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India Property Taxation Analysis

The article discusses taxation of property and net wealth in India. It notes that while income tax is well established, taxation of wealth and property has not been implemented effectively and raises several issues that would need to be addressed for a successful wealth tax system. The article examines the history of wealth tax policy in India and shortcomings of past efforts. It concludes that for a wealth tax to work in India, a comprehensive valuation of assets would be needed and exemptions would have to be limited.

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42 views1 page

India Property Taxation Analysis

The article discusses taxation of property and net wealth in India. It notes that while income tax is well established, taxation of wealth and property has not been implemented effectively and raises several issues that would need to be addressed for a successful wealth tax system. The article examines the history of wealth tax policy in India and shortcomings of past efforts. It concludes that for a wealth tax to work in India, a comprehensive valuation of assets would be needed and exemptions would have to be limited.

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Lemmebeyo Hero
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Economic &Political WEEKLY

Taxation of Property and Net Wealth in India: A Note


Author(s): T. N. Krishnan
Source: Economic and Political Weekly, Vol. 7, No. 1 (Xan. 1, 1972), pp. 21-23+25+27-41
Published by: Economic and Political Weekly
Stable URL: http://www.jstor.orgistable/4360903
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