“A comparative study of indian tax policy with brics countries tax policy”

The New Government an urge of attracting more Foreign Direct Investments through innovative schemes, policies like Make in India, Digital India, Startup India, Stand up India, One Country One Market, Smart City Projects etc., Indian Taxation have been in force from time immemorial, formally it was enforced in India by the British Government in 1860. The first Income Tax Act of Independent India was passed in the year 1961. The complexity of the Act has increased year by year with the issuance of notifications, circulars, and judgments offered in various suits. CEOs of Fortune companies meet in silicon city USA opinioned that India have Complex tax policy, delay in policy making, Intellectual Property rights, Lack of bankruptcy and trade policy. In order to cater to the present day requirements of the economy, a need has been long felt to Compare Indian Tax policy with BRICS Countries Tax Policies. For the purpose of study secondary data has been collected, processed and presented in the form of tables and figures and the analysis was made with help of relevant statistical and mathematical tools such as percentage Mean, Standard Deviation, ANOVA and Tamhane Test.