Reforms in Direct Taxes Through Union Budgets- Pre and Post- 1991 Reforms

The author in the present article has made an attempt to elaborate on the reforms and the changes introduced in the taxing system of the country before and after the major economic changes in the year 1991. The article sails the reader through the recommendation of various tax committees and what has been implemented and tested so far in the taxation arena. The author of the article further makes an attempt to analyse the shortcoming of the recommendations both suggested and implemented, and draws an overview of the conditions at the time to further opine on what changes may have been incorporated. The author ends the article with a conclusive note demonstrating that with much further reforms in the taxation system till the year 2021, the overall condition of the system remains the same as was when it was born into the nation