Stamp Duties in Indian States is popular PDF and ePub book, written by James Alm in 2004, it is a fantastic choice for those who relish reading online the Stamp duties genre. Let's immerse ourselves in this engaging Stamp duties book by exploring the summary and details provided below. Remember, Stamp Duties in Indian States can be Read Online from any device for your convenience.
Stamp Duties in Indian States Book PDF Summary
Evidence indicates that the current high duty rates, coupled with weak tax administration, lead to widespread evasion of the tax through underdeclaration. This underdeclaration of property values directly affects collection of other taxes, among them, property taxes and capital gains tax. Moreover, it indirectly affects the collection of all taxes through the impact of underdeclaration on the circulation of black money. Simulations indicate that revenues lost due to a lowering of stamp duty rates closer to international levels are quite likely to be recovered in higher collections of other taxes. However, these taxes would at least in part be collected by other levels of government. So reform could be made a more viable option through appropriately designed intergovernmental transfers.
Detail Book of Stamp Duties in Indian States PDF
- Author : James Alm
- Release : 27 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Stamp duties
- Total Page : 85 pages
- Language : English
- PDF File Size : 16,6 Mb
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