Journal of Advances in Developmental Research

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Taxation Policies and Their Impact on Business Growth in India

Author(s) Dr Suraksha Sharma
Country India
Abstract This research paper explores the impact of taxation policies on business growth in India, with a particular focus on their influence on small and medium enterprises (SMEs). India’s taxation framework plays a pivotal role in shaping the entrepreneurial landscape, as it can either encourage or discourage business expansion. The study analyses key taxation measures, including tax incentives for SMEs, direct and indirect tax reforms, and the challenges faced by businesses due to complex compliance requirements. Through an examination of data from various government reports and academic sources, the paper highlights the positive impact of tax reforms on business growth, particularly for SMEs, by reducing operational costs and enhancing market competitiveness. However, it also identifies the hurdles, such as the high compliance costs and the complexity of tax filing processes, which still pose significant challenges for businesses in the early stages of growth. The paper concludes by recommending further tax reforms and simplified compliance procedures to foster a more conducive environment for business expansion. This research contributes to a deeper understanding of the relationship between taxation policies and business growth in India and provides valuable insights for policymakers and entrepreneurs alike.
Keywords Taxation Policies, Business Growth, SMEs, Tax Incentives, India, Compliance Costs, Entrepreneurship, Economic Development, Small Businesses, Tax Reforms
Field Business Administration
Published In Volume 4, Issue 2, July-December 2013
Published On 2013-10-09
Cite This Taxation Policies and Their Impact on Business Growth in India - Dr Suraksha Sharma - IJAIDR Volume 4, Issue 2, July-December 2013. DOI 10.71097/IJAIDR.v4.i2.1392
DOI https://doi.org/10.71097/IJAIDR.v4.i2.1392
Short DOI https://doi.org/g9gsgs

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