The tax could be a source of revenue for a government of a rustic, through which it endeavours to produce better infrastructure, the standard of living and security for its inhabitants. However, these taxes can sometimes be available in the way of personal development of people or an organization and further push these individuals and huge business houses to contemplate the way to avoid the identical by using loopholes within the laws and guidelines that govern the taxes. Indian government has always been proactive in closing and fixing loopholes within the tax laws and its structure through budget, amendments, guidelines and treaties with various countries. However, government during this regard is usually two steps behind the big business houses in India According to a paper...
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