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Article Name : | | DIRECT TAX- A BOOSTER FOR ECONOMY | Author Name : | | D. D. Kulkarni | Publisher : | | Ashok Yakkaldevi | Article Series No. : | | ROR-2166 | Article : | | ![](images/pdf_download.png) | Author Profile | Abstract : | | Direct tax is the major source of income to the government. The structure of direct tax plays an important role in the collection of revenue. It is prime responsibility of the government to fulfill the increasing developmental needs of the country and it is people byway of public expenditure. India being a developing economy has been striving to fulfill the obligations of a welfare state with its limited resources. Tax is the major source of public revenue. The economy’s desires will be fulfilled only through the collection of taxes. The rate of collection of direct tax is less as compared to rate of collection of indirect taxes. Still it has gained greater attention. The reason is that it has propensity towards personal. | Keywords : | | - Direct tax
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