| Author: |
D. N. Dwivedi |
| ISBN: |
|
| Edition: |
1973 |
| Multiple Book Set: |
No |
Agricultural taxation, particularly the taxation of agricultural land, has been the most important source of public finance in almost all countries in the initial stages of their economic development. But the rapid expansion of the industrial sector led to the emergence of much more productive, easily identifiable ad asessable tax bases in the sector, which ultimately resulted in intensification of taxation in the non agricultural sector for mobilising the financial resources for all purposes. Rapidly expanding scope for enhancing tax burden on the non agricultural sector, on the one hand, and limited tax bases, inflexible tax rates, low yields from agricultural taxes, and political social and economic difficulties in the taxation of the agricultural sector, on te other, led to a rather indifferent attitude of the public authorities towards the taxation of the agricultural sector. several efforts have been made in India to revise and reform the pattern of non-agricultural taxes have since long remained untouched. This course of taxation has failed to meet the growth requirements of the country. Taxation of the non-agricultural sector tended to touch the saturation point leaving a big gap between the current resources and the financial requirements need for India's economic development.Since this gap culd not be filled with voluntary domestic savings and external assistance, India is forced to make vigorous efforts to tap her domestic sources by all possible means in order to meet financial requirements.
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