CORPORATE TAXATION-TIME FOR MORE ABATEMENTS AND FEWER REGULATIONS

This book is based on a research by the author on the idea that Corporate Income Tax as a tool to maintain equality in resource availability in the society has outrun its utility. The system of Income Tax in India for Corporates, as like for other assesses, is overly complex in the form in which it exists. A substantial sum of money is extracted from business organizations with no transparency on how it will be or is utilized. The book will bring afore the adverse effects of Income Taxation on business organizations in India and what would be their response if abatements and lesser regulations are offered to them. Also juxtaposed is what scope exists to reduce the government oversight mechanism as it exists today in a manner which will not be detrimental to government¿s revenue.