Abstract : Tax evasion and tax avoidance pose substantial challenges that detrimentally affect the economic development of India. These issues diminish the government's capacity to collect revenue, thereby limiting its ability to fund crucial public expenditures necessary for economic advancement. Tax evasion involves the intentional non-payment or under-reporting of taxes, while tax avoidance entails the use of legal methods to minimize tax liability. Both practices have adverse effects on economic growth, investment, and government revenue. This research utilizes secondary data from diverse sources to scrutinize the impact of these practices on key economic indicators, such as GDP growth, investment, and government revenue. The findings underscore that tax evasion and tax avoidance significantly and negatively impact economic development. The study emphasizes the substantial adverse effects of tax evasion and tax avoidance on the economic development of India. It provides evidence supporting the implementation of effective measures to counteract these practices, promoting sustainable economic development in the country.
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Cite : Rahman, S., & Yadav, G. (2024). The Effects Tax Evasion And Tax Avoidance On India's Economic Progress (1st ed., pp. 154-160). Noble Science Press. https://doi.org/10.52458/9788196897451.nsp.2024.eb.ch-18
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