TAXATION LAW IN INDIA AND AUSTRALIA

AUTHORS – PRADEEP VAJPAYEE, MAHARASHTRA NATIONAL LAW UNIVERSITY AURANGABAD

BEST CITATION – PRADEEP VAJPAYEE, TAXATION LAW IN INDIA AND AUSTRALIA, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (1) OF 2024, PG. 1634-1648, APIS – 3920 – 0001 & ISSN – 2583-2344.

ABSTRACT

This Seminar Paper Presents a Detailed Comparative Analysis Of Taxation Laws In India And Australia, Delving Into Key Dimensions Such As Income Taxation, Corporate Taxation, Goods And Services Tax (Gst), Tax Administration, And Recent Developments. By Examining The Nuances Of Each Country’s Tax System, The Paper Uncovers Notable Similarities And Differences, Providing Valuable Insights For Policymakers, Practitioners, And Researchers. Through An Exploration Of Tax Brackets, Deductions, Exemptions, And Treatment Of Various Income Sources, Alongside An Analysis Of Corporate Tax Rates, Multinational Considerations, And Gst Structures, The Paper Offers a Comprehensive Understanding Of How Taxation Laws Shape Economic Landscapes In Both Countries.Furthermore, The Paper Scrutinizes Tax Administration Processes, Including Compliance Mechanisms, Audit Procedures, And Enforcement Measures, To Assess The Efficacy Of Tax Authorities In Ensuring Fairness And Revenue Collection. By Investigating Tax Treaties, Case Studies, And Recent Reforms, The Paper Elucidates The Practical Implications Of Taxation Laws On Individuals, Businesses, And The Broader Economy. Ultimately, This Comparative Analysis Contributes To a Deeper Understanding Of The Complexities Of Taxation Systems In India And Australia, Offering Valuable Insights For Fostering Effective Tax Policy, Administration In The Global Tax Landscape.