Table of Contents

Taxes in Ancient India & During Mughal Period; Taxes during British Rule; Constitutional Provisions Pertaining to Taxes; Socio-Economic Objectives of Tax Policy; Tax Reforms Since 1991; Trends in Tax-GDP Ratio; Trends in the Relative Revenue Significance of Direct & Indirect Taxes; Buoyancy & Elasticity of Tax Revenue; Distribution of Tax Burden (Tax Incidence); Tax Evasion; Trends in the Level & Composition of Central Taxes; Income Tax; Wealth Tax; Union Excise Duties; Taxation of Services; Direct Taxes Code (DTC); National Level Goods & Services Tax (GST); Trends in the Level & Composition of State Taxes; Taxation of Agricultural Income; Sales Tax & State Level VAT; Centre-State Financial Relations; State-Local Financial Relations in India; International Double Taxation; Indian Law on Double Tax Relief; Select Bibliography; Index.

About the Author

M.M. Sury received his B.A. (Hons.), M.A., and Ph.D. degrees in economics from the University of Delhi. He taught economics in the same university for 42 years. Specialising in fiscal economics, he has published extensively on Indian fiscal system in recognised national and international journals, including Small Industry Bulletin for Asia and the Pacific (United Nations, Bangkok), Bulletin for International Fiscal Documentation (International Fiscal Association, Amsterdam), Asian-Pacific Tax and Investment Bulletin (Singapore), Journal of the Indian School of Political Economy (Pune), Indian Economic Journal (Bombay), and Margin (New Delhi). He was a Visiting Fellow at the International Bureau of Fiscal Documentation, Amsterdam (May 1989), a Fellow at the Indian Institute of Advanced Study, Shimla (1991-92) and a Visiting Fellow in the Department of Law and Management, University of Mauritius, Mauritius (September-October, 2000). He was Economic Adviser, First Delhi State Finance Commission (1996-97).