Tax buoyancy Subject – Economy Context – Revenue Secretary Tarun Bajaj wants to be cautious even though both indirect and direct tax collections during the first two quarters of this fiscal year have shown buoyancy. Concept – To know about tax buoyancy, please click here. For related terms like Revenue Foregone and Tax […]

    Tax buoyancy Subject: Economy Context: the finance secretary said the revised estimates of revenue and expenditure for the current fiscal were realistic and tax buoyancy expectations are realistic. Concept: Tax buoyancy explains relationship between the changes in government’s tax revenue growth and the changes in GDP. It refers to the responsiveness of tax […]

Subject: Economy Context: Even as the government is battling much-reduced tax buoyancy and a yawning revenue deficit, finance minister kept alive industry’s hopes for further tax cuts. Concept: Tax buoyancy explains this relationship between the changes in government’s tax revenue growth and the changes in GDP. It refers to the responsiveness of tax revenue growth […]

Table Of Contents Direct Tax Buoyancy, Revenue Foregone, Tax Base Mission Sagar Persian Gulf and GCC Environment Performance Index Assam Gas Leak 1. Direct Tax Buoyancy, Revenue Foregone, Tax Base Subject: Economy Context: The gross direct tax collection in 2019-20 fiscal dipped 4.92 per cent to Rs 12.33 lakh crore on account of reduction in […]