K Sampath


The author evaluates the efficacy of tax laws in the specific context of changing policy environment in the early 1990s. The author tackles the question of what should be the shape and thrust of our tax laws so that they act in unison with the changing economic climate in India. The author concludes that just as developing countries have devised numerous incentive packages for the foreign investor, India cannot afford to lag behind in any way and must rise to the occasion to present a matching reward to every positive contribution. (Editor’s abstract.)



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