In an emerging economy as large as India with its own complexities that often emerge from the very nature of its tax policy structure and rudimentary administration, tax reform remains a constant challenge.rnDr. Parthasarathi Shome, Chairman, International Tax Research and Analysis Foundation (ITRAF), Bengaluru, India, and Member of the Board, Comptroller & Auditor General (CAG) India brought together various scholars from the tax profession and tax administration to debate each issue from either side. At present there are many issues in direct and indirect taxes that are on the Indian Government’s plate awaiting discussion, resolution and implementation. This brings together a selection of such issues that are on the forefront of professional concern and are drawing the attention of the tax authorities that require their immediate attention.rnThis book provides the grist and the flavor of a selection of crucial prevailing matters.