Articles by Anupam Gupta

Elasticity of Non-Corporate Income Tax in India Anupam Gupta AMARESH BAGCHI and M Govinda Rao have written an interesting paper on a very important issue.1 If elasticity of non-corporate income tax was fairly high, greater reliance could be placed on non-corporate income tax for raising revenue and the question of equity in the tax incidence could be more easily dealt with. A low elasticity of income tax compels the exchequer to depend more on commodity taxes. A consumption lax is essentially regressive and the classification of goods into essential and luxury items remains controversial. A consumption tax is more likely to add to inflationary forces than an income tax. For all these and many mote reasons, one would consider worthwhile examination of the scope of raising the elasticity of non-corporate income tax, I am grateful to the authors for dealing with my earlier workon this problem at length. Their conclusion is different from mine. But I feel this difference arises from one's view about what 'he tax administration is likely to achieve in the future.