The Indian tax system has become comprehensive and complicated since Independence in 1947. Besides being the main source of revenue, both for the Central and State Governments, It is an effective instrument to realize various socio-economic objectives of national policies. This book traces the structural evolution, explains the legal framework, and describes the present system of taxation in India. It focuses on individual taxes levied by the Central and State Governments. In short, the book provides an exhaustive and critical account of various aspects of the Indian tax system. Changes in tax laws effected by the Finance Act, 1997 have been duly incorporated. The overall approach to the subject is descriptive, analytical, and at places normative.
ABOUT THE AUTHOR M.M. Sury
M.M. Sury received his B.A. (Hons.), M.A., and Ph.D. degrees in economics from the University of Delhi. Specialising in fiscal economics, he has published widely on the Indian fiscal system in national and international journals. 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 has Economic Adviser, Delhi State Finance Commission (1996-97). Presently, he is a Reader in the Department of Economics, A.R.S.D. College, University of Delhi. He is also the President of the Indian Tax Foundation.
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