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August 2008

Development — Oriented Tax Policy for India

By Raman Jokhakar, Tarunkumar Singhal, Chartered Accountants
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New Page 5

53 Development — Oriented Tax Policy for India


According to the recent publication by the World Bank,
‘Paying Taxes 2008 : The Global Picture,’ the Indian tax system is one of the
most unfriendly to businesses in the world. India ranks at 165 among the 178
countries and among the South Asian countries, it is the lowest. The real
question is whether the Indian tax system is really that bad or is it another
advocacy by businesses or simply a sensational finding which merely deserves to
be ignored.

(Source : Business Standard, 6-5-2008)

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