ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Income Tax on Income-in-kind

Amaresh Bagchi Adoption of the net-flow-of-wealth definition of income is considered an unavoidable surrender to expediency, but serious distortions arise when departures are made even from this definition on grounds such as that receipt in kind is not income since barter is not sale. This paper briefly illustrates the nature of some of these distortions with reference to a few judicial decisions.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top