Comparative Analysis Of Optional Tax Regimes Under The Income Tax Act, 1961: Corporate And Non-Corporate Assessees

Abstract

In the present paper a study is conducted to analyse the impact of the alternative tax regime introduced for corporate and non-corporate assessees and to do a comparative analysis of the regimes. The analysis is done by studying the returns filed by the assessees and the data released by the government department on the revenue impact of tax incentives. The study attempts to understand that what was the tax saving for the assesses by adopting alternative tax regime & what were the reasons of opting or non-opting for them. Further, it aims to compare the regimes from the corporate and non-corporate perspective. It also points out what can be done to further, to make these regimes more effective.