ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By K L Datta

Nine Years of Turmoil in Taxation

In 2012, the finance ministry of the Government of India amended the Income Tax Act to tax capital gains from indirect corporate transactions. This law was applied retrospectively, permitting the finance ministry to tax companies for similar transactions in the previous half a century and creating consternation among foreign investors. The ministry decided to dispense with this in August 2021. Despite the altered legal position that this law will apply prospectively instead of retrospectively, the woes of the ministry are not over.


An Estimate of Poverty Reduction between 2004-05 and 2005-06

Using sample data from the 62nd round of the National Sample Survey, this paper estimates the headcount ratio of poverty for 2005-06. This estimate, based on the methodology recommended by the 1993 Planning Commission expert group, is compared with the poverty ratio for 2004-05 as derived from the 61st round of the nss. While the two estimates are strictly speaking not comparable, the numbers show a 1.4 to 1.6 percentage point decline in the headcount ratio between the two years, as against the 0.8 percentage point trend rate of decline between 1993-94 and 2004-05.