX EVASION AND TAX AVOIDANCE ON INDIA'S ECONOMIC ...

    The study emphasizes the substantial adverse effects of tax evasion and tax avoidance on the economic development of India. It provides evidence supporting the implementation of effective measures to counteract these practices, promoting sustainable economic development in the country.

  6. [PDF] A Study on Tax Evasion in India | Semantic Scholar

    This paper attempts to understand the relationship between tax revenue and tax evasion with government’s revenue. In contrast, the paper also studies the principle of tax avoidance and states how an individual or a corporate organisation can legally use tax laws to reduce the tax burden.

  7. UNVEILING THE CONSEQUENCES: EXPLORING THE EFFECT OF TAX ...

    Tax evasion and tax avoidance are significant issues in India that affect the country's economic development. Despite efforts by the government to increase tax compliance, tax evasion and tax avoidance remain widespread, leading to revenue losses and hindering economic growth. This problem statement aims to investigate the impact of tax evasion and

  8. TAX EVASION IN INDIA: A STUDY OF ITS IMPACT ON REVENUE OF THE ...

    In this backdrop the present paper explores the tax evasion concepts and examine amount of tax evasion in India. For this purpose the required data have been collected from secondary sources. KEYWORDS: Tax Evasion, Tax Estimation, Revenue, GDP.

  9. External audit and tax evasion: evidence from India

    This paper aims to examine the relationship between voluntary external audit by privately held firms and tax evasion in India. We use data generated by the World Bank Enterprise Survey which is based on interviews conducted over 2013 and 2014 only.

  10. Digitalization and tax evasion: the moderation effect of ...

    This study first investigates the impact of digitalization adoption on tax evasion. Then we test the moderating effect of corruption in the relationship between digitalization and tax evasion. Additionally, we compare high-corrupt and low-corrupt environments regarding digitalization and tax evasion.