UPSC - Blog - Page 177

Rationalization of Double Taxation Avoidance Agreement (DTAA) – UPSC Economy Notes

The Rationalization of Double Taxation Avoidance Agreement (DTAA) stands as a pivotal framework in international taxation, aiming to alleviate the burdens

Edukemy Team March 21, 2024

Economy Notes

Double Taxation Avoidance Agreement (DTAA) – UPSC Economy Notes

A Double Taxation Avoidance Agreement (DTAA) is a bilateral agreement between two countries aimed at eliminating the possibility of double taxation on the same income or financial transaction

Edukemy Team March 21, 2024

Economy Notes

Base Erosion and Profit Shifting (BEPS) – UPSC Economy Notes

Base Erosion and Profit Shifting (BEPS) refers to tax planning strategies employed by multinational corporations (MNCs) to exploit gaps in the tax rules of certain countries

Edukemy Team March 21, 2024

Economy Notes

Tax Havens – UPSC Economy Notes

Tax havens are countries or specific regions within countries where tax rates, especially on income or capital gains, are extremely low or non-existent.

Edukemy Team March 21, 2024

Economy Notes

Tax Expenditure – UPSC Economy Notes

Tax expenditure refers to the revenue forgone by the government due to exemptions and concessions provided in both direct and indirect taxes.

Edukemy Team March 21, 2024

Economy Notes

Inverted Duty Structure – UPSC Economy Notes

The inverted duty structure refers to a situation where the import duty on finished goods is lower than the duty on raw materials or intermediate goods.

Edukemy Team March 21, 2024

Economy Notes

Capital Gains Tax – UPSC Economy Notes

Capital Gains Tax is a tax imposed on the profits (gains) derived from the sale of assets such as land, shares, etc

Edukemy Team March 21, 2024

Economy Notes

Direct Taxes Code (DTC) – UPSC Economy Notes

The Direct Taxes Code (DTC) represents a significant overhaul of India's tax system, aiming to simplify and streamline the country's direct tax regime

Edukemy Team March 20, 2024

Economy Notes

Tax Amnesty Schemes in India – UPSC Economy Notes

Tax amnesty schemes in India, also known as voluntary disclosure or amnesty schemes, have been periodically introduced by the government

Edukemy Team March 20, 2024

Economy Notes

Broadening Tax Base in India – UPSC Economy Notes

In India, the concept of broadening tax base has emerged as a critical strategy for bolstering fiscal sustainability and promoting economic development.

Edukemy Team March 20, 2024